Allspring Multi Financials

ERC Stock  USD 9.04  0.01  0.11%   
Based on the key indicators obtained from Allspring Multi's historical financial statements, Allspring Multi Sector may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, Allspring Multi's Total Stockholder Equity is projected to decrease significantly based on the last few years of reporting. The current year's Net Tangible Assets is expected to grow to about 443.6 M, whereas Other Liabilities is forecasted to decline to about 340.6 K. Key indicators impacting Allspring Multi's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.230.41
Way Down
Pretty Stable
Current Ratio1.521.42
Notably Up
Pretty Stable
Investors should never underestimate Allspring Multi's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Allspring Multi's cash flow, debt, and profitability to make informed and accurate decisions about investing in Allspring Multi Sector.

Net Income

15.89 Million

  
Understanding current and past Allspring Multi Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Allspring Multi's financial statements are interrelated, with each one affecting the others. For example, an increase in Allspring Multi's assets may result in an increase in income on the income statement.
Please note, the presentation of Allspring Multi's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Allspring Multi's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Allspring Multi's management manipulating its earnings.

Allspring Multi Stock Summary

Allspring Multi competes with Allspring Global, BNY Mellon, Pioneer High, Allspring Utilities, and Allspring Income. Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States. Wells Fargo operates under Asset Management classification in the United States and is traded on NYSEMKT Exchange.
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNYSE MKT Exchange
ISINUS94987D1019
CUSIP94987D101 30024Y104
LocationCalifornia; U.S.A
Business Address1415 Vantage Park
SectorCapital Markets
IndustryFinancials
BenchmarkDow Jones Industrial
Phone833 568 4255
CurrencyUSD - US Dollar

Allspring Multi Key Financial Ratios

Allspring Multi Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets497.6M502.5M389.7M389.7M350.7M616.0M
Net Tangible Assets403.9M344.6M352.9M265.7M239.1M443.6M
Retained Earnings(53.9M)(33.3M)(109.4M)(102.9M)(118.4M)(124.3M)
Accounts Payable12.4M9.6M4.3M6.2M5.6M5.3M
Cash13.5K175.0K1.1K272.6K245.3K233.1K
Net Receivables11.1M8.6M7.5M7.6M6.9M13.0M
Total Liab153.0M149.5M124.0M126.4M113.8M164.9M
Other Assets4.4K13.3K16.4K25.9K23.3K22.2K
Other Current Liab(12.4M)(9.6M)(4.3M)(6.2M)(7.1M)(7.5M)
Net Debt139.0M138.8M119.0M118.7M106.9M140.5M
Total Current Assets11.1M8.6M7.5M7.9M7.1M11.0M
Common Stock398.4M386.2M375.1M366.2M329.6M435.0M
Other Current Assets(24.0M)(32.5M)(23.7M)(40.8M)(36.7M)(34.9M)
Net Invested Capital483.6M491.9M384.7M382.3M344.1M412.2M
Capital Stock398.4M386.2M375.1M366.2M329.6M323.8M

Allspring Multi Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense2.9M1.1M2.3M6.7M7.7M8.0M
Total Revenue(515.2K)43.7M(55.9M)20.7M18.7M29.7M
Gross Profit(3.9M)40.6M(58.6M)18.2M16.4M28.2M
Operating Income(1.2M)43.3M(54.0M)25.6M23.0M28.0M
Ebit(1.2M)44.4M(53.3M)20.3M18.2M27.1M
Cost Of Revenue3.3M3.1M2.7M2.5M2.3M1.8M
Income Before Tax(1.2M)43.3M(56.2M)20.3M18.2M26.7M
Net Income(1.2M)43.3M(58.5M)20.3M18.2M15.9M
Income Tax Expense(4.1M)(1.5M)2.3M(6.7M)(6.0M)(5.7M)
Ebitda(1.7M)44.7M(53.0M)18.9M17.0M21.9M
Net Interest Income26.1M25.2M23.0M21.1M19.0M25.0M
Interest Income29.0M26.3M25.3M27.7M25.0M27.9M

Allspring Multi Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash169.6K5.3K183.0K(85.4K)(76.8K)(80.7K)
Depreciation(525.6K)326.0K312.6K(1.3M)(1.2M)(1.1M)
Dividends Paid35.2M31.2M30.9M22.9M20.7M36.3M
Net Income(1.2M)43.3M(56.2M)20.3M18.2M16.0M
Change To Netincome19.8M93.5M(7.8M)111.9M100.7M51.5M
End Period Cash Flow169.7K175.0K358.0K272.6K245.3K233.1K
Free Cash Flow92.3M34.9M51.8M22.9M26.3M25.0M
Other Non Cash Items94.0M(8.1M)111.6M1.4M1.6M1.5M

Allspring Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Allspring Multi's current stock value. Our valuation model uses many indicators to compare Allspring Multi value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Allspring Multi competition to find correlations between indicators driving Allspring Multi's intrinsic value. More Info.
Allspring Multi Sector is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about  0.51  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Allspring Multi Sector is roughly  1.98 . At present, Allspring Multi's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Allspring Multi's earnings, one of the primary drivers of an investment's value.

Allspring Multi Sector Systematic Risk

Allspring Multi's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Allspring Multi volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Allspring Multi Sector correlated with the market. If Beta is less than 0 Allspring Multi generally moves in the opposite direction as compared to the market. If Allspring Multi Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Allspring Multi Sector is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Allspring Multi is generally in the same direction as the market. If Beta > 1 Allspring Multi moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Allspring Multi Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Allspring Multi's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Allspring Multi growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.0766)

At present, Allspring Multi's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

Allspring Multi November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Allspring Multi help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Allspring Multi Sector. We use our internally-developed statistical techniques to arrive at the intrinsic value of Allspring Multi Sector based on widely used predictive technical indicators. In general, we focus on analyzing Allspring Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Allspring Multi's daily price indicators and compare them against related drivers.

Complementary Tools for Allspring Stock analysis

When running Allspring Multi's price analysis, check to measure Allspring Multi's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allspring Multi is operating at the current time. Most of Allspring Multi's value examination focuses on studying past and present price action to predict the probability of Allspring Multi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allspring Multi's price. Additionally, you may evaluate how the addition of Allspring Multi to your portfolios can decrease your overall portfolio volatility.
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