T. Rowe Price Floating Rate Fund, Inc.
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About the company
This fund ordinarily deploys a minimum of 80% of its total assets (including any capital obtained through borrowing for investment) into debt instruments with variable interest rates. These floating rate loans represent funds extended by financial institutions and other lenders to corporate borrowers or various entities. The vast majority, if not all, of the loans held by the fund are either classified as below investment grade (typically rated below BBB or an equivalent, often colloquially known as “junk” due to higher risk) or lack an official credit rating from recognized agencies.
- IPO
- 2011
- HQ
- Baltimore, MD, US
Price Chart
- Market Cap
- $4.05B
- P/E
- 7.14
- P/S
- 209.76
- P/B
- 0.00
- EV/EBITDA
- -2293.49
- Div Yield
- 6.74%
- Gross Margin
- 100.00%
- Op Margin
- 91.01%
- Net Margin
- 81.73%
- ROE
- 12.75%
- ROIC
- 9.43%
- Revenue
- $19.29M · 43.08%
- Net Income
- $15.76M · 235.27%
- EPS
- $1.27 · 235.11%
- Op Income
- $17.55M
- FCF YoY
- -47.30%
- 52W High
- $9.29
- 52W Low
- $9.03
- 50D MA
- $9.12
- 200D MA
- $9.17
- Beta
- 0.04
- Avg Volume
- 0
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