abrdn World Healthcare Fund (THW)
Under the stewardship of Tekla Capital Management LLC, the Tekla World Healthcare Fund functions as a balanced, closed-end mutual fund. Its investment mandate extends to publicly traded stocks and debt instruments spanning international markets. A primary focus for its equity allocations is businesses within the healthcare industry, while the debt component of its portfolio largely comprises corporate bonds. Established on June 26, 2015, this fund is headquartered in the United States.
Industry: Asset Management
Abrdn World Healthcare Fund
NYSE:THWFinancial Services · Asset Management
-2.04%$12.49
AH Close$12.49+0.00%vs close
AH Close$12.49+0.00%vs close
Mkt Cap$504.14M
Float40.36M
O/S40.36M
Inst Own14.5%
SI0.2%
Div Yield11.18%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$63.14M
Net Income$55.39M
Total Assets$636.74M
Free Cash Flow$34.13M
Debt & Equity
Debt 19%
Equity 81%
Total Debt$121.27M
Total Equity$512.5M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in THW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$636.74M
Liabilities$124.23M
Accounts Receivable$1.17M
Accounts Payable$2.5M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 |
| Revenue | $63.14M | $94.49M | $45.98M | $38.11M | $86.53M | $62.15M | -$9.41M | $33.65M | $27.94M | $46.05M | $1.37M |
| YoY Growth | -33.2% | 105.5% | 20.7% | -56.0% | 39.2% | -760.2% | -128.0% | 20.4% | -39.3% | 3269.3% | - |
| Cost of Revenue | $6.88M | $7.99M | $6.86M | $7.52M | $7.09M | $6.33M | $6.23M | $9.43M | $8.79M | $7.14M | $1.69M |
| Gross Profit | $56.26M | $94.49M | $39.12M | $30.59M | $79.44M | $55.81M | -$15.65M | $24.22M | $19.15M | $38.91M | -$326K |
| Gross Margin | 89.1% | 100.0% | 85.1% | 80.3% | 91.8% | 89.8% | 166.2% | 72.0% | 68.5% | 84.5% | -23.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $4 | $0 | $1 | $1 | $0 | $0 |
| Selling, General, and Administrative | $860K | $1.09M | $1.06M | $1.24M | $1.05M | $940K | $958K | $1.04M | $1.09M | $0 | $167K |
| Other | $14K | $36K | $332K | $353K | $345K | $302K | $297K | $979K | $970K | $31.04M | $46K |
| Total Operating Expenses | $873K | $1.13M | $1.4M | $1.59M | $1.4M | $1.24M | $1.26M | $1.36M | $1.41M | $40.54M | $214K |
| Operating Income (EBIT) | $55.39M | $101.34M | $44.54M | -$60.71M | $86.33M | $63.42M | -$10.67M | $61.13M | $49.47M | -$1.63M | -$539K |
| Operating Margin | 87.7% | 107.3% | 96.9% | -159.3% | 99.8% | 102.0% | 113.3% | 181.7% | 177.1% | -3.5% | -39.4% |
| Interest Expense | $6.88M | $7.99M | $6.99M | $2.05M | $1.14M | $2.49M | $3.92M | $3.17M | $2.32M | $1.17M | -$44.59M |
| Interest Income | $3.36M | $4.38M | $2.49M | $2.36M | $2.31M | $3.1M | $3.51M | $3.71M | $4.05M | $0 | $0 |
| Other Income (Expense) | -$6.93M | -$7.98M | -$6.95M | -$2.13M | -$1.19M | -$2.51M | $0 | $2.73M | -$1.54M | $4.73M | -$44.59M |
| Income Before Tax (EBT) | $55.39M | $93.36M | $37.62M | -$62.84M | $85.13M | $60.9M | -$10.67M | $32.3M | $26.53M | $3.09M | -$45.13M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $57.51M | $45.83M | $0 | $0 |
| Net Income | $55.39M | $93.36M | $37.62M | -$62.84M | $85.13M | $60.9M | -$10.67M | $32.3M | $26.53M | -$1.63M | -$45.13M |
| Net Income Margin | 87.7% | 98.8% | 81.8% | -164.9% | 98.4% | 98.0% | 113.3% | 96.0% | 94.9% | -3.5% | -3302.3% |
| Supplementary Data | |||||||||||
| EPS | 1.43 | 2.44 | 1.01 | -1.67 | 2.29 | 2.02 | -0.35 | 1.07 | 0.86 | -0.05 | -1.45 |
| Diluted EPS | 1.43 | 2.44 | 1.01 | -1.67 | 2.29 | 2.02 | -0.35 | 1.07 | 0.86 | -0.05 | -1.45 |
| Weighted Average OS | 38.73M | 38.24M | 37.25M | 37.52M | 37.25M | 30.17M | 30.16M | 30.18M | 30.85M | 30.88M | 31.18M |
| EBITDA | $55.39M | $101.34M | $44.61M | -$60.48M | $86.57M | $63.42M | -$10.67M | $29.56M | $28.07M | -$2.81M | -$89.72M |
| EBITDA Margin | 87.7% | 107.3% | 97.0% | -158.7% | 100.0% | 102.0% | 113.3% | 87.8% | 100.5% | -6.1% | -6565.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $488K | $246 | $2K | $985 | $293 | $1.38M | $705 | $585 | $441 | $11K | $471K |
| Short-Term Investments | $0 | $31.57M | $19.87M | $18.6M | $34.64M | $0 | $5.2M | $30M | $0 | $20.06M | $0 |
| Cash and Short-Term Investments | $488K | $31.57M | $19.87M | $18.6M | $34.64M | $0 | $5.2M | $30M | $440 | $20.07M | $471K |
| Accounts Receivable | $1.17M | $1.7M | $2.62M | $3.09M | $2.76M | $2.48M | $2.34M | $51.87M | $2.11M | $2.16M | $1.41M |
| Inventory | $0 | $0 | $22.49M | $0 | $0 | $0 | $14.73M | $95.6M | $19.26M | $0 | $0 |
| Other Current Assets | $0 | -$2.04M | -$22.49M | $0 | $0 | $0 | -$2.34M | -$95.6M | -$19.26M | -$22.23M | $0 |
| Total Current Assets | $1.97M | $31.57M | $2.63M | $3.09M | $2.76M | $2.48M | $7.54M | $81.87M | $2.11M | $2.05M | $1.88M |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $460K | $610.62M | $105K | $579.59M | $711.36M | $544.22M | $522.9M | $539.98M | $599.87M | $611.58M | $557.75M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $634.31M | $0 | $566.69M | $0 | $0 | $0 | $0 | -$539.98M | -$599.87M | $20.06M | -$557.75M |
| Total Long-Term Assets | $634.77M | $610.62M | $566.79M | $579.59M | $711.36M | $544.22M | $522.9M | $539.98M | $599.87M | $631.64M | $557.75M |
| Other Assets | $0 | -$27.91M | $322K | $256K | $57K | $548.12M | $45K | $58K | $60K | $184K | $5.79M |
| Total Assets | $636.74M | $614.28M | $569.74M | $582.93M | $714.18M | $548.12M | $530.49M | $621.9M | $602.04M | $633.87M | $565.42M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $2.5M | $516K | $1.58M | $756K | $22.37M | $214K | $1.84M | $37.22M | $806K | $0 | $21.86M |
| Short-Term Debt | $0 | $120.11M | $120M | $120M | $120M | $120M | $0 | $0 | $0 | $120M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$119.24M | -$97.63M | -$119.79M | -$118.16M | -$120M | -$120M | -$120M | $0 |
| Other Current Liabilities | $0 | -$120.81M | -$120M | -$6.25M | -$26.98M | -$228K | $118.16M | $82.78M | $119.19M | $2.36M | -$21.86M |
| Total Current Liabilities | $2.5M | $697K | $1.58M | $756K | $22.37M | $214K | $1.84M | $38.64M | $2.18M | $14.65M | $21.86M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $121.27M | $121.45M | $120M | $120M | $120M | $0 | $0 | $0 | $0 | $120M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $457K | $1.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $121.73M | $122.59M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $595K |
| Other Liabilities | $0 | $123.1M | $1.04M | $7.83M | $6.13M | $121.6M | $1.18M | $0 | $0 | $0 | $1.09M |
| Total Liabilities | $124.23M | $123.1M | $122.62M | $128.59M | $148.5M | $121.6M | $123.01M | $158.64M | $122.18M | $134.65M | $23.54M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $403K | $385K | $381K | $375K | $373K | $302K | $517.49M | $556.95M | $587.5M | $592.2M | $594.29M |
| Retained Earnings | $53.86M | $30.56M | -$56.72M | -$63.93M | $29.97M | -$50.52M | -$110.01M | -$93.69M | -$4.43M | -$350K | $2.1M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$102.75M | -$92.63M | -$54.51M |
| Other Stockholders' Equity | $458.24M | $460.23M | $503.46M | $517.9M | $535.34M | $476.75M | $0 | $0 | -$103.21M | -$92.63M | -$54.51M |
| Total Equity | $512.5M | $491.18M | $447.12M | $454.34M | $565.68M | $426.53M | $407.47M | $463.26M | $479.86M | $499.22M | $541.88M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $636.74M | $614.28M | $569.74M | $582.93M | $714.18M | $548.12M | $530.49M | $621.9M | $602.04M | $633.87M | $565.42M |
| Supplementary Data | |||||||||||
| Total Debt | $121.27M | $120.11M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $0 |
| Net Debt | $120.78M | -$246 | $120M | $120M | $120M | $118.63M | $120M | $120M | $120M | $119.99M | -$471K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 |
| Operating Activities | ||||||||||
| Net Income | $55.39M | $93.36M | $37.62M | -$62.84M | $85.13M | $60.9M | -$10.67M | $32.3M | $26.53M | $3.09M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $248K | -$140K | $820 | -$45K | -$103K | -$138K | $30K | -$257K | -$173K | -$533K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$9.57M |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.57M |
| Other Working Capital | -$150K | -$103K | $376K | $587K | $183K | -$389K | $474K | -$572K | -$42K | $250K |
| Total Working Capital Change | $98K | -$243K | $377K | $542K | $80K | -$527K | $504K | -$829K | -$215K | -$283K |
| Other Non-Cash Items | -$58.82M | -$43.51M | $6.85M | $110.75M | -$140.55M | -$22.19M | $30.49M | $47.46M | $19.6M | $12.63M |
| Net Cash from Operating | -$3.33M | $49.6M | $44.84M | $48.46M | -$55.34M | $38.18M | $20.32M | $78.93M | $45.92M | $14.91M |
| Investing Activities | ||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$255.24M | -$232.35M | -$236.85M | -$302.23M | -$471.04M | -$268.67M | -$342.33M | -$264.94M | -$349.44M | -$555.95M |
| Sales of Investments | $265.64M | $294.95M | $292.73M | $330.95M | $432.26M | $301.68M | $348.95M | $336.53M | $383.18M | $382.47M |
| Other Investing Activities | $0 | -$62.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $10.4M | $0 | $55.89M | $28.72M | -$38.78M | $33.01M | $6.62M | $71.59M | $33.74M | -$173.48M |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | -$120M |
| Common Stock Issuance | $18.32M | $131K | $3.95M | $0 | $98.84M | $0 | $0 | $0 | $0 | -$120M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | -$599K | -$2.8M | -$6.21M | -$2.68M | -$2.09M |
| Dividends Paid | -$51.81M | -$49.85M | -$48.79M | -$48.5M | -$44.82M | -$41.43M | -$42.32M | -$42.71M | -$43.25M | -$43.42M |
| Other Financing Activities | -$150K | -$482 | -$7K | $0 | $0 | $14K | $0 | -$30M | $0 | $0 |
| Net Cash from Financing | -$33.64M | -$49.61M | -$44.84M | -$48.5M | $54.01M | -$42.01M | -$45.12M | -$78.93M | -$45.93M | $74.49M |
| Forex Effect | $27.07M | $2 | $234 | -$28.72M | $38.78M | -$33.01M | -$6.62M | -$71.59M | -$33.74M | $78.27M |
| Net Change in Cash | $488K | -$2K | $1K | -$44K | -$1.33M | -$3.83M | -$24.8M | $144 | -$10K | -$460K |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $34.13M | $49.6M | $44.84M | $48.46M | -$55.34M | $38.18M | $20.32M | $78.93M | $45.92M | $14.91M |
| Capital Expenditure | $0 | $0 | -$4 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $34.13M | $49.6M | $44.84M | $48.46M | -$55.34M | $38.18M | $20.32M | $78.93M | $45.92M | $14.91M |
| Cash at Beginning | $246 | $2K | $985 | $45K | $1.38M | $5.2M | $30M | $441 | $11K | $471K |
| Cash at End | $488K | $246 | $2K | $985 | $45K | $1.38M | $5.2M | $585 | $441 | $11K |