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GuruFocus has detected 7 Warning Signs with First Trust Energy Income & Growth Fund \$FEN.
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First Trust Energy Income & Growth Fund (AMEX:FEN)
Total Equity
\$477.10 Mil (As of May. 2016)

First Trust Energy Income & Growth Fund's total equity for the quarter that ended in May. 2016 was \$477.10 Mil.

Total equity is used to calculate book value per share. First Trust Energy Income & Growth Fund's book value per share for the quarter that ended in May. 2016 was \$24.63. The ratio of a companys debt over equity can be used to measure how leveraged this company is. First Trust Energy Income & Growth Fund's debt to equity ratio for the quarter that ended in May. 2016 was 0.32.

Definition

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

First Trust Energy Income & Growth Fund's Total Equity for the fiscal year that ended in Nov. 2015 is calculated as

 Total Equity = Total Assets(Q: May. 2016 ) - Total Liabilities(Q: May. 2016 ) = 764.743 - 272.923 = 491.82

First Trust Energy Income & Growth Fund's Total Equity for the quarter that ended in May. 2016 is calculated as

 Total Equity = Total Assets(Q: May. 2016 ) - Total Liabilities(Q: May. 2016 ) = 727.295 - 250.197 = 477.10

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

1. Total equity is used to calculate book value per share.

First Trust Energy Income & Growth Fund's Book Value Per Share for the quarter that ended in May. 2016 is

 Book Value per Share = (Total Shareholders Equity - Preferred Stock) / Total Shares Outstanding = (477.099 - 0) / 19.37 = 24.63

2. The ratio of a companys debt over equity can be used to measure how leveraged this company is.

First Trust Energy Income & Growth Fund's Debt to Equity Ratio for the quarter that ended in May. 2016 is

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (0 + 154.5) / 477.099 = 0.32

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

First Trust Energy Income & Growth Fund Annual Data

 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Total Equity 0.00 0.00 0.00 0.00 291.19 385.33 481.55 637.31 737.14 491.82

First Trust Energy Income & Growth Fund Semi-Annual Data

 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Total Equity 385.33 385.33 481.55 624.16 637.31 707.91 737.14 697.58 491.82 477.10
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