ClearBridge Energy Midstream Opportunity Fund (ClearBridge Energy Midstream Opportunity Fund) Debt-to-Equity

: 0.33 (As of Nov. 2023)

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ClearBridge Energy Midstream Opportunity Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. ClearBridge Energy Midstream Opportunity Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $165.29 Mil. ClearBridge Energy Midstream Opportunity Fund's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $495.50 Mil. ClearBridge Energy Midstream Opportunity Fund's debt to equity for the quarter that ended in Nov. 2023 was 0.33.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for ClearBridge Energy Midstream Opportunity Fund's Debt-to-Equity or its related term are showing as below:

EMO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.35 Max: 0.47
Current: 0.33

During the past 7 years, the highest Debt-to-Equity Ratio of ClearBridge Energy Midstream Opportunity Fund was 0.47. The lowest was 0.23. And the median was 0.35.

EMO's Debt-to-Equity is ranked worse than
60.82% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs EMO: 0.33

ClearBridge Energy Midstream Opportunity Fund Debt-to-Equity Historical Data

The historical data trend for ClearBridge Energy Midstream Opportunity Fund's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ClearBridge Energy Midstream Opportunity Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.44

0.23

0.35

0.33

ClearBridge Energy Midstream Opportunity Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial								0.35	0.35	0.33	0.38	0.33

Competitive Comparison

For the Asset Management subindustry, ClearBridge Energy Midstream Opportunity Fund's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ClearBridge Energy Midstream Opportunity Fund Debt-to-Equity Distribution

For the Asset Management industry and Financial Services sector, ClearBridge Energy Midstream Opportunity Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ClearBridge Energy Midstream Opportunity Fund's Debt-to-Equity falls into.

ClearBridge Energy Midstream Opportunity Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ClearBridge Energy Midstream Opportunity Fund's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	165.285)	/	495.5
	=	0.33

ClearBridge Energy Midstream Opportunity Fund's Debt to Equity Ratio for the quarter that ended in Nov. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	165.285)	/	495.5
	=	0.33

ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

ClearBridge Energy Midstream Opportunity Fund Debt-to-Equity Related Terms

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ClearBridge Energy Midstream Opportunity Fund (ClearBridge Energy Midstream Opportunity Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018

Website

https://www.franklintempleton.com

ClearBridge Energy Midstream Opportunity Fund Inc is a non-diversified, closed-end management investment company. Its investment objective is to provide long-term investors with a high level of total return with an emphasis on cash distributions.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Variable Annuity Life Insurance Co /tx/	other: See Remarks	2929 ALLEN PARKWAY A28-40, HOUSTON TX 77019-2155
Oliveira Marc De	officer: Secretary/Chief Legal Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Jasna Dolgov	other: General Counsel/Subadviser	CLEARBRIDGE INVESTMENTS, 620 EIGHTH AVENUE, NEW YORK NY 10018
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
Prudential Insurance Co Of America	10 percent owner	751 BROAD STREET, NEWARK NJ 07102
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Carol L Colman	director	278 HAWLEY RD, NORTH SALEM NY 10560
Chris Eades	other: Portfolio Manager	620 EIGHTH AVENUE, 48TH FLOOR, NEW YORK NY 10018
Terrence Murphy	other: CEO of Subadviser	CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Gwen L Shaneyfelt	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906