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GuruFocus has detected 4 Warning Signs with First Trust Energy Income & Growth Fund \$FEN.
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First Trust Energy Income & Growth Fund (AMEX:FEN)
Debt-to-Equity
0.36 (As of Nov. 2016)

First Trust Energy Income & Growth Fund's current portion of long-term debt for the quarter that ended in Nov. 2016 was \$0.00 Mil. First Trust Energy Income & Growth Fund's long-term debt for the quarter that ended in Nov. 2016 was \$174.50 Mil. First Trust Energy Income & Growth Fund's total equity for the quarter that ended in Nov. 2016 was \$489.74 Mil. First Trust Energy Income & Growth Fund's debt to equity for the quarter that ended in Nov. 2016 was 0.36.

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.

Definition

Debt to Equity measures the financial leverage a company has.

First Trust Energy Income & Growth Fund's Debt to Equity Ratio for the fiscal year that ended in Nov. 2016 is calculated as

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (0 + 174.5) / 489.743 = 0.36

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

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (0 + 174.5) / 489.743 = 0.36

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

Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt divided by Total Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

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

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 Nov16 deb2equity 0.00 0.00 0.00 0.31 0.36 0.35 0.32 0.34 0.37 0.36

First Trust Energy Income & Growth Fund Semi-Annual Data

 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 deb2equity 0.36 0.35 0.34 0.32 0.29 0.34 0.35 0.37 0.32 0.36
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