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Kayne Anderson Energy Development Company (NYSE:KED)
Debt to Equity
0.30 (As of Feb. 2012)

Kayne Anderson Energy Development Company's current portion of long-term debt for the quarter that ended in Feb. 2012 was $0.00 Mil. Kayne Anderson Energy Development Company's long-term debt for the quarter that ended in Feb. 2012 was $77.00 Mil. Kayne Anderson Energy Development Company's total equity for the quarter that ended in Feb. 2012 was $254.20 Mil. Kayne Anderson Energy Development Company's debt to equity for the quarter that ended in Feb. 2012 was 0.30.

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.

Kayne Anderson Energy Development Company's Debt to Equity Ratio for the fiscal year that ended in Nov. 2011 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(0 + 77) / 238.03
=0.32

Kayne Anderson Energy Development Company's Debt to Equity Ratio for the quarter that ended in Feb. 2012 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(0 + 77) / 254.202
=0.30

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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

Current Portion of Long-Term Debt, Long-Term Debt, Total Equity, Return on Equity


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Kayne Anderson Energy Development Company Annual Data

Nov07Nov08Nov09Nov10Nov11
deb2equity 0.000.000.000.000.000.000.350.330.270.32

Kayne Anderson Energy Development Company Quarterly Data

Nov09Feb10May10Aug10Nov10Feb11May11Aug11Nov11Feb12
deb2equity 0.330.350.300.270.270.250.290.310.320.30
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