Advent Claymore Convertible Securities &ome Fu (Advent Claymore Convertible Securities &ome Fu) Debt-to-Equity : 0.41 (As of Apr. 2018)

View and export this data going back to . Start your Free Trial

What is Advent Claymore Convertible Securities &ome Fu Debt-to-Equity?

Advent Claymore Convertible Securities &ome Fu's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2018 was $0.00 Mil. Advent Claymore Convertible Securities &ome Fu's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2018 was $70.23 Mil. Advent Claymore Convertible Securities &ome Fu's Total Stockholders Equity for the quarter that ended in Apr. 2018 was $172.96 Mil. Advent Claymore Convertible Securities &ome Fu's debt to equity for the quarter that ended in Apr. 2018 was 0.41.

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 Advent Claymore Convertible Securities &ome Fu's Debt-to-Equity or its related term are showing as below:

AGC's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Advent Claymore Convertible Securities &ome Fu Debt-to-Equity Historical Data

The historical data trend for Advent Claymore Convertible Securities &ome Fu'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.

Advent Claymore Convertible Securities &ome Fu Debt-to-Equity Chart

Advent Claymore Convertible Securities &ome Fu Annual Data

Trend

Oct17

Debt-to-Equity

0.44

Advent Claymore Convertible Securities &ome Fu Semi-Annual Data
	Oct17	Apr18
Debt-to-Equity	0.44	0.41

Competitive Comparison of Advent Claymore Convertible Securities &ome Fu's Debt-to-Equity

For the Asset Management subindustry, Advent Claymore Convertible Securities &ome Fu'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.

Advent Claymore Convertible Securities &ome Fu's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent Claymore Convertible Securities &ome Fu's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Advent Claymore Convertible Securities &ome Fu's Debt-to-Equity falls into.

Advent Claymore Convertible Securities &ome Fu Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advent Claymore Convertible Securities &ome Fu's Debt to Equity Ratio for the fiscal year that ended in Oct. 2017 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	+	80.007)	/	184.077
	=	0.43

Advent Claymore Convertible Securities &ome Fu's Debt to Equity Ratio for the quarter that ended in Apr. 2018 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	+	70.228)	/	172.963
	=	0.41

Advent Claymore Convertible Securities &ome Fu (NYSE:AGC) 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.

Advent Claymore Convertible Securities &ome Fu Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Advent Claymore Convertible Securities &ome Fu's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Advent Claymore Convertible Securities &ome Fu (Advent Claymore Convertible Securities &ome Fu) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advent Claymore Convertible Securities & Income Fu (NYSE:AGC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.guggenheiminvestments.com

Advent Claymore Convertible Securities & Income Fund of Benefical Interest, formerly known as Advent/claymore Gl Convrtbl Sec & Inc Fd is a diversified, closed-end management investment company. Its investment objective is to provide total return, through a combination of capital appreciation and current income.

Executives

Advent Capital Management /de/	other: Investment Manager	888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK NY 10019
Tracy V Maitland	director, officer: Chairman, President & CEO, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Tony Huang	officer: V.P. & Assistant Secretary	227 WEST MONROE STREET, CHICAGO IL 60606
Gerald L Seizert	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Daniel Black	director, other: Trustee	C/O ADVENT CAPITAL MANAGEMENT, LLC, 1065 AVENUE OF THE AMERICAS, 31ST FLOOR, NEW YORK NY 10018
Paul Latronica	other: Portfolio Manager	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Randall C Barnes	director, other: Trustee	2455 CORPORATE WEST DRIVE, LISLE IL 60187
Ronald Nyberg	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Hart Woodson	other: Portfolio Manager	2455 CORPORATE WEST DRIVE LISLE IL 60532
Michael A Smart	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Doug Teresko	other: Managing Director	1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020
Citigroup Inc	10 percent owner	388 GREENWICH STREET, NEW YORK NY 10013
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036