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Duff & Phelps Utility & Infrastructure Fund (Duff & Phelps Utility & Infrastructure Fund) Debt-to-Equity : 0.33 (As of Oct. 2023)


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What is Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity?

Duff & Phelps Utility & Infrastructure Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Duff & Phelps Utility & Infrastructure Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $125.00 Mil. Duff & Phelps Utility & Infrastructure Fund's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $379.30 Mil. Duff & Phelps Utility & Infrastructure Fund's debt to equity for the quarter that ended in Oct. 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 Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity or its related term are showing as below:

DPG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24   Med: 0.28   Max: 0.33
Current: 0.33

During the past 7 years, the highest Debt-to-Equity Ratio of Duff & Phelps Utility & Infrastructure Fund was 0.33. The lowest was 0.24. And the median was 0.28.

DPG's Debt-to-Equity is ranked worse than
60.73% of 1016 companies
in the Asset Management industry
Industry Median: 0.195 vs DPG: 0.33

Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity Historical Data

The historical data trend for Duff & Phelps Utility & Infrastructure 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.

Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity Chart

Duff & Phelps Utility & Infrastructure Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Debt-to-Equity
Get a 7-Day Free Trial 0.26 0.28 0.32 0.33 0.33

Duff & Phelps Utility & Infrastructure Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.32 0.33 0.30 0.33

Competitive Comparison of Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity

For the Asset Management subindustry, Duff & Phelps Utility & Infrastructure 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.

Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity falls into.


Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Duff & Phelps Utility & Infrastructure Fund's Debt to Equity Ratio for the fiscal year that ended in Oct. 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 + 125) / 379.303
=0.33

Duff & Phelps Utility & Infrastructure Fund's Debt to Equity Ratio for the quarter that ended in Oct. 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 + 125) / 379.303
=0.33

* 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.

Duff & Phelps Utility & Infrastructure Fund  (NYSE:DPG) 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.

Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Duff & Phelps Utility & Infrastructure Fund (Duff & Phelps Utility & Infrastructure Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Duff & Phelps Utility & Infrastructure Fund Inc. (NYSE:DPG) » Definitions » Debt-to-Equity
Comparable Companies
BRW TYG SOR LEO SAR KIO PPT VKI DFP KMF BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
200 South Wacker Drive, Suite 500, Chicago, IL, USA, 60606
Website
https://www.dpimc.com
Duff & Phelps Utility & Infrastructure Fund Inc. is an investment fund. Its investment objective is to seek total return, resulting primarily from a high level of current income, with an emphasis on providing tax-advantaged dividend income.
Executives
Grumhaus David D Jr. other: Officer of the Adviser 200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Metlife Investment Management, Llc 10 percent owner ONE METLIFE WAY, WHIPPANY NJ 07981
Eric Elvekrog other: Officer of Adviser 200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Mareile B. Cusack director DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Kathleen Hegyi officer: CCO C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 SOUTH WACKER DRIVE, CHICAGO IL 60606
Ellen Lyerly Elberfeld other: Officer of Investment Adviser DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Nikita K Thaker officer: Vice President* C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Bradley William Patrick Iii other: Officer of Adviser C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
Jacqueline Porter officer: Vice President 100 PEARL STREET, HARTFORD CT 06103
Hoffman Clifford W. Jr. director C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 E. WACKER DR., CHICAGO IL 60606
David J Vitale director C/O DNP SELECT INCOME FUND INC., 55 EAST MONROE ST, CHICAGO IL 60603
Christian H Poindexter director C/O BALTIMORE GAS AND ELECTRIC COMPANY, P.O. BOX 1475, BALTIMORE MD 21203
Deborah A Jansen officer: Chief Investment Officer 55 E MONROE ST 36TH FLOOR, CHICAGO IL 60603
Daniel Petrisko officer: Assistant Secretary 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Metropolitan Life Insurance Co/ny 10 percent owner 200 PARK AVENUE, NEW YORK NY 10166