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Flaherty & Crumrine Preferred andome Securities Fundorporated Debt-to-Equity : 0.69 (As of Nov. 2023)


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What is Flaherty & Crumrine Preferred andome Securities Fundorporated Debt-to-Equity?

Flaherty & Crumrine Preferred andome Securities Fundorporated's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Flaherty & Crumrine Preferred andome Securities Fundorporated's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $502.00 Mil. Flaherty & Crumrine Preferred andome Securities Fundorporated's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $731.28 Mil. Flaherty & Crumrine Preferred andome Securities Fundorporated's debt to equity for the quarter that ended in Nov. 2023 was 0.69.

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 Flaherty & Crumrine Preferred andome Securities Fundorporated's Debt-to-Equity or its related term are showing as below:

FFC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49   Med: 0.51   Max: 0.69
Current: 0.69

During the past 7 years, the highest Debt-to-Equity Ratio of Flaherty & Crumrine Preferred andome Securities Fundorporated was 0.69. The lowest was 0.49. And the median was 0.51.

FFC's Debt-to-Equity is ranked worse than
80.84% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs FFC: 0.69

Flaherty & Crumrine Preferred andome Securities Fundorporated Debt-to-Equity Historical Data

The historical data trend for Flaherty & Crumrine Preferred andome Securities Fundorporated'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.

Flaherty & Crumrine Preferred andome Securities Fundorporated Debt-to-Equity Chart

Flaherty & Crumrine Preferred andome Securities Fundorporated Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Debt-to-Equity
Get a 7-Day Free Trial 0.50 0.49 0.51 0.65 0.69

Flaherty & Crumrine Preferred andome Securities Fundorporated 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.59 0.65 0.71 0.69

Competitive Comparison of Flaherty & Crumrine Preferred andome Securities Fundorporated's Debt-to-Equity

For the Asset Management subindustry, Flaherty & Crumrine Preferred andome Securities Fundorporated'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.


Flaherty & Crumrine Preferred andome Securities Fundorporated's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Flaherty & Crumrine Preferred andome Securities Fundorporated's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Flaherty & Crumrine Preferred andome Securities Fundorporated's Debt-to-Equity falls into.



Flaherty & Crumrine Preferred andome Securities Fundorporated Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Flaherty & Crumrine Preferred andome Securities Fundorporated's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Flaherty & Crumrine Preferred andome Securities Fundorporated's Debt to Equity Ratio for the quarter that ended in Nov. 2023 is calculated as

* 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.


Flaherty & Crumrine Preferred andome Securities Fundorporated  (NYSE:FFC) 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.


Flaherty & Crumrine Preferred andome Securities Fundorporated Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Flaherty & Crumrine Preferred andome Securities Fundorporated's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Flaherty & Crumrine Preferred andome Securities Fundorporated Business Description

Traded in Other Exchanges
N/A
Address
301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101
Flaherty & Crumrine Preferred and Income Securities Fund Incorporated is a diversified, closed-end management investment company. The fund's investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It invests primarily in a diversified portfolio of preferred securities.
Executives
Robert F Wulf director 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Chad Conwell officer: VP & Asst. Compliance Officer 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Robert M Ettinger officer: President 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Karen Hanovice Hogan director 301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc. 10 percent owner 4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Stanley Morgan 10 percent owner 1585 BROADWAY, NEW YORK NY 10036
Christopher Douglas Ryan officer: Vice President 310 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Robert E Chadwick officer: CFO, VP, Treasurer & Secretary 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Laurie C Lodolo officer: Asst CCO, Asst Treas, Asst Sec 301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
Donald F Crumrine director, officer: Chairman, CEO 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Peter C Stimes officer: VP,CFO,Chief Acct Of,Treasurer 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Martin Brody director C/O HMK ASSOCIATES, 30 COLUMBIA TURNPIKE, FLORHAM PARK NJ 07932
Flaherty & Crumrine Inc other: Investment Adviser 301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101