RiverNorth Opportunistic Municipalome Fund, (RiverNorth Opportunistic Municipalome Fund,) Debt-to-Equity : 0.62 (As of Dec. 2023)

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What is RiverNorth Opportunistic Municipalome Fund, Debt-to-Equity?

RiverNorth Opportunistic Municipalome Fund,'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. RiverNorth Opportunistic Municipalome Fund,'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $68.29 Mil. RiverNorth Opportunistic Municipalome Fund,'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was $109.54 Mil. RiverNorth Opportunistic Municipalome Fund,'s debt to equity for the quarter that ended in Dec. 2023 was 0.62.

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 RiverNorth Opportunistic Municipalome Fund,'s Debt-to-Equity or its related term are showing as below:

RMI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.59 Max: 0.8
Current: 0.62

During the past 5 years, the highest Debt-to-Equity Ratio of RiverNorth Opportunistic Municipalome Fund, was 0.80. The lowest was 0.41. And the median was 0.59.

RMI's Debt-to-Equity is ranked worse than
78.86% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs RMI: 0.62

RiverNorth Opportunistic Municipalome Fund, Debt-to-Equity Historical Data

The historical data trend for RiverNorth Opportunistic Municipalome 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.

RiverNorth Opportunistic Municipalome Fund, Debt-to-Equity Chart

RiverNorth Opportunistic Municipalome Fund, Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.54

0.48

0.44

0.80

0.67

RiverNorth Opportunistic Municipalome Fund, Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.48	0.80	0.75	0.67	0.62

Competitive Comparison of RiverNorth Opportunistic Municipalome Fund,'s Debt-to-Equity

For the Asset Management subindustry, RiverNorth Opportunistic Municipalome 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.

RiverNorth Opportunistic Municipalome Fund,'s Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth Opportunistic Municipalome Fund,'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where RiverNorth Opportunistic Municipalome Fund,'s Debt-to-Equity falls into.

RiverNorth Opportunistic Municipalome Fund, Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RiverNorth Opportunistic Municipalome Fund,'s Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	73.425)	/	109.35
	=	0.67

RiverNorth Opportunistic Municipalome Fund,'s Debt to Equity Ratio for the quarter that ended in Dec. 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	+	68.29)	/	109.539
	=	0.62

RiverNorth Opportunistic Municipalome Fund, (NYSE:RMI) 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.

RiverNorth Opportunistic Municipalome Fund, Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of RiverNorth Opportunistic Municipalome Fund,'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

RiverNorth Opportunistic Municipalome Fund, (RiverNorth Opportunistic Municipalome Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com

RiverNorth Opportunistic Municipal Income Fund, Inc. is a diversified, closed-end management investment company. Its investment objective is to seek current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.

Executives

Stephen Andrew O'neill	other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Scott Sprauer	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John J Lawlor	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert A Dimella	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Brian H Schmucker	other: Officer of Investment Adviser	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Rivernorth Capital Management, Llc	other: Investment Adviser	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Michael Petty	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
David Dowden	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
Mackay Shields Llc	other: Sub-Adviser	1345 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10105
Jonathan M. Mohrhardt	other: Treasurer	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Marcus L Collins	other: Secretary and CCO	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Robert Patrick Burke	other: Portfolio Manager	C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105

RiverNorth Opportunistic Municipalome Fund, (RiverNorth Opportunistic Municipalome Fund,) Headlines

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