abrdn Asia-Pacificome Fund VCC (TSX:FAP) Debt-to-Equity : 0.43 (As of Oct. 2023)

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What is abrdn Asia-Pacificome Fund VCC Debt-to-Equity?

abrdn Asia-Pacificome Fund VCC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$0.00 Mil. abrdn Asia-Pacificome Fund VCC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$54.97 Mil. abrdn Asia-Pacificome Fund VCC's Total Stockholders Equity for the quarter that ended in Oct. 2023 was C$126.59 Mil. abrdn Asia-Pacificome Fund VCC's debt to equity for the quarter that ended in Oct. 2023 was 0.43.

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 abrdn Asia-Pacificome Fund VCC's Debt-to-Equity or its related term are showing as below:

TSX:FAP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.41 Max: 0.44
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of abrdn Asia-Pacificome Fund VCC was 0.44. The lowest was 0.34. And the median was 0.41.

TSX:FAP's Debt-to-Equity is ranked worse than
68.83% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs TSX:FAP: 0.43

abrdn Asia-Pacificome Fund VCC Debt-to-Equity Historical Data

The historical data trend for abrdn Asia-Pacificome Fund VCC'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.

abrdn Asia-Pacificome Fund VCC Debt-to-Equity Chart

abrdn Asia-Pacificome Fund VCC Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.42

0.34

0.40

0.44

0.43

abrdn Asia-Pacificome Fund VCC Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.40	N/A	0.44	0.42	0.43

Competitive Comparison of abrdn Asia-Pacificome Fund VCC's Debt-to-Equity

For the Asset Management subindustry, abrdn Asia-Pacificome Fund VCC'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.

abrdn Asia-Pacificome Fund VCC's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, abrdn Asia-Pacificome Fund VCC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where abrdn Asia-Pacificome Fund VCC's Debt-to-Equity falls into.

abrdn Asia-Pacificome Fund VCC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

abrdn Asia-Pacificome Fund VCC'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	+	54.973)	/	126.594
	=	0.43

abrdn Asia-Pacificome Fund VCC'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	+	54.973)	/	126.594
	=	0.43

abrdn Asia-Pacificome Fund VCC (TSX:FAP) 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.

abrdn Asia-Pacificome Fund VCC Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of abrdn Asia-Pacificome Fund VCC's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

abrdn Asia-Pacificome Fund VCC (TSX:FAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Asia-Pacific Income Fund VCC (TSX:FAP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Church Street, Number 01-01 Capital Square 2, Singapore, SGP, 049480

Website

http://www.aberdeenfap.com

Aberdeen Asia-Pacific Income Investment Co Ltd is a closed-ended investment company. Its investment objective is to obtain current income and may also achieve incidental capital appreciation. The Company seeks to obtain these objectives primarily from investment in long-term debt securities.

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