Flaherty & Crumrine Total Return Fund (Flaherty & Crumrine Total Return Fund) Debt-to-Asset : 0.41 (As of Nov. 2023)

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What is Flaherty & Crumrine Total Return Fund Debt-to-Asset?

Flaherty & Crumrine Total Return Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Flaherty & Crumrine Total Return Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $118.50 Mil. Flaherty & Crumrine Total Return Fund's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Nov. 2023 was $290.15 Mil. Flaherty & Crumrine Total Return Fund's debt to asset for the quarter that ended in Nov. 2023 was 0.41.

Flaherty & Crumrine Total Return Fund Debt-to-Asset Historical Data

The historical data trend for Flaherty & Crumrine Total Return Fund's Debt-to-Asset 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 Total Return Fund Debt-to-Asset Chart

Flaherty & Crumrine Total Return Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Asset

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0.33

0.34

0.40

0.41

Flaherty & Crumrine Total Return Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Asset	Get a 7-Day Free Trial								0.34	0.37	0.40	0.42	0.41

Competitive Comparison of Flaherty & Crumrine Total Return Fund's Debt-to-Asset

For the Asset Management subindustry, Flaherty & Crumrine Total Return Fund's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Total Return Fund's Debt-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Flaherty & Crumrine Total Return Fund's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Flaherty & Crumrine Total Return Fund's Debt-to-Asset falls into.

Flaherty & Crumrine Total Return Fund Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Flaherty & Crumrine Total Return Fund's Debt-to-Asset for the fiscal year that ended in Nov. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	118.5)	/	290.146
	=	0.41

Flaherty & Crumrine Total Return Fund's Debt-to-Asset for the quarter that ended in Nov. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	118.5)	/	290.146
	=	0.41

Flaherty & Crumrine Total Return Fund (NYSE:FLC) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Flaherty & Crumrine Total Return Fund Debt-to-Asset Related Terms

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Flaherty & Crumrine Total Return Fund (Flaherty & Crumrine Total Return Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flaherty & Crumrine Total Return Fund Inc (NYSE:FLC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101

Website

https://www.preferredincome.com

Flaherty & Crumrine Total Return Fund Inc is a diversified, closed-end investment management company. Its investment objective is to provide its common shareholders with a high current income. The fund's secondary investment objective is capital appreciation.

Executives

Robert F Wulf	director	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Karen Hanovice Hogan	director	301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Chad Conwell	officer: VP & Asst. Compliance Officer	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Bradford S Stone	officer: Vice President, Asst Treasurer	47 MAPLE ST. SUITE 403, SUMMIT NJ 07901
Robert M Ettinger	officer: President	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc.	10 percent owner	4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Merrill Lynch & Co., Inc.	10 percent owner	4 WORLD FINANCIAL CTR, NEW YORK NY 10080
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
Laurie C Lodolo	officer: Asst CCO, Asst Treas, Asst Sec	301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
Flaherty & Crumrine Inc	other: Investment Adviser	301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101
Peter C Stimes	officer: VP, CFO, Chief Accounting Off.	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Donald F Crumrine	director, officer: Chief Executive Officer	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert E Chadwick	officer: VP, Secretary, Asst. Treasurer	301 E COLORADO BLVD STE 720, PASADENA CA 91101