What is Flaherty & Crumrine Prfdome Oppo Liabilities-to-Assets?
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Flaherty & Crumrine Prfdome Oppo's Total Liabilities for the quarter that ended in Nov. 2023 was $81.27 Mil. Flaherty & Crumrine Prfdome Oppo's Total Assets for the quarter that ended in Nov. 2023 was $198.17 Mil.
Therefore, Flaherty & Crumrine Prfdome Oppo's Liabilities-to-Assets Ratio for the quarter that ended in Nov. 2023 was 0.41.
Flaherty & Crumrine Prfdome Oppo Liabilities-to-Assets Historical Data
* 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.
Competitive Comparison of Flaherty & Crumrine Prfdome Oppo's Liabilities-to-Assets
For the Asset Management subindustry, Flaherty & Crumrine Prfdome Oppo's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Prfdome Oppo's Liabilities-to-Assets Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Flaherty & Crumrine Prfdome Oppo's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Flaherty & Crumrine Prfdome Oppo's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
* 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.
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Flaherty & Crumrine Prfdome Oppo Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of Flaherty & Crumrine Prfdome Oppo's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Flaherty & Crumrine Prfd Income Oppo is the United States-based diversified, closed-end investment company. Its primary investment objective is to produce high current income consistent with the preservation of capital. The fund invests primarily in a diversified portfolio of preferred securities which includes traditional preferred stocks eligible for the inter-corporate dividends received a deduction and fully taxable preferred securities.
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