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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. First Trust Energyome & Growth Fund's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.18.
First Trust Energyome & Growth Fund's long-term debt to total assets ratio declined from Nov. 2022 (0.19) to Nov. 2023 (0.18). It may suggest that First Trust Energyome & Growth Fund is progressively becoming less dependent on debt to grow their business.
The historical data trend for First Trust Energyome & Growth Fund's LT-Debt-to-Total-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.
First Trust Energyome & Growth Fund Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.25 | 0.19 | 0.21 | 0.19 | 0.18 |
First Trust Energyome & Growth Fund Semi-Annual Data | ||||||||||||||||||||
May14 | Nov14 | May15 | Nov15 | May16 | Nov16 | May17 | Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.21 | 0.19 | 0.19 | 0.20 | 0.18 |
First Trust Energyome & Growth Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as
LT Debt to Total Assets (A: Nov. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 ) | / | Total Assets (A: Nov. 2023 ) |
= | 77.2 | / | 428.369 | |
= | 0.18 |
First Trust Energyome & Growth Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as
LT Debt to Total Assets (Q: Nov. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 ) | / | Total Assets (Q: Nov. 2023 ) |
= | 77.2 | / | 428.369 | |
= | 0.18 |
* 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.
First Trust Energyome & Growth Fund (AMEX:FEN) LT-Debt-to-Total-Asset Explanation
LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Thank you for viewing the detailed overview of First Trust Energyome & Growth Fund's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Bronwyn Wright | director | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
M Keefe Denise | director | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Kelly Catherine Dehler | other: Officer-Investment Advisor | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Scott Michael Friske | other: Officer-Investment Advisor | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Nandita Hogan | other: Officer-Investment Sub-Advisor | ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880 |
John K Tysseland | other: Officer-Investment Sub-Advisor | ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVE., WESTPORT CT 06880 |
Shane Shannon | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Lisa Iantorno | other: Officer-Investment Sub-Advisor | ENERGY INCOME PARTNERS, 49 RIVERSIDE AVENUE, WESTPORT CT 06880 |
Donald Swade | officer: Assistant Treasurer | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Katherine L Urevig | officer: Assistant Treasurer | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
David Edward Scott | other: CCO - Investment Sub-Advisor | 98 MILL PLAIN ROAD, SUITE 4C, DANBURY CT 06811 |
Rosanne Gatta | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY STREET, SUITE 400, WHEATON IL 60187 |
Erin E Klassman | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, WHEATON IL 60187 |
Lynch Coleen D | officer: Assistant Vice President | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Kathleen Wieland Brown | other: Officer-Investment Adviser | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
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