Highland Global Allocation Fund's quarterly market cap
declined
from Mar. 2023 ($203.26 Mil) to Sep. 2023 ($181.19 Mil) and
declined
from Sep. 2023 ($181.19 Mil) to Mar. 2024 ($174.83 Mil).
Highland Global Allocation Fund's annual market cap
declined
from Sep. 2021 ($200.61 Mil) to Sep. 2022 ($194.83 Mil) and
declined
from Sep. 2022 ($194.83 Mil) to Sep. 2023 ($181.19 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Highland Global Allocation Fund's Enterprise Value for Today is $169.07 Mil.
Highland Global Allocation Fund Market Cap 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 Highland Global Allocation Fund's Market Cap
For the Asset Management subindustry, Highland Global Allocation Fund's Market Cap, along with its competitors' market caps and Market Cap 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.
Highland Global Allocation Fund's Market Cap Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Highland Global Allocation Fund's Market Cap distribution charts can be found below:
* The bar in red indicates where Highland Global Allocation Fund's Market Cap falls into.
Highland Global Allocation Fund Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
* 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.
Highland Global Allocation Fund (NYSE:HGLB) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Highland Global Allocation Fund Market Cap Related Terms
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Highland Global Allocation Fund (Highland Global Allocation Fund) Business Description
Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt, and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.
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