What is BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Net Debt Paydown Yield %?
Net Debt Paydown Yield % is a metric that evaluates the total amount of debt a company has paid in relation to its market capitalization. It is a measure of a company's willingness and ability to reduce its debt.
As of today, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Net Debt Paydown Yield % was 0.59%.
BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Net Debt Paydown Yield % 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.
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BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Net Debt Paydown Yield % Chart
BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Annual Data
* 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.
BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Net Debt Paydown Yield % Distribution in the Asset Management Industry
* 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.
* All the data are calculated by TTM values. Note that if a companies is traded in several exchanges, then we calculate the company level data for Net Debt Paydown Yield % using the primary share class stock data. The calculation result in definition page is for demonstration purpose only, and it's showing the share class level data. Therefore, the numbers in the calculation may differ from elsewhere if the stock is not a primary share.
BNY Mellon Alcentra Global Creditome 2024 Target Term Fund (NYSE:DCF) Net Debt Paydown Yield % Explanation
Net Debt Paydown Yield % is the change in average of four quarters of company's total debt over a company's market cap. Assuming the total value of a company remains that same, shareholder value is increased as debt is reduced. In other words, it is a measure of the willingness and ability of a firm's management to pay down debt. Companies that have high debt paydown yields indicate that they are more aggressive with paying down debt.
In the calculation of Net Debt Paydown Yield %, we use the reductions of TTM average total debt one-year-ago and TTM average total debt at present, divided by its Market Cap.
BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Net Debt Paydown Yield % Related Terms
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BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Business Description
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc is a diversified closed-end management investment company. Its investment objectives are to seek high current income and to return at least the Fund's original NAV to holders of record of common shares on or about the termination date.
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