Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Western Asset Global High Fd's annualized net income attributable to common stockholders for the quarter that ended in Nov. 2021 was $-4.72 Mil. Western Asset Global High Fd's average shareholder tangible equity for the quarter that ended in Nov. 2021 was $236.12 Mil. Therefore, Western Asset Global High Fd's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2021 was -2.00%.
The historical rank and industry rank for Western Asset Global High Fd's Return-on-Tangible-Equity or its related term are showing as below:
EHI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.29 Med: 3.3 Max: 17.82
Current: 3.52
During the past 4 years, Western Asset Global High Fd's highest Return-on-Tangible-Equity was 17.82%. The lowest was -0.29%. And the median was 3.30%.
EHI's Return-on-Tangible-Equity is ranked worse than 75.12% of 1692
companies
in the Asset Management industry
Industry Median: 11.95
vs EHI: 3.52
Western Asset Global High Fd Return-on-Tangible-Equity Historical Data
The historical data trend for Western Asset Global High Fd's Return-on-Tangible-Equity 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.
Western Asset Global High Fd Annual Data
Trend
May18
May19
May20
May21
Return-on-Tangible-Equity
0.35
6.25
-0.29
17.82
Western Asset Global High Fd Semi-Annual Data
Nov17
May18
Nov18
May19
Nov19
May20
Nov20
May21
Nov21
Return-on-Tangible-Equity
9.39
-10.36
29.31
8.89
-2.00
Competitive Comparison
For the Asset Management subindustry, Western Asset Global High Fd's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Western Asset Global High Fd Return-on-Tangible-Equity Distribution
For the Asset Management industry and Financial Services sector, Western Asset Global High Fd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Western Asset Global High Fd's Return-on-Tangible-Equity falls into.
Western Asset Global High Fd Return-on-Tangible-Equity Calculation
Western Asset Global High Fd's annualized Return-on-Tangible-Equity for the fiscal year that ended in May. 2021 is calculated as
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income attributable to common stockholders of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income attributable to common stockholders data used here is two times the semi-annual (Nov. 2021) net income attributable to common stockholders data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Western Asset Global High Fd (NYSE:EHI) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net income attributable to common stockholders is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Western Asset Global High Fd Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Western Asset Global High Fd's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Western Asset Global High Inc Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is high current income and total return by investing in a global portfolio of securities. The fund invests in various sectors such as Consumer Discretionary, Energy, Healthcare, Industrials, materials, and others.
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