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Western Asset Global High Fd Return-on-Tangible-Equity

: -2.00% (As of Nov. 2021)
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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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: May. 2021 )  (A: May. 2020 )(A: May. 2021 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: May. 2021 )  (A: May. 2020 )(A: May. 2021 )
=59.643/( (427.519+241.863 )/ 2 )
=59.643/334.691
=17.82 %

Western Asset Global High Fd's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2021 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Nov. 2021 )  (Q: May. 2021 )(Q: Nov. 2021 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Nov. 2021 )  (Q: May. 2021 )(Q: Nov. 2021 )
=-4.72/( (241.863+230.379)/ 2 )
=-4.72/236.121
=-2.00 %

* 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 Fd Business Description

Western Asset Global High Fd logo
Industry
Financial Services » Asset Management NAICS : 523930 SIC : 6282
Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 49th Floor, New York, NY, USA, 10018
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.
Executives
Fergerson Laura F other: Manager/Investment Manager 3310 QUALITY DRIVE 2ND FLOOR RANCHO CORDOVA CA 95670
Eakes Brian other: Manager/Investment Manager 100 INTERNATIONAL DRIVE BALTIMORE MD 21202
Hoyt George P. officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Nicholls Matthew other: Director of Sub-Adviser ONE FRANKLIN PARKWAY SAN MATEO CA 94403
Bolt Jennifer J other: Director of Sub-Adviser C/O FRANKLIN RESOURCES, INC. ONE FRANKLIN PARKWAY SAN MATEO CA 94403-1906
Plafker Jed A. other: Director of Sub-Adviser ONE FRANKLIN PARKWAY SAN MATEO CA 94403
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE 58TH FLOOR NEW YORK NY 10174
Weinstein Boaz 10 percent owner 405 LEXINGTON AVENUE 58TH FLOOR NEW YORK NY 10174
Jensen Fred Steven officer: Chief Compliance Officer LEGG MASON 620 EIGHTH AVENUE, 49TH FLOOR NEW YORK NY 10018
Cronin Daniel P director 235 EAST 42ND ST NEW YORK NY 10017
Hutchinson William R director 535 N MICHIGAN STE 1012 CHICAGO IL 60611
Berarducci Christopher officer: Treas/Principal Finan Officer LEGG MASON 620 EIGHTH AVENUE NEW YORK NY 10018
Kumar Nisha director 1735 MARKET STREET 32ND FLOOR PHILADELPHIA PA 19103
Berg Jennifer S officer: Treasurer 100 INTERNATIONAL DRIVE 7TH FLOOR BALTIMORE MD 21202
Kuehl Todd F officer: Chief Compliance Officer 1555 PEACHTREE STREET NE ATLANTA 2Q 30309

Western Asset Global High Fd Headlines

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