BNY Mellon Municipalome, (BNY Mellon Municipalome,) Debt-to-Equity : 0.33 (As of Sep. 2023)

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What is BNY Mellon Municipalome, Debt-to-Equity?

BNY Mellon Municipalome,'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. BNY Mellon Municipalome,'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $47.13 Mil. BNY Mellon Municipalome,'s Total Stockholders Equity for the quarter that ended in Sep. 2023 was $141.65 Mil. BNY Mellon Municipalome,'s debt to equity for the quarter that ended in Sep. 2023 was 0.33.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for BNY Mellon Municipalome,'s Debt-to-Equity or its related term are showing as below:

DMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.34 Max: 0.44
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of BNY Mellon Municipalome, was 0.44. The lowest was 0.23. And the median was 0.34.

DMF's Debt-to-Equity is ranked worse than
60.59% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs DMF: 0.33

BNY Mellon Municipalome, Debt-to-Equity Historical Data

The historical data trend for BNY Mellon Municipalome,'s Debt-to-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.

BNY Mellon Municipalome, Debt-to-Equity Chart

BNY Mellon Municipalome, Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

0.44

0.38

0.35

0.40

0.33

BNY Mellon Municipalome, Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.35	0.34	0.40	0.31	0.33

Competitive Comparison of BNY Mellon Municipalome,'s Debt-to-Equity

For the Asset Management subindustry, BNY Mellon Municipalome,'s Debt-to-Equity, along with its competitors' market caps and Debt-to-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.

BNY Mellon Municipalome,'s Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BNY Mellon Municipalome,'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where BNY Mellon Municipalome,'s Debt-to-Equity falls into.

BNY Mellon Municipalome, Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BNY Mellon Municipalome,'s Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	47.127)	/	141.654
	=	0.33

BNY Mellon Municipalome,'s Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	47.127)	/	141.654
	=	0.33

BNY Mellon Municipalome, (AMEX:DMF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

BNY Mellon Municipalome, Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of BNY Mellon Municipalome,'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

BNY Mellon Municipalome, (BNY Mellon Municipalome,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNY Mellon Municipal Income, Inc. (AMEX:DMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o BNY Mellon Investment Adviser, Inc., 240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellonim.com

BNY Mellon Municipal Income, Inc. is a non-diversified closed-end management investment company. Its investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The fund invests in municipal obligations that are rated investment grade and have maturities of less than one year. The company targets to invest in the sector such as education, pre-refunded muni, utility, transportation, healthcare, special tax, state/territory general obligations, industry revenue, and pollution control.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Bushra Mannan	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Irene Papadoulis	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Ping Jiang	other: Dir. of Invest. Oversight (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
Joseph Martella	officer: VP	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288
Daniel Goldstein	officer: VP	240 GREENWICH STREET, NEW YORK NY 10286
Insight North America Llc	other: Sub-Adviser	200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166-0005
Robert J. Pomeroy	officer: VP; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Tamara Belinfanti	other: Advisory Board Member	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John Squillace	other: CCO; Investment Adviser	240 GREENWICH STREET, NEW YORK NY 10286
Gregory Pasquale	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Kenneth J. Bradle	other: Director of Advisor	240 GREENWICH STREET, NEW YORK NY 10286
Amanda Quinn	officer: VP and Asst Secretary	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286

BNY Mellon Municipalome, (BNY Mellon Municipalome,) Headlines

From GuruFocus

UBS Group AG's Recent Transaction in BNY Mellon Municipal Income, Inc.

By GuruFocus Research • 07-14-2023