DNP Selectome Fund (DNP Selectome Fund) Debt-to-Equity : 0.36 (As of Oct. 2023)

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What is DNP Selectome Fund Debt-to-Equity?

DNP Selectome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. DNP Selectome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $972.34 Mil. DNP Selectome Fund's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $2,684.32 Mil. DNP Selectome Fund's debt to equity for the quarter that ended in Oct. 2023 was 0.36.

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 DNP Selectome Fund's Debt-to-Equity or its related term are showing as below:

DNP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.26 Max: 0.36
Current: 0.36

During the past 7 years, the highest Debt-to-Equity Ratio of DNP Selectome Fund was 0.36. The lowest was 0.22. And the median was 0.26.

DNP's Debt-to-Equity is ranked worse than
63.24% of 1020 companies
in the Asset Management industry
Industry Median: 0.19 vs DNP: 0.36

DNP Selectome Fund Debt-to-Equity Historical Data

The historical data trend for DNP Selectome Fund'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.

DNP Selectome Fund Debt-to-Equity Chart

DNP Selectome Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.22

0.26

0.28

0.29

0.36

DNP Selectome Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial								0.28	0.26	0.29	0.28	0.36

Competitive Comparison of DNP Selectome Fund's Debt-to-Equity

For the Asset Management subindustry, DNP Selectome Fund'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.

DNP Selectome Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, DNP Selectome Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where DNP Selectome Fund's Debt-to-Equity falls into.

DNP Selectome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DNP Selectome Fund's Debt to Equity Ratio for the fiscal year that ended in Oct. 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	+	972.343)	/	2684.32
	=	0.36

DNP Selectome Fund's Debt to Equity Ratio for the quarter that ended in Oct. 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	+	972.343)	/	2684.32
	=	0.36

DNP Selectome Fund (NYSE:DNP) 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.

DNP Selectome Fund Debt-to-Equity Related Terms

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

DNP Selectome Fund (DNP Selectome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DNP Select Income Fund Inc (NYSE:DNP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 South Wacker Drive, Suite 1900, Chicago, IL, USA, 60606

Website

https://www.dpimc.com

DNP Select Income Fund Inc is a closed-ended investment management fund. The primary investment objectives of the fund are current income and long-term growth of income. Its secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing in the public utility industry.

Executives

Daniel Petrisko	officer: VP and Asst. Secy.	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Grumhaus David D Jr.	other: Officer of the Adviser	200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Luecke Connie M	other: Officer of the Adviser	55 E MONROE ST SUITE 3600, CHICAGO IL 60603
Kyle P. West	other: Portfolio Manager	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 S. WACKER DR., SUITE 500, CHICAGO IL 60606
Mareile B. Cusack	director	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Timothy P. Riordan	officer: Vice President	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Kathleen Hegyi	officer: CCO	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 SOUTH WACKER DRIVE, CHICAGO IL 60606
David J Vitale	director	C/O DNP SELECT INCOME FUND INC., 55 EAST MONROE ST, CHICAGO IL 60603
Robert J Genetski	director	195 N. HARBOR DR, SUITE 4903, CHICAGO IL 60601
Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
Hoffman Clifford W. Jr.	director	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 E. WACKER DR., CHICAGO IL 60606
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Voya Financial, Inc.	10 percent owner	230 PARK AVENUE, NEW YORK NY 10169
Lion Connecticut Holdings Inc.	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095
Ing Life Insurance & Annuity Co	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095-4774