The Gabelli Go Anywhere Trust (The Gabelli Go Anywhere Trust) Debt-to-Equity : 0.00 (As of Jun. 2021)

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What is The Gabelli Go Anywhere Trust Debt-to-Equity?

The Gabelli Go Anywhere Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $0.00 Mil. The Gabelli Go Anywhere Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $0.00 Mil. The Gabelli Go Anywhere Trust's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $38.35 Mil. The Gabelli Go Anywhere Trust's debt to equity for the quarter that ended in Jun. 2021 was 0.00.

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 The Gabelli Go Anywhere Trust's Debt-to-Equity or its related term are showing as below:

GGO's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.195
* Ranked among companies with meaningful Debt-to-Equity only.

The Gabelli Go Anywhere Trust Debt-to-Equity Historical Data

The historical data trend for The Gabelli Go Anywhere Trust'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.

The Gabelli Go Anywhere Trust Debt-to-Equity Chart

The Gabelli Go Anywhere Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

The Gabelli Go Anywhere Trust Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Debt-to-Equity	Get a 7-Day Free Trial					-	-	-	-	-

Competitive Comparison of The Gabelli Go Anywhere Trust's Debt-to-Equity

For the Asset Management subindustry, The Gabelli Go Anywhere Trust'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.

The Gabelli Go Anywhere Trust's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, The Gabelli Go Anywhere Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The Gabelli Go Anywhere Trust's Debt-to-Equity falls into.

The Gabelli Go Anywhere Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Gabelli Go Anywhere Trust's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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	+	0)	/	33.611
	=	0.00

The Gabelli Go Anywhere Trust's Debt to Equity Ratio for the quarter that ended in Jun. 2021 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	+	0)	/	38.353
	=	0.00

The Gabelli Go Anywhere Trust (AMEX:GGO) 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.

The Gabelli Go Anywhere Trust Debt-to-Equity Related Terms

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The Gabelli Go Anywhere Trust (The Gabelli Go Anywhere Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Gabelli Go Anywhere Trust (AMEX:GGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

The Gabelli Go Anywhere Trust is a non-diversified, closed-end investment management company. Its investment objective is total return, consisting of capital appreciation and current income. The Fund intends to invest primarily in a broad range of equity securities consisting of common stock, preferred stock, convertible or exchangeable securities, depositary receipts, and warrants & rights, under normal market conditions. The Fund invests in various sectors, of which U.S. Government Obligations, Financial Services, Cable & Satellite, Machinery, Healthcare, and Building & Construction sector account for majority weightage.

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