New America Highome Fund (New America Highome Fund) Debt-to-Equity : 0.43 (As of Dec. 2023)

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What is New America Highome Fund Debt-to-Equity?

New America Highome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. New America Highome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $84.00 Mil. New America Highome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $193.78 Mil. New America Highome Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.43.

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 New America Highome Fund's Debt-to-Equity or its related term are showing as below:

HYB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.39 Max: 0.47
Current: 0.43

During the past 7 years, the highest Debt-to-Equity Ratio of New America Highome Fund was 0.47. The lowest was 0.37. And the median was 0.39.

HYB's Debt-to-Equity is ranked worse than
69.22% of 1020 companies
in the Asset Management industry
Industry Median: 0.19 vs HYB: 0.43

New America Highome Fund Debt-to-Equity Historical Data

The historical data trend for New America Highome 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.

New America Highome Fund Debt-to-Equity Chart

New America Highome Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.39

0.37

0.47

0.43

New America Highome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.37	0.47	0.47	0.46	0.43

Competitive Comparison of New America Highome Fund's Debt-to-Equity

For the Asset Management subindustry, New America Highome 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.

New America Highome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where New America Highome Fund's Debt-to-Equity falls into.

New America Highome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New America Highome Fund's Debt to Equity Ratio for the fiscal year that ended in Dec. 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	+	84)	/	193.779
	=	0.43

New America Highome Fund's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	84)	/	193.779
	=	0.43

New America Highome Fund (NYSE:HYB) 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.

New America Highome Fund Debt-to-Equity Related Terms

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New America Highome Fund (New America Highome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » New America High Income Fund Inc (NYSE:HYB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Broad Street, Boston, MA, USA, 02109

Website

http://www.newamerica-hyb.com

New America High Income Fund Inc is a diversified, closed?end management investment company. Its investment objective is to provide high current income while seeking to preserve stockholder capital by investing in a diversified portfolio of high-yield fixed-income securities. The fund invests primarily in fixed-maturity corporate debt securities that are rated less than the investment grade. Its portfolio of investment consists of investments in different sectors such as energy, financial, cable operators, healthcare, and others.

Executives

Luis M Viceira	director	THE NEW AMERICA HIGH INCOME FUND, INC., 33 BROAD STREET, BOSTON MA 02109
Marguerite A Piret	director	C/O NEWBURY PIRET AND CO., 200 STATE STREET 12TH FLOOR, BOSTON MA 02109
Joseph I Bower	director	32 WIGGINS AVENUE, BEDFORD MA 01730
Bernard J Korman	director	OMEGA HEALTHCARE INVESTORS INC, ANN ARBOR MI 48108
Ellen E Terry	officer: Vice President and Treasurer	33 BTROAD STREET, BOSTON MA 02109
Oleg M Pohotsky	director	C/O HAMBRECHT & QUIST CAPITAL MANAGEMENT, 2 LIBERTY SQUARE, 9TH FLOOR, BOSTON MA 02109
Stuart A Mcfarland	director	C/O FORTRESS INVESTMENT GROUP, 1345 AVE OF THE AMERICAS 46TH FL, NEW YORK NY 10105
Bank Of America Na	10 percent owner	100 N. TRYON STREET, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc.	10 percent owner	4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Merrill Lynch & Co., Inc.	10 percent owner	4 WORLD FINANCIAL CTR, NEW YORK NY 10080
Robert F Birch	director, officer: President	C/O HYPERION BROOKFIELD ASSET MANAGEMENT, THREE WORLD FINANCIAL CENTER, 200 VESEY STREET, 10TH FLOOR NY 10281-1010
Ernest E Monrad	director
Richard E Floor	director, officer: Secretary	C/O GOODWIN PROCTER LLP EXCHANGE PLACE, 26TH FLOOR, BOSTON MA 02109