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Kayne Anderson Energy Development Co  (NYSE:KED) Debt-to-Equity: 0.38 (As of May. 2017)

Kayne Anderson Energy Development Co's Current Portion of Long-Term Debt for the quarter that ended in May. 2017 was $0.00 Mil. Kayne Anderson Energy Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2017 was $75.00 Mil. Kayne Anderson Energy Development Co's Total Equity for the quarter that ended in May. 2017 was $198.28 Mil. Kayne Anderson Energy Development Co's debt to equity for the quarter that ended in May. 2017 was 0.38.

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.

NYSE:KED' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23   Max: 0.38
Current: 0.38

0.23
0.38

During the past 10 years, the highest Debt-to-Equity Ratio of Kayne Anderson Energy Development Co was 0.38. The lowest was 0.23. And the median was 0.33.

NYSE:KED's Debt-to-Equity is ranked lower than
62% of the 697 Companies
in the Global industry.

( Industry Median: 0.20 vs. NYSE:KED: 0.38 )

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Kayne Anderson Energy Development Co Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.27 0.33 0.36 0.38

Kayne Anderson Energy Development Co Semi-Annual Data

May07 Nov07 May08 Nov08 May09 Nov09 May10 Nov10 May11 Nov11 May12 Nov12 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.36 0.35 0.38 0.38

Competitive Comparison
* 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.


Calculation

Debt to Equity measures the financial leverage a company has.

Kayne Anderson Energy Development Co's Debt to Equity Ratio for the fiscal year that ended in Nov. 2016 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / Total Equity
=(0 + 78) / 204.835
=0.38

Kayne Anderson Energy Development Co's Debt to Equity Ratio for the quarter that ended in May. 2017 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / Total Equity
=(0 + 75) / 198.279
=0.38

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt & Capital Lease Obligation divided by Total 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.


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