GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advent/claymore Enhanced Growth & Income (NYSE:LCM) » Definitions » Debt-to-Equity

Advent/claymore Enhanced Growth &ome (Advent/claymore Enhanced Growth &ome) Debt-to-Equity : 0.43 (As of Apr. 2018)


View and export this data going back to . Start your Free Trial

What is Advent/claymore Enhanced Growth &ome Debt-to-Equity?

Advent/claymore Enhanced Growth &ome's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2018 was $0.00 Mil. Advent/claymore Enhanced Growth &ome's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2018 was $35.12 Mil. Advent/claymore Enhanced Growth &ome's Total Stockholders Equity for the quarter that ended in Apr. 2018 was $81.84 Mil. Advent/claymore Enhanced Growth &ome's debt to equity for the quarter that ended in Apr. 2018 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 Advent/claymore Enhanced Growth &ome's Debt-to-Equity or its related term are showing as below:

LCM's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Advent/claymore Enhanced Growth &ome Debt-to-Equity Historical Data

The historical data trend for Advent/claymore Enhanced Growth &ome'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.

Advent/claymore Enhanced Growth &ome Debt-to-Equity Chart

Advent/claymore Enhanced Growth &ome Annual Data
Trend Oct17
Debt-to-Equity
0.40

Advent/claymore Enhanced Growth &ome Semi-Annual Data
Oct17 Apr18
Debt-to-Equity 0.40 0.43

Competitive Comparison of Advent/claymore Enhanced Growth &ome's Debt-to-Equity

For the Asset Management subindustry, Advent/claymore Enhanced Growth &ome'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.

Advent/claymore Enhanced Growth &ome's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent/claymore Enhanced Growth &ome's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Advent/claymore Enhanced Growth &ome's Debt-to-Equity falls into.


Advent/claymore Enhanced Growth &ome Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advent/claymore Enhanced Growth &ome's Debt to Equity Ratio for the fiscal year that ended in Oct. 2017 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 + 35.007) / 86.76
=0.40

Advent/claymore Enhanced Growth &ome's Debt to Equity Ratio for the quarter that ended in Apr. 2018 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 + 35.124) / 81.841
=0.43

* 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.

Advent/claymore Enhanced Growth &ome  (NYSE:LCM) 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.

Advent/claymore Enhanced Growth &ome Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Advent/claymore Enhanced Growth &ome's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Advent/claymore Enhanced Growth &ome (Advent/claymore Enhanced Growth &ome) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advent/claymore Enhanced Growth & Income (NYSE:LCM) » Definitions » Debt-to-Equity
Comparable Companies
LSE:TMT XMCE:REA BOM:521194 MUS:AAIT TSX:LFE OSTO:NAXS WAR:GKI LSE:MIX XKRX:214680 LSE:KAY LSE:AAVC TSX:FFI.UN LSE:ATI XCNQ:CPTR SVVC LSE:ASCI MUS:TFCI TSX:FFN LSE:ACD LSE:BSRT
Traded in Other Exchanges
N/A
Address
Website
https://www.guggenheiminvestments.com
Advent/claymore Enhanced Growth & Income is a diversified, closed-end management investment company. Its investment objective is to seek current income and current gains from trading in securities, with a objective of long-term capital appreciation.
Executives
Tony Huang officer: V.P. & Assistant Secretary 227 WEST MONROE STREET, CHICAGO IL 60606
Gerald L Seizert director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Andrew Dakos 10 percent owner 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Steven Samuels 10 percent owner 72 COLEYTOWN ROAD, WESTPORT CT 06882
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Tracy V Maitland director, officer: Chairman, CEO & President, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Doug Teresko other: Managing Director 1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020
Ronald Nyberg director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Edward C Delk officer: CCO & Secy 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Michael A Smart director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Robert Scott Schwartz officer: Chief Compliance Officer 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10002
Derek Medina director, other: Trustee ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123
Richard Rosen other: Portfolio Manager 2455 CORPORATE WEST DRIVE, LISLE IL 60532

Advent/claymore Enhanced Growth &ome (Advent/claymore Enhanced Growth &ome) Headlines

No Headlines