BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Debt-to-Equity : 0.38 (As of Feb. 2024)

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What is BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Debt-to-Equity?

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $49.89 Mil. BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $132.68 Mil. BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's debt to equity for the quarter that ended in Feb. 2024 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.

The historical rank and industry rank for BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Debt-to-Equity or its related term are showing as below:

DCF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.42 Max: 0.46
Current: 0.38

During the past 6 years, the highest Debt-to-Equity Ratio of BNY Mellon Alcentra Global Creditome 2024 Target Term Fund was 0.46. The lowest was 0.38. And the median was 0.42.

DCF's Debt-to-Equity is ranked worse than
65.88% of 1020 companies
in the Asset Management industry
Industry Median: 0.19 vs DCF: 0.38

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Debt-to-Equity Historical Data

The historical data trend for BNY Mellon Alcentra Global Creditome 2024 Target Term 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.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Debt-to-Equity Chart

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.44

0.39

0.41

0.46

0.40

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Semi-Annual Data
	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial						0.43	0.46	0.39	0.40	0.38

Competitive Comparison of BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Debt-to-Equity

For the Asset Management subindustry, BNY Mellon Alcentra Global Creditome 2024 Target Term 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.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Debt-to-Equity falls into.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Debt to Equity Ratio for the fiscal year that ended in Aug. 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	+	48.917)	/	123.539
	=	0.40

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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	+	49.89)	/	132.683
	=	0.38

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund (NYSE:DCF) 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.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc (NYSE:DCF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o BNY Mellon Investment Adviser, Inc., 240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellonim.com

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc is a diversified closed-end management investment company. Its investment objectives are to seek high current income and to return at least the Fund's original NAV to holders of record of common shares on or about the termination date.

Executives

Bushra Mannan	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Irene Papadoulis	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Ping Jiang	other: Dir. of Invest. Oversight (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Bradley J Skapyak	officer: President	200 PARK AVENUE, NEW YORK NY 10166
Joseph Martella	officer: VP	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288
Daniel Goldstein	officer: VP	240 GREENWICH STREET, NEW YORK NY 10286
Robert J. Pomeroy	officer: VP; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Vinay Patel	other: Head of Finance of Sub-Adviser	200 PARK AVE, NEW YORK CITY NY 10166
Alcentra Ny, Llc	other: Sub-Adviser	200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166
Brandon Chao	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Laurence Raven	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Ross Curran	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Cathy Bevan	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Daire Wheeler	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Eric Larsson	other: Portfolio Mgr of Sub-Adviser	C/O ALCENTRA NY LLC, 200 PARK AVENUE, NEW YORK CITY NY 10166