Western Asset Mortgage Defined Opportunity Fund (Western Asset Mortgage Defined Opportunity Fund) Debt-to-Equity

: 0.73 (As of Dec. 2023)

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Western Asset Mortgage Defined Opportunity Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Western Asset Mortgage Defined Opportunity Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $100.00 Mil. Western Asset Mortgage Defined Opportunity Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $137.17 Mil. Western Asset Mortgage Defined Opportunity Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.73.

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 Western Asset Mortgage Defined Opportunity Fund's Debt-to-Equity or its related term are showing as below:

DMO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.48 Max: 0.73
Current: 0.73

During the past 7 years, the highest Debt-to-Equity Ratio of Western Asset Mortgage Defined Opportunity Fund was 0.73. The lowest was 0.32. And the median was 0.48.

DMO's Debt-to-Equity is ranked worse than
82.24% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs DMO: 0.73

Western Asset Mortgage Defined Opportunity Fund Debt-to-Equity Historical Data

The historical data trend for Western Asset Mortgage Defined Opportunity 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.

Western Asset Mortgage Defined Opportunity Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.48

0.32

0.48

0.68

0.73

Western Asset Mortgage Defined Opportunity Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity									0.48	0.56	0.68	0.72	0.73

Competitive Comparison

For the Asset Management subindustry, Western Asset Mortgage Defined Opportunity 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.

Western Asset Mortgage Defined Opportunity Fund Debt-to-Equity Distribution

For the Asset Management industry and Financial Services sector, Western Asset Mortgage Defined Opportunity Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Western Asset Mortgage Defined Opportunity Fund's Debt-to-Equity falls into.

Western Asset Mortgage Defined Opportunity Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Asset Mortgage Defined Opportunity 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	+	100)	/	137.166
	=	0.73

Western Asset Mortgage Defined Opportunity 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	+	100)	/	137.166
	=	0.73

Western Asset Mortgage Defined Opportunity Fund (NYSE:DMO) 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.

Western Asset Mortgage Defined Opportunity Fund Debt-to-Equity Related Terms

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Western Asset Mortgage Defined Opportunity Fund (Western Asset Mortgage Defined Opportunity Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Mortgage Defined Opportunity Fund Inc (NYSE:DMO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018

Website

https://www.franklintempleton.com

Western Asset Mortgage Defined Opportunity Fund Inc is a non-diversified, limited-term, closed-end management investment company. The fund's primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing primarily in a diverse portfolio of mortgage-backed securities, consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.

Executives

Oliveira Marc De	officer: Secretary/Chief Legal Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Hoffmann Courtney A.	other: Secretary/GC Subadviser	WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Andrew J. Bowden	other: COO/Subadviser	WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
Brian Eakes	other: Manager/Investment Manager	100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen	officer: Chief Compliance Officer	LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Robert D Agdern	director	C/O LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Christopher Berarducci	officer: Treas/Principal Finan Officer	LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Daniel P Cronin	director	235 EAST 42ND ST, NEW YORK NY 10017
Nisha Kumar	director	1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Jennifer S Berg	officer: Treasurer	100 INTERNATIONAL DRIVE, 7TH FLOOR, BALTIMORE MD 21202