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EV Floating-Rateome Plus Fund (EV Floating-Rateome Plus Fund) Debt-to-Equity : 0.40 (As of Nov. 2020)


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What is EV Floating-Rateome Plus Fund Debt-to-Equity?

EV Floating-Rateome Plus Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2020 was $0.00 Mil. EV Floating-Rateome Plus Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2020 was $49.00 Mil. EV Floating-Rateome Plus Fund's Total Stockholders Equity for the quarter that ended in Nov. 2020 was $123.14 Mil. EV Floating-Rateome Plus Fund's debt to equity for the quarter that ended in Nov. 2020 was 0.40.

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 EV Floating-Rateome Plus Fund's Debt-to-Equity or its related term are showing as below:

EFF'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.

EV Floating-Rateome Plus Fund Debt-to-Equity Historical Data

The historical data trend for EV Floating-Rateome Plus 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.

EV Floating-Rateome Plus Fund Debt-to-Equity Chart

EV Floating-Rateome Plus Fund Annual Data
Trend May18 May19 May20
Debt-to-Equity
0.43 0.41 0.34

EV Floating-Rateome Plus Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20
Debt-to-Equity Get a 7-Day Free Trial 0.41 0.41 0.40 0.34 0.40

Competitive Comparison of EV Floating-Rateome Plus Fund's Debt-to-Equity

For the Asset Management subindustry, EV Floating-Rateome Plus 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.

EV Floating-Rateome Plus Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, EV Floating-Rateome Plus Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where EV Floating-Rateome Plus Fund's Debt-to-Equity falls into.


EV Floating-Rateome Plus Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EV Floating-Rateome Plus Fund's Debt to Equity Ratio for the fiscal year that ended in May. 2020 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 + 38.5) / 114.083
=0.34

EV Floating-Rateome Plus Fund's Debt to Equity Ratio for the quarter that ended in Nov. 2020 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) / 123.144
=0.40

* 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.

EV Floating-Rateome Plus Fund  (NYSE:EFF) 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.

EV Floating-Rateome Plus Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of EV Floating-Rateome Plus Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

EV Floating-Rateome Plus Fund (EV Floating-Rateome Plus Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » EV Floating-Rate Income Plus Fund (NYSE:EFF) » Definitions » Debt-to-Equity
Comparable Companies
BOM:503681 BOM:526251 BOM:532164 BOM:511185 BOM:512064 BOM:540386 WAR:VCP TSXV:PPK WAR:PMF WAR:WBY TSXV:FSC.H BOM:511507 BOM:512020 BOM:530055 XKRX:276920 WAR:TLH BOM:531067 TSXV:ESS ASX:BSN BOM:538351
Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Website
https://www.eatonvance.com
EV Floating-Rate Income Plus Fund is a diversified, closed-end management investment company. The Fund's investment objective is total return, with an emphasis on income. Its portfolio of investments includes aerospace and defense, automotive, chemicals and plastics, electrical, utilities, food products, healthcare, insurance and others.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
David C Basile other: Trustee TWO INTERNATIONAL PLACE BOSTON MA 02110
Peter F Borish other: Trustee C/O CBOT HOLDINGS, INC. 141 WEST JACKSON BOULEVARD CHICAGO IL 60604
Charles I Clarvit other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Faust Thomas E Jr other: Trustee 255 STATE STREET, BOSTON MA 02109
Scott E Wennerholm other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Cynthia Frost other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02148
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Scott H Page officer: President 255 STATE STREET, BOSTON MA 02109
Kathleen Gaffney other: Portfolio Manager TWO INTERNATIONAL PLACE BOSTON MA 02110
William E Holt other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Daniel Mcelaney other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Andrew Sveen other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109
Catherine Mcdermott other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109
Harriett Tee Taggart other: Trustee 29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092