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Eaton Vance Seniorome Trust (Eaton Vance Seniorome Trust) Debt-to-Equity : 0.23 (As of Dec. 2023)


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What is Eaton Vance Seniorome Trust Debt-to-Equity?

Eaton Vance Seniorome Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Eaton Vance Seniorome Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $22.00 Mil. Eaton Vance Seniorome Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $97.75 Mil. Eaton Vance Seniorome Trust's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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 Eaton Vance Seniorome Trust's Debt-to-Equity or its related term are showing as below:

EVF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17   Med: 0.34   Max: 0.49
Current: 0.23

During the past 6 years, the highest Debt-to-Equity Ratio of Eaton Vance Seniorome Trust was 0.49. The lowest was 0.17. And the median was 0.34.

EVF's Debt-to-Equity is ranked worse than
52.94% of 1020 companies
in the Asset Management industry
Industry Median: 0.19 vs EVF: 0.23

Eaton Vance Seniorome Trust Debt-to-Equity Historical Data

The historical data trend for Eaton Vance Seniorome Trust'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.

Eaton Vance Seniorome Trust Debt-to-Equity Chart

Eaton Vance Seniorome Trust Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial 0.39 0.41 0.39 0.25 0.19

Eaton Vance Seniorome Trust Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.25 0.17 0.19 0.23

Competitive Comparison of Eaton Vance Seniorome Trust's Debt-to-Equity

For the Asset Management subindustry, Eaton Vance Seniorome Trust'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.

Eaton Vance Seniorome Trust's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Seniorome Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Eaton Vance Seniorome Trust's Debt-to-Equity falls into.


Eaton Vance Seniorome Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eaton Vance Seniorome Trust's Debt to Equity Ratio for the fiscal year that ended in Jun. 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 + 20) / 107.079
=0.19

Eaton Vance Seniorome Trust'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 + 22) / 97.745
=0.23

* 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.

Eaton Vance Seniorome Trust  (NYSE:EVF) 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.

Eaton Vance Seniorome Trust Debt-to-Equity Related Terms

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Eaton Vance Seniorome Trust (Eaton Vance Seniorome Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Senior Income Trust (NYSE:EVF) » Definitions » Debt-to-Equity
Comparable Companies
GLQ CHN ECF VFL PAI SBI PCF CEN MNP JHI BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Website
https://www.eatonvance.com
Eaton Vance Senior Income Trust is a United States-based diversified, closed-end management investment company. Its investment objective is to provide a high level of current income consistent with the preservation of capital, by investing in senior, secured floating-rate loans. The trust invests in below-investment-grade floating-rate loans, which are considered speculative because of the credit risk of their issuers. Its portfolio of investment consists of aerospace and defense, automotive, beverage, building and development, business equipment and services, cable and satellite television and other areas.
Executives
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Faust Thomas E Jr other: Management Committee of Eaton 255 STATE STREET, BOSTON MA 02109
Alan C. Bowser other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Sarah Anne Choi other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nancy A Wiser other: Trustee WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Deidre E Walsh officer: Vice President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
William E Holt other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Daniel Mcelaney other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110