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Western Asset Global Defined Opp (Western Asset Global Defined Opp) Debt-to-Equity

: 0.46 (As of Oct. 2023)
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Western Asset Global Defined Opp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Western Asset Global Defined Opp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $81.00 Mil. Western Asset Global Defined Opp's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $178.21 Mil. Western Asset Global Defined Opp's debt to equity for the quarter that ended in Oct. 2023 was 0.45.

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 Global Defined Opp's Debt-to-Equity or its related term are showing as below:

GDO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29   Med: 0.34   Max: 0.46
Current: 0.46

During the past 7 years, the highest Debt-to-Equity Ratio of Western Asset Global Defined Opp was 0.46. The lowest was 0.29. And the median was 0.34.

GDO's Debt-to-Equity is ranked worse than
72.13% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs GDO: 0.46

Western Asset Global Defined Opp Debt-to-Equity Historical Data

The historical data trend for Western Asset Global Defined Opp'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 Global Defined Opp Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Debt-to-Equity
Premium Member Only Premium Member Only 0.32 0.34 0.33 0.44 0.46

Western Asset Global Defined Opp Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.41 0.44 0.42 0.46
Competitive Comparison

For the Asset Management subindustry, Western Asset Global Defined Opp'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 Global Defined Opp Debt-to-Equity Distribution

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

* The bar in red indicates where Western Asset Global Defined Opp's Debt-to-Equity falls into.


Western Asset Global Defined Opp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Asset Global Defined Opp's Debt to Equity Ratio for the fiscal year that ended in Oct. 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 + 81) / 178.213
=0.45

Western Asset Global Defined Opp's Debt to Equity Ratio for the quarter that ended in Oct. 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 + 81) / 178.213
=0.45

* 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.

Western Asset Global Defined Opp  (NYSE:GDO) 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 Global Defined Opp Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Western Asset Global Defined Opp's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Asset Global Defined Opp (Western Asset Global Defined Opp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Global Corp Defined Opp (NYSE:GDO) » Definitions » Debt-to-Equity
Comparable Companies
EMF OPP BKN LGI NBH VTN DMB IHIT JRS IGI BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018
Website
https://www.franklintempleton.com
Western Asset Global Corp Defined Opp is a closed-end management investment company with a primary investment objective to provide current income. Its secondary objective is to seek capital appreciation. The Fund invests in the United States and foreign corporate fixed-income securities of varying maturities.
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
Eileen A Kamerick director 200 NORTH ADAMS STREET, GREEN BAY WI 54301
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
Christopher Berarducci officer: Treas/Principal Finan Officer LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Nisha Kumar director 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Jennifer S Berg officer: Treasurer 100 INTERNATIONAL DRIVE, 7TH FLOOR, BALTIMORE MD 21202
Todd F Kuehl officer: Chief Compliance Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309