PGIM High Yield Fund (PGIM High Yield Fund) Debt-to-Equity : 0.26 (As of Jan. 2024)

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What is PGIM High Yield Fund Debt-to-Equity?

PGIM High Yield Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. PGIM High Yield Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $120.00 Mil. PGIM High Yield Fund's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $462.14 Mil. PGIM High Yield Fund's debt to equity for the quarter that ended in Jan. 2024 was 0.26.

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 PGIM High Yield Fund's Debt-to-Equity or its related term are showing as below:

ISD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.33 Max: 0.36
Current: 0.26

During the past 6 years, the highest Debt-to-Equity Ratio of PGIM High Yield Fund was 0.36. The lowest was 0.20. And the median was 0.33.

ISD's Debt-to-Equity is ranked worse than
54.97% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs ISD: 0.26

PGIM High Yield Fund Debt-to-Equity Historical Data

The historical data trend for PGIM High Yield 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.

PGIM High Yield Fund Debt-to-Equity Chart

PGIM High Yield Fund Annual Data

Trend

May18

May19

May20

May21

Jul22

Jul23

Debt-to-Equity

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0.33

0.36

0.33

0.25

0.28

PGIM High Yield Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial								0.33	0.25	0.20	0.28	0.26

Competitive Comparison of PGIM High Yield Fund's Debt-to-Equity

For the Asset Management subindustry, PGIM High Yield 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.

PGIM High Yield Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PGIM High Yield Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PGIM High Yield Fund's Debt-to-Equity falls into.

PGIM High Yield Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PGIM High Yield Fund's Debt to Equity Ratio for the fiscal year that ended in Jul. 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	+	130)	/	458.466
	=	0.28

PGIM High Yield Fund's Debt to Equity Ratio for the quarter that ended in Jan. 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	+	120)	/	462.137
	=	0.26

PGIM High Yield Fund (NYSE:ISD) 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.

PGIM High Yield Fund Debt-to-Equity Related Terms

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PGIM High Yield Fund (PGIM High Yield Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PGIM High Yield Fund Inc (NYSE:ISD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

655 Broad Street, 6th Floor, Newark, NJ, USA, 07102

Website

https://www.pgim.com

PGIM High Yield Fund Inc is a diversified, closed-end management investment company, active in the financial services domain. The Fund's investment objective is to provide a high level of current income. It invests at least 80% of its investable assets in a diversified portfolio of high-yield fixed-income instruments that are rated below investment grade with varying maturities and other investments.

Executives

Brian Reid	director	C/O PGIM INVESTMENTS LLC, 655 BROAD STREET, NEWARK NJ 07102
Andrew Donohue	officer: Chief Compliance Officer	655 BROAD STREET, NEWARK NJ 07102
Brian J Lalli	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Robert Mccormack	officer: Assistant Treasurer	655 BROAD ST., NEWARK NJ 07102
Barry H Evans	director	C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Isabelle Sajous	officer: Chief Compliance Officer	655 BROAD ST., NEWARK NJ 07102
Michael Joseph Gormally	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Gregory J Peters	other: Co-Chief Investment Officer	655 BROAD STREET, NEWARK NJ 07102
Craig C Dewling	other: Deputy CIO	655 BROAD STREET, NEWARK NJ 07102
Michael Lillard	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Debra Rubano	officer: Assistant Secretary	655 BROAD STREET, PRUDENTIAL TOWER SOUTH, NEWARK NJ 07102
Patrick Mcguinness	officer: Assistant Secretary	655 BROAD STREET, PRUDENTIAL TOWER SOUTH, 17TH FLOOR, NEWARK NJ 07102
Scott E Benjamin	director	655 BROAD ST., NEWARK NJ 07102
Melissa Gonzalez	officer: Assistant Secretary	655 BROAD STREET, NEWARK NJ 07102
Elyse Mclaughlin	officer: Assistant Treasurer	655 BROAD ST., NEWARK NJ 07102