Kayne Anderson MLP/Midstream Investment Co (Kayne Anderson MLP/Midstream Investment Co) Debt-to-Equity : 0.19 (As of Nov. 2023)

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What is Kayne Anderson MLP/Midstream Investment Co Debt-to-Equity?

Kayne Anderson MLP/Midstream Investment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Kayne Anderson MLP/Midstream Investment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $344.22 Mil. Kayne Anderson MLP/Midstream Investment Co's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $1,777.56 Mil. Kayne Anderson MLP/Midstream Investment Co's debt to equity for the quarter that ended in Nov. 2023 was 0.19.

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 Kayne Anderson MLP/Midstream Investment Co's Debt-to-Equity or its related term are showing as below:

KYNpFCL.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.29 Max: 0.41
Current: 0.19

During the past 7 years, the highest Debt-to-Equity Ratio of Kayne Anderson MLP/Midstream Investment Co was 0.41. The lowest was 0.19. And the median was 0.29.

KYNpFCL.PFD's Debt-to-Equity is ranked better than
51.52% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs KYNpFCL.PFD: 0.19

Kayne Anderson MLP/Midstream Investment Co Debt-to-Equity Historical Data

The historical data trend for Kayne Anderson MLP/Midstream Investment Co'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.

Kayne Anderson MLP/Midstream Investment Co Debt-to-Equity Chart

Kayne Anderson MLP/Midstream Investment Co Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.39

0.27

0.29

0.21

0.19

Kayne Anderson MLP/Midstream Investment Co Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial								0.29	0.26	0.21	0.23	0.19

Competitive Comparison of Kayne Anderson MLP/Midstream Investment Co's Debt-to-Equity

For the Asset Management subindustry, Kayne Anderson MLP/Midstream Investment Co'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.

Kayne Anderson MLP/Midstream Investment Co's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kayne Anderson MLP/Midstream Investment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kayne Anderson MLP/Midstream Investment Co's Debt-to-Equity falls into.

Kayne Anderson MLP/Midstream Investment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kayne Anderson MLP/Midstream Investment Co's Debt to Equity Ratio for the fiscal year that ended in Nov. 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	+	344.215)	/	1777.558
	=	0.19

Kayne Anderson MLP/Midstream Investment Co's Debt to Equity Ratio for the quarter that ended in Nov. 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	+	344.215)	/	1777.558
	=	0.19

Kayne Anderson MLP/Midstream Investment Co (NYSE:KYNpFCL.PFD) 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.

Kayne Anderson MLP/Midstream Investment Co Debt-to-Equity Related Terms

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Kayne Anderson MLP/Midstream Investment Co (Kayne Anderson MLP/Midstream Investment Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kayne Anderson MLP/Midstream Investment Co (NYSE:KYNpFCL.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KYN:USA

Address

811 Main Street, 14th Floor, Houston, TX, USA, 77002

Website

https://www.kaynefunds.com

Kayne Anderson Energy Infrastructure Fund, Inc is a non-diversified, closed-end fund. Its investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to the stockholder. The company seeks to achieve its objectives by investing at least 80% of its total assets in the securities of Energy Infrastructure companies.