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Pioneer Floating Rate Trust Debt-to-Equity

: 0.41 (As of May. 2020)
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Pioneer Floating Rate Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2020 was $0.00 Mil. Pioneer Floating Rate Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2020 was $103.45 Mil. Pioneer Floating Rate Trust's Total Stockholders Equity for the quarter that ended in May. 2020 was $252.40 Mil. Pioneer Floating Rate Trust's debt to equity for the quarter that ended in May. 2020 was 0.41.

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.

NYSE:PHD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41   Med: 0.47   Max: 0.48
Current: 0.41

0.41
0.48

During the past 3 years, the highest Debt-to-Equity Ratio of Pioneer Floating Rate Trust was 0.48. The lowest was 0.41. And the median was 0.47.

NYSE:PHD's Debt-to-Equity is ranked lower than
68% of the 932 Companies
in the Asset Management industry.

( Industry Median: 0.22 vs. NYSE:PHD: 0.41 )

Pioneer Floating Rate Trust Debt-to-Equity Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Pioneer Floating Rate Trust Annual Data
Nov17 Nov18 Nov19
Debt-to-Equity 0.47 0.48 0.48

Pioneer Floating Rate Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20
Debt-to-Equity Premium Member Only 0.47 0.48 0.47 0.48 0.41

Competitive Comparison
* 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.


Pioneer Floating Rate Trust Debt-to-Equity Distribution

* The bar in red indicates where Pioneer Floating Rate Trust's Debt-to-Equity falls into.



Pioneer Floating Rate Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pioneer Floating Rate Trust's Debt to Equity Ratio for the fiscal year that ended in Nov. 2019 is calculated as

Pioneer Floating Rate Trust's Debt to Equity Ratio for the quarter that ended in May. 2020 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Pioneer Floating Rate Trust  (NYSE:PHD) 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.


Pioneer Floating Rate Trust Debt-to-Equity Related Terms


Pioneer Floating Rate Trust Debt-to-Equity Headlines

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