Pioneer Floating Rate Trust (Pioneer Floating Rate Trust) Debt-to-Equity : 0.49 (As of Nov. 2023)

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What is Pioneer Floating Rate Trust Debt-to-Equity?

Pioneer Floating Rate Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Pioneer Floating Rate Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $61.20 Mil. Pioneer Floating Rate Trust's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $124.86 Mil. Pioneer Floating Rate Trust's debt to equity for the quarter that ended in Nov. 2023 was 0.49.

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 Pioneer Floating Rate Trust's Debt-to-Equity or its related term are showing as below:

PHD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.48 Max: 0.49
Current: 0.49

During the past 7 years, the highest Debt-to-Equity Ratio of Pioneer Floating Rate Trust was 0.49. The lowest was 0.38. And the median was 0.48.

PHD's Debt-to-Equity is ranked worse than
73.92% of 1020 companies
in the Asset Management industry
Industry Median: 0.19 vs PHD: 0.49

Pioneer Floating Rate Trust Debt-to-Equity Historical Data

The historical data trend for Pioneer Floating Rate 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.

Pioneer Floating Rate Trust Debt-to-Equity Chart

Pioneer Floating Rate Trust Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.48

0.38

0.49

0.48

0.49

Pioneer Floating Rate Trust 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								0.49	0.49	0.48	0.49	0.49

Competitive Comparison of Pioneer Floating Rate Trust's Debt-to-Equity

For the Asset Management subindustry, Pioneer Floating Rate 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.

Pioneer Floating Rate Trust's Debt-to-Equity Distribution in the Asset Management Industry

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

* 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. 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	+	61.2)	/	124.861
	=	0.49

Pioneer Floating Rate Trust'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	+	61.2)	/	124.861
	=	0.49

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

Thank you for viewing the detailed overview of Pioneer Floating Rate Trust's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Pioneer Floating Rate Trust (Pioneer Floating Rate Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Floating Rate Trust (NYSE:PHD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Floating Rate Trust is a diversified fund. It seeks a high level of current income by investing primarily in floating-rate loans. Its investment objective is to provide a high level of current income and seek the preservation of capital.

Executives

Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Craig C Mackay	officer: Trustee	75 WEST 125TH STREET, NEW YORK NY 10027
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Diane Durnin	other: Trustee	60 STATE STREET, BOSTON MA 02109
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Baumgardner John E Jr.	other: Trustee	60 STATE STREET, BOSTON MA 02109
John Michael Malone	officer: Chief Compliance Officer	60 STATE STREET, BOSTON MA 02019
Lorraine H Monchak	other: Trustee	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Fred J Ricciardi	other: Trustee	60 STATE STREET, BOSTON MA 02109
Lisa Jones	officer: Chief Executive Officer	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Mark Goodwin	officer: Executive Vice President	PIONEER INVESTMENTS, 60 STATE STREET, BOSTON MA 02109
Kenneth Taubes	other: Trustee
Marc O Mayer	other: Trustee	C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105