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RiverNorth Flexible Municipalome Fund Debt-to-Equity

: 0.45 (As of Jun. 2021)
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RiverNorth Flexible Municipalome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $0.00 Mil. RiverNorth Flexible Municipalome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $67.48 Mil. RiverNorth Flexible Municipalome Fund's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $151.24 Mil. RiverNorth Flexible Municipalome Fund's debt to equity for the quarter that ended in Jun. 2021 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 RiverNorth Flexible Municipalome Fund's Debt-to-Equity or its related term are showing as below:

NYSE:RFM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45   Med: 0.55   Max: 0.64
Current: 0.45

0.45
0.64

During the past 2 years, the highest Debt-to-Equity Ratio of RiverNorth Flexible Municipalome Fund was 0.64. The lowest was 0.45. And the median was 0.55.

NYSE:RFM's Debt-to-Equity is ranked lower than
99.99% of the 53 Companies
in the Asset Management industry.

( Industry Median: 0.32 vs. NYSE:RFM: 0.45 )

RiverNorth Flexible Municipalome Fund Debt-to-Equity Historical Data

The historical data trend for RiverNorth Flexible Municipalome 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.

RiverNorth Flexible Municipalome Fund Annual Data
Trend Jun20 Jun21
Debt-to-Equity
0.64 0.45

RiverNorth Flexible Municipalome Fund Semi-Annual Data
Jun20 Dec20 Jun21
Debt-to-Equity 0.64 0.57 0.45

Competitive Comparison

For the Asset Management subindustry, RiverNorth Flexible Municipalome 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.

   

RiverNorth Flexible Municipalome Fund Debt-to-Equity Distribution

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

* The bar in red indicates where RiverNorth Flexible Municipalome Fund's Debt-to-Equity falls into.



RiverNorth Flexible Municipalome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RiverNorth Flexible Municipalome Fund's Debt to Equity Ratio for the fiscal year that ended in Jun. 2021 is calculated as

RiverNorth Flexible Municipalome Fund's Debt to Equity Ratio for the quarter that ended in Jun. 2021 is calculated as

* 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.


RiverNorth Flexible Municipalome Fund  (NYSE:RFM) 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.


RiverNorth Flexible Municipalome Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of RiverNorth Flexible Municipalome Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


RiverNorth Flexible Municipalome Fund Business Description

RiverNorth Flexible Municipalome Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Comparable Companies
Traded in Other Exchanges
N/A
Address
325 North LaSalle Street, Suite 645, Chicago, IL, USA, 60654
RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
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