Virtus Global Multi-Sector (Virtus Global Multi-Sector) Debt-to-Equity : 0.45 (As of Nov. 2023)

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What is Virtus Global Multi-Sector Debt-to-Equity?

Virtus Global Multi-Sector's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Virtus Global Multi-Sector's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $43.00 Mil. Virtus Global Multi-Sector's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $95.58 Mil. Virtus Global Multi-Sector's debt to equity for the quarter that ended in Nov. 2023 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 Virtus Global Multi-Sector's Debt-to-Equity or its related term are showing as below:

VGI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.39 Max: 0.45
Current: 0.45

During the past 7 years, the highest Debt-to-Equity Ratio of Virtus Global Multi-Sector was 0.45. The lowest was 0.36. And the median was 0.39.

VGI's Debt-to-Equity is ranked worse than
71.08% of 1020 companies
in the Asset Management industry
Industry Median: 0.19 vs VGI: 0.45

Virtus Global Multi-Sector Debt-to-Equity Historical Data

The historical data trend for Virtus Global Multi-Sector'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.

Virtus Global Multi-Sector Debt-to-Equity Chart

Virtus Global Multi-Sector Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.38

0.37

0.40

0.45

Virtus Global Multi-Sector 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								0.40	0.43	0.45	0.46	0.45

Competitive Comparison of Virtus Global Multi-Sector's Debt-to-Equity

For the Asset Management subindustry, Virtus Global Multi-Sector'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.

Virtus Global Multi-Sector's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Global Multi-Sector's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Virtus Global Multi-Sector's Debt-to-Equity falls into.

Virtus Global Multi-Sector Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Virtus Global Multi-Sector'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	+	43)	/	95.578
	=	0.45

Virtus Global Multi-Sector'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	+	43)	/	95.578
	=	0.45

Virtus Global Multi-Sector (NYSE:VGI) 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.

Virtus Global Multi-Sector Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Virtus Global Multi-Sector's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Virtus Global Multi-Sector (Virtus Global Multi-Sector) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Global Multi-Sector Inc (NYSE:VGI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301-9683

Website

https://www.virtus.com

Virtus Global Multi-Sector Inc is a United States-based diversified, closed-end management investment company. Its investment objective is to maximize current income while preserving capital. The Fund seeks to achieve its investment objectives by capitalizing on opportunities across undervalued areas of the global bond markets.

Executives

Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sarah E Cogan	director	1633 BROADWAY, NEW YORK NY 10019
F Ford Drummond	director	100 N BROADWAY, OKLAHOMA CITY OK 73102
Deborah A Decotis	director	1633 BROADWAY, NEW YORK NY 10019
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
John R Mallin	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sidney E Harris	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara	director	150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Donald C Burke	director	C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Rogers James B Jr	director	14 WESLEY STREET, HAMILTON D0 HM11
James M Oates	director	C/O INVESTORS FINANCIAL SERVICES CORP, 200 CLARENDON ST, BOSTON MA 02116
Thomas F. Mann	director	125 EAST ELM STREET, SUITE 200, CONSHOHOCKEN PA 19428
Benjamin Caron	other: Officer of the Sub-Adviser	C/O NEWFLEET ASSET MANAGEMENT, LLC, 100 PEARL STREET, HARTFORD CT 06103