RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is RiverNorth/DoubleLine Strategic Opportunity Fund Debt-to-Equity?

RiverNorth/DoubleLine Strategic Opportunity Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. RiverNorth/DoubleLine Strategic Opportunity Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. RiverNorth/DoubleLine Strategic Opportunity Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $341.29 Mil. RiverNorth/DoubleLine Strategic Opportunity Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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/DoubleLine Strategic Opportunity Fund's Debt-to-Equity or its related term are showing as below:

During the past 6 years, the highest Debt-to-Equity Ratio of RiverNorth/DoubleLine Strategic Opportunity Fund was 0.38. The lowest was 0.07. And the median was 0.33.

OPP's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

RiverNorth/DoubleLine Strategic Opportunity Fund Debt-to-Equity Historical Data

The historical data trend for RiverNorth/DoubleLine Strategic Opportunity 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/DoubleLine Strategic Opportunity Fund Debt-to-Equity Chart

RiverNorth/DoubleLine Strategic Opportunity Fund Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.37

0.33

0.07

RiverNorth/DoubleLine Strategic Opportunity Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of RiverNorth/DoubleLine Strategic Opportunity Fund's Debt-to-Equity

For the Asset Management subindustry, RiverNorth/DoubleLine Strategic Opportunity 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/DoubleLine Strategic Opportunity Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where RiverNorth/DoubleLine Strategic Opportunity Fund's Debt-to-Equity falls into.

RiverNorth/DoubleLine Strategic Opportunity Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RiverNorth/DoubleLine Strategic Opportunity Fund's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	0)	/	340.659
	=	0.00

RiverNorth/DoubleLine Strategic Opportunity Fund's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	0)	/	341.293
	=	0.00

RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) 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/DoubleLine Strategic Opportunity Fund Debt-to-Equity Related Terms

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RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth/DoubleLine Strategic Opportunity Fund Inc (NYSE:OPP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 S. Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund Inc is a closed-end management investment company. The company's investment objective is to seek current income and overall total return.

Executives

Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
David Swanson	director	325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Stephen Andrew O'neill	other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Brian H Schmucker	other: OFFICER OF THE INVT ADVISER	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Youse Guia	other: Exec Comm Mbr: OPP Subadviser	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Leticia A. Acosta	other: Exec Comm Mbr: OPP Subadviser	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Rivernorth Marketplace Lending Corp	other: Investment Adviser	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Fred G Steingraber	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Marcus L Collins	officer: CCO and Secretary	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt	officer: CFO and Treasurer	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
John K Carter	director	433 W. VAN BUREN STREET, SUITE 1150-E, CHICAGO IL 60607