RiverNorth Flexible Municipalome Fund (RiverNorth Flexible Municipalome Fund) Debt-to-Equity : 0.59 (As of Dec. 2023)

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What is RiverNorth Flexible Municipalome Fund Debt-to-Equity?

RiverNorth Flexible Municipalome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. RiverNorth Flexible Municipalome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $61.54 Mil. RiverNorth Flexible Municipalome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $103.76 Mil. RiverNorth Flexible Municipalome Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.59.

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:

RFM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.62 Max: 0.79
Current: 0.59

During the past 4 years, the highest Debt-to-Equity Ratio of RiverNorth Flexible Municipalome Fund was 0.79. The lowest was 0.45. And the median was 0.62.

RFM's Debt-to-Equity is ranked worse than
77.57% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs RFM: 0.59

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 Debt-to-Equity Chart

RiverNorth Flexible Municipalome Fund Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.64

0.45

0.79

0.68

RiverNorth Flexible Municipalome Fund Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.48	0.79	0.77	0.68	0.59

Competitive Comparison of RiverNorth Flexible Municipalome Fund's Debt-to-Equity

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's Debt-to-Equity Distribution in the Asset Management Industry

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. 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	+	70.67)	/	104.101
	=	0.68

RiverNorth Flexible Municipalome 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	+	61.54)	/	103.76
	=	0.59

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 (RiverNorth Flexible Municipalome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Flexible Municipal Income Fund Inc (NYSE:RFM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.rivernorth.com

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.

Executives

Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Rivernorth Capital Management, Llc	other: Investment Adviser	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Robert A Dimella	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Petty	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John J Lawlor	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Scott Sprauer	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
David Dowden	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Brian H Schmucker	other: Officer of Investment Adviser	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
David Swanson	director	325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John K Carter	director	433 W. VAN BUREN STREET, SUITE 1150-E, CHICAGO IL 60607
Jonathan M. Mohrhardt	other: Treasurer	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654

RiverNorth Flexible Municipalome Fund (RiverNorth Flexible Municipalome Fund) Headlines

From GuruFocus

RiverNorth Flexible Municipal Income Fund, Inc. Declares Year-End Capital Gain Distribution

By Business Wire Business Wire • 12-14-2022