ACP (abrdnome Credit Strategies Fund) Debt-to-Equity : 0.29 (As of Oct. 2024)

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What is abrdnome Credit Strategies Fund Debt-to-Equity?

abrdnome Credit Strategies Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $0.00 Mil. abrdnome Credit Strategies Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $240.00 Mil. abrdnome Credit Strategies Fund's Total Stockholders Equity for the quarter that ended in Oct. 2024 was $819.80 Mil. abrdnome Credit Strategies Fund's debt to equity for the quarter that ended in Oct. 2024 was 0.29.

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 abrdnome Credit Strategies Fund's Debt-to-Equity or its related term are showing as below:

ACP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.45 Max: 0.53
Current: 0.29

During the past 8 years, the highest Debt-to-Equity Ratio of abrdnome Credit Strategies Fund was 0.53. The lowest was 0.29. And the median was 0.45.

ACP's Debt-to-Equity is ranked worse than
59.15% of 962 companies
in the Asset Management industry
Industry Median: 0.2 vs ACP: 0.29

abrdnome Credit Strategies Fund Debt-to-Equity Historical Data

The historical data trend for abrdnome Credit Strategies 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.

abrdnome Credit Strategies Fund Debt-to-Equity Chart

abrdnome Credit Strategies Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Debt-to-Equity

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0.46

0.49

0.53

0.31

0.29

abrdnome Credit Strategies Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Debt-to-Equity	Get a 7-Day Free Trial										0.53	0.29	0.31	0.30	0.29

Competitive Comparison of abrdnome Credit Strategies Fund's Debt-to-Equity

For the Asset Management subindustry, abrdnome Credit Strategies 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.

abrdnome Credit Strategies Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where abrdnome Credit Strategies Fund's Debt-to-Equity falls into.

abrdnome Credit Strategies Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

abrdnome Credit Strategies Fund's Debt to Equity Ratio for the fiscal year that ended in Oct. 2024 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	+	240)	/	819.803
	=	0.29

abrdnome Credit Strategies Fund's Debt to Equity Ratio for the quarter that ended in Oct. 2024 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	+	240)	/	819.803
	=	0.29

abrdnome Credit Strategies Fund (NYSE:ACP) 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.

abrdnome Credit Strategies Fund Debt-to-Equity Related Terms

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abrdnome Credit Strategies Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Income Credit Strategies Fund (NYSE:ACP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103

Website

https://www.abrdnacp.com

abrdn Income Credit Strategies Fund is a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It predominantly invests in debt and loan instruments of issues that operate in a variety of industries and geographic regions.

Executives

Peter Branner	other: Other - Director of Adviser	C/O ABRDN, 1900 MARKET STREET, PHILADELPHIA PA 19103
Jaclyn Marie Matsick	other: Director of Sub-Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Xavier Meyer	other: Director of Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katie Lynn Gebauer	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katherine A. Corey	officer: Vice President	1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Marika Tooze	other: Director of Sub-Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Grant Thomas Hotson	other: Director of Adviser	1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Matthew J. Kence	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Andrew Wonil Kim	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Robert W. Hepp	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Michael Marsico	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Brian Kordeck	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Heather Hasson	officer: Vice President	C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Neil Andrew Slater	other: Director of Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Stephen Bird	director	388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10022