Virtus AllianzGI Diversifiedomenvertible Fund (Virtus AllianzGI Diversifiedomenvertible Fund) Debt-to-Equity : 0.35 (As of Jan. 2024)

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What is Virtus AllianzGI Diversifiedomenvertible Fund Debt-to-Equity?

Virtus AllianzGI Diversifiedomenvertible Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Virtus AllianzGI Diversifiedomenvertible Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $75.00 Mil. Virtus AllianzGI Diversifiedomenvertible Fund's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $216.16 Mil. Virtus AllianzGI Diversifiedomenvertible Fund's debt to equity for the quarter that ended in Jan. 2024 was 0.35.

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 AllianzGI Diversifiedomenvertible Fund's Debt-to-Equity or its related term are showing as below:

ACV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.31 Max: 0.35
Current: 0.35

During the past 7 years, the highest Debt-to-Equity Ratio of Virtus AllianzGI Diversifiedomenvertible Fund was 0.35. The lowest was 0.21. And the median was 0.31.

ACV's Debt-to-Equity is ranked worse than
62.48% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs ACV: 0.35

Virtus AllianzGI Diversifiedomenvertible Fund Debt-to-Equity Historical Data

The historical data trend for Virtus AllianzGI Diversifiedomenvertible 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.

Virtus AllianzGI Diversifiedomenvertible Fund Debt-to-Equity Chart

Virtus AllianzGI Diversifiedomenvertible Fund Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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0.29

0.21

0.27

0.34

0.35

Virtus AllianzGI Diversifiedomenvertible Fund Semi-Annual Data
	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial									0.27	0.32	0.34	0.33	0.35

Competitive Comparison of Virtus AllianzGI Diversifiedomenvertible Fund's Debt-to-Equity

For the Asset Management subindustry, Virtus AllianzGI Diversifiedomenvertible 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.

Virtus AllianzGI Diversifiedomenvertible Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Virtus AllianzGI Diversifiedomenvertible Fund's Debt-to-Equity falls into.

Virtus AllianzGI Diversifiedomenvertible Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Virtus AllianzGI Diversifiedomenvertible Fund's Debt to Equity Ratio for the fiscal year that ended in Jan. 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	+	75)	/	216.157
	=	0.35

Virtus AllianzGI Diversifiedomenvertible Fund's Debt to Equity Ratio for the quarter that ended in Jan. 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	+	75)	/	216.157
	=	0.35

Virtus AllianzGI Diversifiedomenvertible Fund (NYSE:ACV) 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 AllianzGI Diversifiedomenvertible Fund Debt-to-Equity Related Terms

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

Virtus AllianzGI Diversifiedomenvertible Fund (Virtus AllianzGI Diversifiedomenvertible Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus AllianzGI Diversified Income & Convertible Fund (NYSE:ACV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://www.virtus.com

Virtus AllianzGI Diversified Income & Convertible Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income and capital appreciation while seeking to provide downside protection against capital loss. It seeks to achieve its investment objective by investing in a combination of convertible securities, debt and other income-producing instruments and common stocks and other equity securities.

Executives

Mcdaniel Connie D	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
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Deborah A Decotis	director	1633 BROADWAY, NEW YORK NY 10019
David J. Oberto	officer: Portfolio Manager	1633 BROADWAY, NEW YORK NY 10019
R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
Bradley William Patrick Iii	officer: EVP, CFO and Treasurer	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
Francis G Waltman	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536