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Calamos L/S Equity & Dynamic Trust (Calamos L/S Equity & Dynamic Trust) Debt-to-Equity : 0.37 (As of Oct. 2023)


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What is Calamos L/S Equity & Dynamic Trust Debt-to-Equity?

Calamos L/S Equity & Dynamic Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Calamos L/S Equity & Dynamic Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $120.00 Mil. Calamos L/S Equity & Dynamic Trust's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $324.78 Mil. Calamos L/S Equity & Dynamic Trust's debt to equity for the quarter that ended in Oct. 2023 was 0.37.

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 Calamos L/S Equity & Dynamic Trust's Debt-to-Equity or its related term are showing as below:

CPZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2   Med: 0.32   Max: 0.37
Current: 0.37

During the past 4 years, the highest Debt-to-Equity Ratio of Calamos L/S Equity & Dynamic Trust was 0.37. The lowest was 0.20. And the median was 0.32.

CPZ's Debt-to-Equity is ranked worse than
64.63% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs CPZ: 0.37

Calamos L/S Equity & Dynamic Trust Debt-to-Equity Historical Data

The historical data trend for Calamos L/S Equity & Dynamic Trust'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.

Calamos L/S Equity & Dynamic Trust Debt-to-Equity Chart

Calamos L/S Equity & Dynamic Trust Annual Data
Trend Oct20 Oct21 Oct22 Oct23
Debt-to-Equity
0.20 0.28 0.35 0.37

Calamos L/S Equity & Dynamic Trust Semi-Annual Data
Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Debt-to-Equity Get a 7-Day Free Trial 0.28 0.30 0.35 0.34 0.37

Competitive Comparison of Calamos L/S Equity & Dynamic Trust's Debt-to-Equity

For the Asset Management subindustry, Calamos L/S Equity & Dynamic Trust'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.

Calamos L/S Equity & Dynamic Trust's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Calamos L/S Equity & Dynamic Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Calamos L/S Equity & Dynamic Trust's Debt-to-Equity falls into.


Calamos L/S Equity & Dynamic Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Calamos L/S Equity & Dynamic Trust's Debt to Equity Ratio for the fiscal year that ended in Oct. 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 + 120) / 324.777
=0.37

Calamos L/S Equity & Dynamic Trust's Debt to Equity Ratio for the quarter that ended in Oct. 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 + 120) / 324.777
=0.37

* 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.

Calamos L/S Equity & Dynamic Trust  (NAS:CPZ) 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.

Calamos L/S Equity & Dynamic Trust Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Calamos L/S Equity & Dynamic Trust's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Calamos L/S Equity & Dynamic Trust (Calamos L/S Equity & Dynamic Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Calamos L/S Equity & Dynamic Inc Trust (NAS:CPZ) » Definitions » Debt-to-Equity
Comparable Companies
MHN JRI WHF AWP TDF FOF ASG ASA FEN PFL BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
2020 Calamos Court, Naperville, IL, USA, 60563-2787
Website
https://www.calamos.com
Calamos L/S Equity & Dynamic Inc Trust is a trust company which seeks to provide current income and risk-managed capital appreciation. The company invests in securities across sectors such as Industrials, Healthcare, Financials, Consumer Discretionary and others.
Executives
John S. Koudounis officer: Vice President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos John P Sr director, officer: President and Chairman 2020 CALAMOS COURT, NAPERVILLE IL 60563
Erik D. Ojala officer: VP, Sec'y & Chief Legal Off. 2020 CALAMOS CT., NAPERVILLE IL 60563
Susan L Schoenberger officer: VP and Assistant Secretary 2020 CALAMOS COURT, NAPERVILLE IL 60563
Daniel Dufresne officer: Vice President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Christopher M Toub director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Robert Behan officer: Vice President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Thomas E Herman officer: VP and CFO 2020 CALAMOS COURT, NAPERVILLE IL 60563
Stephen Atkins officer: Treasurer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Karen Stuckey director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos Advisors Llc other: Investment Adviser 2020 CALAMOS COURT, NAPERVILLE IL 60563
Stephen B Timbers director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Mark Mickey officer: Chief Compliance Officer 2020 CALAMOS COURT, NAPERVILLE IL 60563
William R Rybak director 2020 CALAMOS COURT, NAPERVILE IL 60563
John E Neal director 2020 CALAMOS COURT, NAPERVILLE X1 60563