DMA (Destra Multi-Alternative Fund) Debt-to-Equity : 0.12 (As of Sep. 2024)

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What is Destra Multi-Alternative Fund Debt-to-Equity?

Destra Multi-Alternative Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Destra Multi-Alternative Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $12.00 Mil. Destra Multi-Alternative Fund's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $103.19 Mil. Destra Multi-Alternative Fund's debt to equity for the quarter that ended in Sep. 2024 was 0.12.

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 Destra Multi-Alternative Fund's Debt-to-Equity or its related term are showing as below:

DMA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.15 Max: 0.19
Current: 0.12

During the past 3 years, the highest Debt-to-Equity Ratio of Destra Multi-Alternative Fund was 0.19. The lowest was 0.12. And the median was 0.15.

DMA's Debt-to-Equity is ranked better than
63.2% of 962 companies
in the Asset Management industry
Industry Median: 0.195 vs DMA: 0.12

Destra Multi-Alternative Fund Debt-to-Equity Historical Data

The historical data trend for Destra Multi-Alternative 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.

Destra Multi-Alternative Fund Debt-to-Equity Chart

Destra Multi-Alternative Fund Annual Data

Trend

Feb22

Mar23

Mar24

Debt-to-Equity

0.14

0.16

0.15

Destra Multi-Alternative Fund Semi-Annual Data
	Feb22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial			0.16	0.16	0.19	0.15	0.12

Competitive Comparison of Destra Multi-Alternative Fund's Debt-to-Equity

For the Asset Management subindustry, Destra Multi-Alternative 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.

Destra Multi-Alternative Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Destra Multi-Alternative Fund's Debt-to-Equity falls into.

Destra Multi-Alternative Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Destra Multi-Alternative Fund's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	14.976)	/	100.067
	=	0.15

Destra Multi-Alternative Fund's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	11.999)	/	103.187
	=	0.12

Destra Multi-Alternative Fund (NYSE:DMA) 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.

Destra Multi-Alternative Fund Debt-to-Equity Related Terms

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

Destra Multi-Alternative Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Destra Multi-Alternative Fund (NYSE:DMA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

443 North Willson Avenue, Bozeman, MT, USA, 59715

Website

https://www.destracapital.com

Destra Multi-Alternative Fund is a non-diversified, closed-end management investment company that operates as an interval fund with a continuous offering of fund shares. The investment objective of the fund is to seek returns from capital appreciation and income with an emphasis on income generation.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Randi Jean Roessler	officer: Chief Compliance Officer	C/O DESTRA MULTI ALTERNATIVE FUND, 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Robert A. Watson	officer: PRESIDENT	443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Zach Leeds	other: Assistant Portfolio Manager	1710 LARKIN ST, #11, SAN FRANCISCO CA 94109
Kenneth B. Merritt	officer: Assistant Secretary	443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Gossard Cory J	officer: Chief Compliance Officer	C/O PINE ADVISER SOLUTIONS, 501 S. CHERRY STREET, SUITE 1090, DENVER CO 80246
Jacob G. Schultz	officer: Secretary	443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Marcie Mcveigh	officer: Assistant Treasurer	225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
Derek Jason Mullins	officer: CFO and Treasurer	C/O PINE ADVISOR SOLUTIONS, 501 S. CHERRY ST., SUITE 1090, DENVER CO 80246
Nicholas Dalmaso	director	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Michael Erickson	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
Jeffrey S. Murphy	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
John Scott Emrich	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
Aaron Jay Rosen	other: Advior Affiliate	10655 CALLE MAR DE MARIPOSA #4101, SAN DIEGO CA 92130