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Destra Multi-Alternative FundDMA -0.45%23 Debt-to-Equity is 0.12 as of Mar. 2026, which is 14% below its 10-year median of 0.14. GuruFocus rates DMA with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 962 Asset Management companies, Destra Multi-Alternative Fund ranks better than 65.59% on this metric.
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: 0.14 Max: 0.16
Current: 0.12
During the past 5 years, the highest Debt-to-Equity Ratio of Destra Multi-Alternative Fund was 0.16. The lowest was 0.12. And the median was 0.14.
DMA's Debt-to-Equity is ranked better than 65.59% of 962
companies
in the Asset Management industry
Industry Median: 0.21
vs DMA: 0.12
Destra Multi-Alternative Fund (NYSE:DMA) Debt-to-Equity Explanation
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
Destra Multi-Alternative Fund Debt-to-Equity Historical Data
* 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.
Destra Multi-Alternative Fund Debt-to-Equity Chart
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 Debt-to-Equity vs 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.
* 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.
Destra Multi-Alternative Fund (DMA) has a Debt-to-Equity of 0.12 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Destra Multi-Alternative Fund and its competitors. This is 14% below median its historical median of 0.14. Over the past decade, Destra Multi-Alternative Fund's Debt-to-Equity has ranged from 0.12 to 0.16. According to the industry distribution chart, Destra Multi-Alternative Fund ranks #331 out of 962 companies in the Asset Management industry, placing it in the top 34.4%.
Is Destra Multi-Alternative Fund's Debt-to-Equity too high?
Destra Multi-Alternative Fund's current Debt-to-Equity of 0.12 is 14% below median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.16. The Asset Management industry median Debt-to-Equity is 0.21. Destra Multi-Alternative Fund's value of 0.12 is 42.9% below this industry median. Based on the distribution chart, Destra Multi-Alternative Fund ranks #331 out of 962 companies in the Asset Management industry, which is above the industry midpoint. Overall, Destra Multi-Alternative Fund has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Destra Multi-Alternative Fund's Debt-to-Equity compare to CYPH and VLT?
According to the Asset Management industry distribution chart, Destra Multi-Alternative Fund ranks #331 out of 962 companies for Debt-to-Equity. This puts Destra Multi-Alternative Fund in the upper half of its industry. The industry median Debt-to-Equity is 0.21. Destra Multi-Alternative Fund's value of 0.12 is 42.9% below this benchmark. Historically, Destra Multi-Alternative Fund's own Debt-to-Equity has ranged from 0.12 to 0.16 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 0.21, Destra Multi-Alternative Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 962 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Destra Multi-Alternative Fund's current Debt-to-Equity of 0.12 is 42.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Destra Multi-Alternative Fund and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Destra Multi-Alternative Fund's current Debt-to-Equity is 0.12, which is 14% below median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Destra Multi-Alternative Fund stock overvalued right now?
Destra Multi-Alternative Fund (DMA) has a current Debt-to-Equity of 0.12. The current Debt-to-Equity is 0.12, which is 14% below median its 10-year median of 0.14 and 42.9% below the Asset Management industry median of 0.21. Destra Multi-Alternative Fund's overall GF Score™ is 23/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Destra Multi-Alternative Fund (DMA), the current Debt-to-Equity is 0.12 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Destra Multi-Alternative Fund Business Description
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. The Fund pursues its investment objective by investing mainly in the income-producing securities of real estate investment trusts (REITs) and alternative investment funds, as well as common stocks and structured notes, bonds, and asset-backed securities.
23GF Score
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