DPG (Duff & Phelps Utility & Infrastructure Fund) Debt-to-Equity: 0.22 (As of Apr. 2026) — 19% Below Median

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DPG Duff & Phelps Utility & Infrastructure Fund Inc. DPG
33 GF Score
Price $14.72
! 5 Warning Signs
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What is Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity?

Duff & Phelps Utility & Infrastructure Fund DPG -0.88% 33 Debt-to-Equity is 0.22 as of Apr. 2026, which is 19% below its 10-year median of 0.27. GuruFocus rates DPG with a GF Score™ of 33/100. The stock has 5 warning signs investors should review. Among 960 Asset Management companies, Duff & Phelps Utility & Infrastructure Fund ranks worse than 50.63% on this metric.

Duff & Phelps Utility & Infrastructure Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was $0.0 Mil. Duff & Phelps Utility & Infrastructure Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was $135.0 Mil. Duff & Phelps Utility & Infrastructure Fund's Total Stockholders Equity for the quarter that ended in Apr. 2026 was $610.7 Mil. Duff & Phelps Utility & Infrastructure Fund's debt to equity for the quarter that ended in Apr. 2026 was 0.22.

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 Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity or its related term are showing as below:

DPG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22   Med: 0.27   Max: 0.33
Current: 0.22

During the past 9 years, the highest Debt-to-Equity Ratio of Duff & Phelps Utility & Infrastructure Fund was 0.33. The lowest was 0.22. And the median was 0.27.

DPG's Debt-to-Equity is ranked worse than
50.63% of 960 companies
in the Asset Management industry
Industry Median: 0.21 vs DPG: 0.22

Duff & Phelps Utility & Infrastructure Fund  (NYSE:DPG) 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.


Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity Related Terms


Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Duff & Phelps Utility & Infrastructure 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.

Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity Chart

Duff & Phelps Utility & Infrastructure Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.32 0.33 0.33 0.26 0.26

Duff & Phelps Utility & Infrastructure Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.26 0.25 0.26 0.22

DPG vs TWN, IQI, THW: Debt-to-Equity Comparison

For the Asset Management subindustry, Duff & Phelps Utility & Infrastructure 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.


Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity falls into.


DPG
33GF Score
Duff & Phelps Utility & Infrastructure Fund Inc. DPG
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Duff & Phelps Utility & Infrastructure Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Duff & Phelps Utility & Infrastructure Fund's Debt to Equity Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Duff & Phelps Utility & Infrastructure Fund's Debt to Equity Ratio for the quarter that ended in Apr. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.22 mean?
Duff & Phelps Utility & Infrastructure Fund (DPG) has a Debt-to-Equity of 0.22 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Duff & Phelps Utility & Infrastructure Fund and its competitors. This is 19% below median its historical median of 0.27. Over the past decade, Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity has ranged from 0.22 to 0.33. According to the industry distribution chart, Duff & Phelps Utility & Infrastructure Fund ranks #486 out of 960 companies in the Asset Management industry, placing it in the top 50.6%.
Is Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity too high?
Duff & Phelps Utility & Infrastructure Fund's current Debt-to-Equity of 0.22 is 19% below median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.33. The Asset Management industry median Debt-to-Equity is 0.21. Duff & Phelps Utility & Infrastructure Fund's value of 0.22 is 4.8% above this industry median. Based on the distribution chart, Duff & Phelps Utility & Infrastructure Fund ranks #486 out of 960 companies in the Asset Management industry, which is below the industry midpoint. Overall, Duff & Phelps Utility & Infrastructure Fund has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Duff & Phelps Utility & Infrastructure Fund's Debt-to-Equity compare to TWN and IQI?
According to the Asset Management industry distribution chart, Duff & Phelps Utility & Infrastructure Fund ranks #486 out of 960 companies for Debt-to-Equity. This places Duff & Phelps Utility & Infrastructure Fund in the lower half of its industry. The industry median Debt-to-Equity is 0.21. Duff & Phelps Utility & Infrastructure Fund's value of 0.22 is 4.8% above this benchmark. Historically, Duff & Phelps Utility & Infrastructure Fund's own Debt-to-Equity has ranged from 0.22 to 0.33 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.21, Duff & Phelps Utility & Infrastructure Fund has consistently been above 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 960 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. Duff & Phelps Utility & Infrastructure Fund's current Debt-to-Equity of 0.22 is 4.8% above 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 Duff & Phelps Utility & Infrastructure 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. Duff & Phelps Utility & Infrastructure Fund's current Debt-to-Equity is 0.22, which is 19% below median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duff & Phelps Utility & Infrastructure Fund stock overvalued right now?
Duff & Phelps Utility & Infrastructure Fund (DPG) has a current Debt-to-Equity of 0.22. The current Debt-to-Equity is 0.22, which is 19% below median its 10-year median of 0.27 and 4.8% above the Asset Management industry median of 0.21. Duff & Phelps Utility & Infrastructure Fund's overall GF Score™ is 33/100 with 5 warning signs 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 Duff & Phelps Utility & Infrastructure Fund (DPG), the current Debt-to-Equity is 0.22 as of Apr. 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.

Duff & Phelps Utility & Infrastructure Fund Business Description

Address 10 South Wacker Drive, Suite 1900, 19th Floor, Chicago, IL, USA, 60606
Duff & Phelps Utility & Infrastructure Fund Inc. is an investment fund, and its objective is to seek total return, derived mainly from a high level of current income, with an emphasis on providing tax-advantaged dividend income and growth in current income, and secondarily from capital appreciation.
33GF Score

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