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Eagle Point Credit Co (Eagle Point Credit Co) Debt-to-Equity : 0.21 (As of Dec. 2023)


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What is Eagle Point Credit Co Debt-to-Equity?

Eagle Point Credit Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Eagle Point Credit Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $157.7 Mil. Eagle Point Credit Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $735.8 Mil. Eagle Point Credit Co's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

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 Eagle Point Credit Co's Debt-to-Equity or its related term are showing as below:

ECC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21   Med: 0.28   Max: 0.33
Current: 0.21

During the past 7 years, the highest Debt-to-Equity Ratio of Eagle Point Credit Co was 0.33. The lowest was 0.21. And the median was 0.28.

ECC's Debt-to-Equity is ranked worse than
51.23% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs ECC: 0.21

Eagle Point Credit Co Debt-to-Equity Historical Data

The historical data trend for Eagle Point Credit Co'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.

Eagle Point Credit Co Debt-to-Equity Chart

Eagle Point Credit Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.33 0.26 0.27 0.30 0.21

Eagle Point Credit Co Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.35 0.30 0.27 0.21

Competitive Comparison of Eagle Point Credit Co's Debt-to-Equity

For the Asset Management subindustry, Eagle Point Credit Co'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.


Eagle Point Credit Co's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eagle Point Credit Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Eagle Point Credit Co's Debt-to-Equity falls into.



Eagle Point Credit Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eagle Point Credit Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Eagle Point Credit Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


Eagle Point Credit Co  (NYSE:ECC) 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.


Eagle Point Credit Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Eagle Point Credit Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Eagle Point Credit Co (Eagle Point Credit Co) Business Description

Traded in Other Exchanges
N/A
Address
600 Steamboat Road, Suite 202, Greenwich, CT, USA, 06830
Eagle Point Credit Co Inc is an externally managed, non-diversified closed-end management investment company.
Executives
Trident Ecc Aggregator Lp 10 percent owner C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Trident Capital Ix, L.p. 10 percent owner STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Kenneth P. Onorio officer: CFO / CCO / Secretary 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Thomas P. Majewski director, officer: Chief Executive Officer, other: Portfolio Manager 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Oa Eagle Group Investors, Llc other: See Remarks below 126 OTTAWA AVENUE NW, STE 500, GRAND RAPIDS MI 49503
Oa Eagle Group Investors Ii, Llc other: See Remarks below 126 OTTAWA AVENUE NW, STE 500, GRAND RAPIDS MI 49503
Ottawa Avenue Private Capital, Llc other: See Remarks below 126 OTTAWA AVENUE, NW, SUITE 500, GRAND RAPIDS MI 49503
Scott Johnathan Bronner other: Affiliate of Adviser C/O STONE POINT CAPITAL, 20 HORSENECK LANE, GREENWICH CT 06830
Kevin F. Mcdonald director 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Scott W. Appleby director 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Nauman S. Malik other: General Counsel of Inv. Adv. 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Paul E. Tramontano director 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Daniel M. Spinner other: Portfolio Manager 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Jerry L Tubergen other: See Remarks below
Eagle Point Credit Management Llc other: Investment Adviser 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830