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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.
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.
Eaton Vance National Municipal Opportunities Trust Debt-to-Equity Related Terms
Eaton Vance National Municipal Opportunities Trust 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.
Eaton Vance National Municipal Opportunities Trust Debt-to-Equity Chart
Eaton Vance National Municipal Opportunities Trust Annual Data
* 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.
Eaton Vance National Municipal Opportunities Trust Debt-to-Equity vs Asset Management Industry
* 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.
Eaton Vance National Municipal Opportunities Trust (EOT) has a Debt-to-Equity of 0.14 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Eaton Vance National Municipal Opportunities Trust and its competitors. This is 27% above median its historical median of 0.11. Over the past decade, Eaton Vance National Municipal Opportunities Trust's Debt-to-Equity has ranged from 0.06 to 0.14. According to the industry distribution chart, Eaton Vance National Municipal Opportunities Trust ranks #368 out of 956 companies in the Asset Management industry, placing it in the top 38.5%.
Is Eaton Vance National Municipal Opportunities Trust's Debt-to-Equity too high?
Eaton Vance National Municipal Opportunities Trust's current Debt-to-Equity of 0.14 is 27% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.14. The Asset Management industry median Debt-to-Equity is 0.21. Eaton Vance National Municipal Opportunities Trust's value of 0.14 is 33.3% below this industry median. Based on the distribution chart, Eaton Vance National Municipal Opportunities Trust ranks #368 out of 956 companies in the Asset Management industry, which is above the industry midpoint. Overall, Eaton Vance National Municipal Opportunities Trust has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance National Municipal Opportunities Trust's Debt-to-Equity compare to XFLT and TDF?
According to the Asset Management industry distribution chart, Eaton Vance National Municipal Opportunities Trust ranks #368 out of 956 companies for Debt-to-Equity. This puts Eaton Vance National Municipal Opportunities Trust in the upper half of its industry. The industry median Debt-to-Equity is 0.21. Eaton Vance National Municipal Opportunities Trust's value of 0.14 is 33.3% below this benchmark. Historically, Eaton Vance National Municipal Opportunities Trust's own Debt-to-Equity has ranged from 0.06 to 0.14 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.21, Eaton Vance National Municipal Opportunities Trust 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 956 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. Eaton Vance National Municipal Opportunities Trust's current Debt-to-Equity of 0.14 is 33.3% 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 Eaton Vance National Municipal Opportunities Trust 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. Eaton Vance National Municipal Opportunities Trust's current Debt-to-Equity is 0.14, which is 27% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance National Municipal Opportunities Trust stock overvalued right now?
Eaton Vance National Municipal Opportunities Trust (EOT) has a current Debt-to-Equity of 0.14. The current Debt-to-Equity is 0.14, which is 27% above median its 10-year median of 0.11 and 33.3% below the Asset Management industry median of 0.21. Eaton Vance National Municipal Opportunities Trust's overall GF Score™ is 34/100 with 4 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 Eaton Vance National Municipal Opportunities Trust (EOT), the current Debt-to-Equity is 0.14 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.
Eaton Vance National Municipal Opportunities Trust is a diversified, closed-end management investment company. The company's investment objective is to provide current income exempt from regular federal income tax and to achieve capital appreciation. The company invests a majority of its assets in debt obligations issued by or on behalf of states, territories, and possessions of the United States, including the District of Columbia, and their political subdivisions, agencies, or instrumentalities, the interest on which is exempt from regular federal income tax.
34GF Score
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