Allspring Multi-Sectorome Fund (Allspring Multi-Sectorome Fund) Debt-to-Equity : 0.45 (As of Oct. 2023)

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What is Allspring Multi-Sectorome Fund Debt-to-Equity?

Allspring Multi-Sectorome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Allspring Multi-Sectorome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $119.00 Mil. Allspring Multi-Sectorome Fund's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $263.30 Mil. Allspring Multi-Sectorome Fund's debt to equity for the quarter that ended in Oct. 2023 was 0.45.

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

ERC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.4 Max: 0.45
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Allspring Multi-Sectorome Fund was 0.45. The lowest was 0.34. And the median was 0.40.

ERC's Debt-to-Equity is ranked worse than
70.84% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs ERC: 0.45

Allspring Multi-Sectorome Fund Debt-to-Equity Historical Data

The historical data trend for Allspring Multi-Sectorome 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.

Allspring Multi-Sectorome Fund Debt-to-Equity Chart

Allspring Multi-Sectorome Fund Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.43

0.40

0.39

0.45

Allspring Multi-Sectorome Fund Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.39	0.47	0.45	0.43	0.45

Competitive Comparison of Allspring Multi-Sectorome Fund's Debt-to-Equity

For the Asset Management subindustry, Allspring Multi-Sectorome 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.

Allspring Multi-Sectorome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Allspring Multi-Sectorome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Allspring Multi-Sectorome Fund's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 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	+	119)	/	263.297
	=	0.45

Allspring Multi-Sectorome Fund's Debt to Equity Ratio for the quarter that ended in Oct. 2023 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	+	119)	/	263.297
	=	0.45

Allspring Multi-Sectorome Fund (AMEX:ERC) 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.

Allspring Multi-Sectorome Fund Debt-to-Equity Related Terms

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

Allspring Multi-Sectorome Fund (Allspring Multi-Sectorome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Allspring Multi-Sector Income Fund (AMEX:ERC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

525 Market Street, San Francisco, CA, USA, 94105

Website

https://www.allspringglobal.com

Allspring Multi-Sector Income Fund is a closed-end investment management company. The company's core business is to secure a high level of income for its investors consistent with limiting its overall exposure to domestic interest rate risk. It invests in U.S. dollar-denominated below investment-grade bonds, debentures, and other income obligations, including loans and preferred stocks, developed and emerging market debt securities, including obligations of foreign governments or governmental entities, foreign corporations, or supranational agencies denominated in various currencies, asset backed securities and investment grade corporate bonds.

Executives

Jennifer Lea Grunberg	officer: Chief Compliance Officer	350 PARK AVENUE, ALLSPRING GLOBAL INVESTMENTS, NEW YORK NY 10022
Jonathan Crawford	officer: Chief Compliance Officer	BOW BELLS HOUSE, 1 BREAD STREET, LONDON X0 EC4M 4BE
Paul Werner Felsch	officer: Chief Complaince Officer	100 HERITAGE RESERVE, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS WI 53051
Jane A Freeman	director	ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105
Christopher Micah Baker	officer: Chief Compliance Officer	ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02356
Karin Brotman	officer: Chief Compliance Officer	ALLSPRING GLOBAL INVESTMENTS, 525 MARKET STREET, SAN FRANCISCO CA 94105
Kate Sandman Mckinley	officer: Chief Compliance Officer	ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02210
Richard Matthew Prasse	officer: Secretary	WELLS FARGO LAW DEPARTMENT, 125 HIGH STREET, FLOOR 13, BOSTON MA 02110-2704
Simon Fj Cockbill	officer: Chief Compliance Officer	WELLS FARGO BANK, 33 KING WILLIAM STREET, FLOOR 03, LONDON X0 EC4R 9AT
Christopher M Lee	other: Portfolio Manager	WELLS CAPITAL MANAGEMENT, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105
Alison Jane Hewitt	officer: Chief Compliance Officer	WELLS FARGO BANK, 33 KING WILLIAM STREET, FLOOR 01, LONDON X0 EC4R 9AT
Michael Joseph Schueller	other: Portfolio Manager	100 HERITAGE RESERVE, 2ND FLOOR, WELLS CAPITAL MANAGEMENT, MENOMONEE FALLS WI 53051-4400
Daniel J. Mavico	officer: Chief Compliance Officer	401 S TRYON STREET, FLOOR 2, CHARLOTTE NC 28202-1911
Kevin T. Roskopf	other: Share Repurchase Committee Mem	WELLS FARGO ASSET MANAGEMENT, 100 HERITAGE RESERVE, 1ST FLOOR, MENOMONEE FALLS WI 53051-4400
Catherine Jane Ibbotson	officer: Chief Compliance Officer	1 PLANTATION PL 30 FENCHURCH ST, LONDON X0 EC3M 3BD

Allspring Multi-Sectorome Fund (Allspring Multi-Sectorome Fund) Headlines

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