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FINS (Angel Oak Financial Stratsome Term) Debt-to-Equity : 0.41 (As of Jul. 2024)


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What is Angel Oak Financial Stratsome Term Debt-to-Equity?

Angel Oak Financial Stratsome Term's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil. Angel Oak Financial Stratsome Term's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $141.18 Mil. Angel Oak Financial Stratsome Term's Total Stockholders Equity for the quarter that ended in Jul. 2024 was $345.90 Mil. Angel Oak Financial Stratsome Term's debt to equity for the quarter that ended in Jul. 2024 was 0.41.

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 Angel Oak Financial Stratsome Term's Debt-to-Equity or its related term are showing as below:

FINS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35   Med: 0.4   Max: 0.44
Current: 0.41

During the past 5 years, the highest Debt-to-Equity Ratio of Angel Oak Financial Stratsome Term was 0.44. The lowest was 0.35. And the median was 0.40.

FINS's Debt-to-Equity is ranked worse than
66.74% of 968 companies
in the Asset Management industry
Industry Median: 0.19 vs FINS: 0.41

Angel Oak Financial Stratsome Term Debt-to-Equity Historical Data

The historical data trend for Angel Oak Financial Stratsome Term'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.

Angel Oak Financial Stratsome Term Debt-to-Equity Chart

Angel Oak Financial Stratsome Term Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24
Debt-to-Equity
0.35 0.41 0.39 0.42 0.40

Angel Oak Financial Stratsome Term Semi-Annual Data
Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.42 0.40 0.40 0.41

Competitive Comparison of Angel Oak Financial Stratsome Term's Debt-to-Equity

For the Asset Management subindustry, Angel Oak Financial Stratsome Term'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.

Angel Oak Financial Stratsome Term's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Angel Oak Financial Stratsome Term's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Angel Oak Financial Stratsome Term's Debt-to-Equity falls into.


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Angel Oak Financial Stratsome Term Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Angel Oak Financial Stratsome Term's Debt to Equity Ratio for the fiscal year that ended in Jan. 2024 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 + 139.287) / 346.982
=0.40

Angel Oak Financial Stratsome Term's Debt to Equity Ratio for the quarter that ended in Jul. 2024 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 + 141.18) / 345.901
=0.41

* 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.

Angel Oak Financial Stratsome Term  (NYSE:FINS) 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.

Angel Oak Financial Stratsome Term Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Angel Oak Financial Stratsome Term's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Angel Oak Financial Stratsome Term Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Angel Oak Financial Strats Income Term (NYSE:FINS) » Definitions » Debt-to-Equity
Comparable Companies
MIY BRW BRDG BFZ AWP SPXX FOF PFL RFMZ TPVG BLK BX KKR TSX:BAM OSTO:INVE A TSX:BN APO AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
N/A
Address
3344 Peachtree Road NE, Suite 1725, Atlanta, GA, USA, 30326
Website
https://www.angeloakcapital.com
Angel Oak Financial Strats Income Term is a non-diversified, closed-end management investment company. The fund's objective is to seek current income with a secondary objective of total return. In pursuing its investment objective, the fund invests mainly in debt issued by financial institutions, including subordinated debt, unrated debt, senior debt, and high-yield securities.
Executives
Johannes Palsson other: Portfolio Manager 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Kevin Parks other: Portfolio Manager Affil. Fund 145 WEST 57TH STREET, 19TH FLOOR, NEW YORK NY 10019
William Eldredge officer: Chief Compliance Officer C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Angel Oak Capital Partners Ii, Llc other: General Partner of Adviser 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30309
Kevin Sluss officer: Secretary C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Navid Abghari other: Portfolio Manager 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sun Life Financial Inc 10 percent owner SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Assurance Co Of Canada 10 percent owner ONE YORK STREET, TORONTO A6 M5J 0B6
Massachusetts Mutual Life Insurance Co 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
Michael Fierman other: Investment Adviser Principal ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Daniel Asher 10 percent owner 111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Angel Oak Capital Advisors, Llc other: Investment Adviser ONE BUCKHEAD PLAZA, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305-2240
John R Hsu officer: Secretary C/O ANGEL OAK CAPITAL ADVISORS, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Cheryl Pate other: Portfolio Manager 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sreeniwas Prabhu director ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305