First Trust Inter Dur Pref&ome Fund (First Trust Inter Dur Pref&ome Fund) Debt-to-Equity : 0.54 (As of Oct. 2023)

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What is First Trust Inter Dur Pref&ome Fund Debt-to-Equity?

First Trust Inter Dur Pref&ome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. First Trust Inter Dur Pref&ome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $553.20 Mil. First Trust Inter Dur Pref&ome Fund's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $1,020.67 Mil. First Trust Inter Dur Pref&ome Fund's debt to equity for the quarter that ended in Oct. 2023 was 0.54.

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 First Trust Inter Dur Pref&ome Fund's Debt-to-Equity or its related term are showing as below:

FPF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.45 Max: 0.54
Current: 0.54

During the past 7 years, the highest Debt-to-Equity Ratio of First Trust Inter Dur Pref&ome Fund was 0.54. The lowest was 0.44. And the median was 0.45.

FPF's Debt-to-Equity is ranked worse than
75.34% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs FPF: 0.54

First Trust Inter Dur Pref&ome Fund Debt-to-Equity Historical Data

The historical data trend for First Trust Inter Dur Pref&ome 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.

First Trust Inter Dur Pref&ome Fund Debt-to-Equity Chart

First Trust Inter Dur Pref&ome Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.44

0.45

0.49

0.54

First Trust Inter Dur Pref&ome Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial								0.45	0.47	0.49	0.52	0.54

Competitive Comparison of First Trust Inter Dur Pref&ome Fund's Debt-to-Equity

For the Asset Management subindustry, First Trust Inter Dur Pref&ome 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.

First Trust Inter Dur Pref&ome Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust Inter Dur Pref&ome Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where First Trust Inter Dur Pref&ome Fund's Debt-to-Equity falls into.

First Trust Inter Dur Pref&ome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Trust Inter Dur Pref&ome 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	+	553.2)	/	1020.665
	=	0.54

First Trust Inter Dur Pref&ome 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	+	553.2)	/	1020.665
	=	0.54

First Trust Inter Dur Pref&ome Fund (NYSE:FPF) 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.

First Trust Inter Dur Pref&ome Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of First Trust Inter Dur Pref&ome Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

First Trust Inter Dur Pref&ome Fund (First Trust Inter Dur Pref&ome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust Inter Dur Pref& Income Fund (NYSE:FPF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

https://www.ftportfolios.com

First Trust Inter Dur Pref& Income Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek a high level of current income. Further, it has a secondary objective of capital appreciation. The Fund invests in the traditional preferred securities, hybrid preferred securities, floating rate & fixed-to-floating rate preferred securities, debt securities, convertible securities, and contingent convertible securities issued by U.S. and non-U.S. companies. Its investment portfolio includes industries such as Banks, Insurance, Capital Markets, Electric Utilities, Oil, Gas & Consumable Fuels, Food Products, and others.

Executives

Scott T Fleming	other: Officer-Investment Sub-Adviser	STONEBRIDGE ADVISORS, LLC, 187 DANBURY ROAD, WILTON CT 06897
Eric David Weaver	other: Portfolio Mgr. Sub-Advisor	C/O STONEBRIDGE ADVISORS LLC, 10 WESTPORT ROAD, SUITE C101, WILTON CT 06897
Angelo D Graci	other: Officer-Investment Sub-Advisor	C/O STONEBRIDGE ADVISORS LLC, 10 WESTPORT ROAD, SUITE C-101, WILTON CT 06897
Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Christopher John Brancazio	other: Officer-Investment Sub-Advisor	C/O STONEBRIDGE ADVISORS LLC, 10 WESTPORT ROAD, SUITE C-101, WILTON CT 06897
Abigail K Mooney	other: Officer-Investment Sub-Advisor	C/O STONEBRIDGE ADVISORS LLC, 10 WESTPORT ROAD, SUITE C-101, WILTON CT 06897
Kevin J Patton	other: Officer - Investment Advisor	C/O STONEBRIDGE ADVISORS LLC, 10 WESTPORT ROAD, SUITE C-101, WILTON CT 06897
Robert A Wolf	other: Officer-Investment Sub-Adviser	STONEBRIDGE ADVISORS LLC, 10 WESTPORT ROAD, SUITE C101, WILTON CT 06897
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer - Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Robert F Keith	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Craig S Prichard	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187