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Guggenheim Enhanced Equityome Fund (Guggenheim Enhanced Equityome Fund) Debt-to-Equity : 0.45 (As of Jun. 2021)


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What is Guggenheim Enhanced Equityome Fund Debt-to-Equity?

Guggenheim Enhanced Equityome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $0.0 Mil. Guggenheim Enhanced Equityome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $190.0 Mil. Guggenheim Enhanced Equityome Fund's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $420.0 Mil. Guggenheim Enhanced Equityome Fund's debt to equity for the quarter that ended in Jun. 2021 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 Guggenheim Enhanced Equityome Fund's Debt-to-Equity or its related term are showing as below:

GPM's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Guggenheim Enhanced Equityome Fund Debt-to-Equity Historical Data

The historical data trend for Guggenheim Enhanced Equityome 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.

Guggenheim Enhanced Equityome Fund Debt-to-Equity Chart

Guggenheim Enhanced Equityome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Debt-to-Equity
0.46 0.44 0.45 0.45

Guggenheim Enhanced Equityome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Debt-to-Equity Get a 7-Day Free Trial 0.45 0.45 0.44 0.45 0.45

Competitive Comparison of Guggenheim Enhanced Equityome Fund's Debt-to-Equity

For the Asset Management subindustry, Guggenheim Enhanced Equityome 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.

Guggenheim Enhanced Equityome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Guggenheim Enhanced Equityome Fund's Debt-to-Equity falls into.


Guggenheim Enhanced Equityome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guggenheim Enhanced Equityome Fund's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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 + 159) / 356.074
=0.45

Guggenheim Enhanced Equityome Fund's Debt to Equity Ratio for the quarter that ended in Jun. 2021 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 + 190) / 419.972
=0.45

* 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.

Guggenheim Enhanced Equityome Fund  (NYSE:GPM) 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.

Guggenheim Enhanced Equityome Fund Debt-to-Equity Related Terms

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

Guggenheim Enhanced Equityome Fund (Guggenheim Enhanced Equityome Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Guggenheim Enhanced Equity Income Fund (NYSE:GPM) » Definitions » Debt-to-Equity
Comparable Companies
STK GIM IFN BRDG GAIN MVF TPVG ETB BLW HPI BLK TSX:BAM.A BX OSTO:INVE A KKR BK APO AMP TROW XSWX:PGHN
Traded in Other Exchanges
N/A
Address
227 West Monroe Street, Chicago, IL, USA, 60606
Website
https://www.guggenheiminvestments.com
Guggenheim Enhanced Equity Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek a high level of current income and gains with a secondary objective of long-term capital appreciation. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities.
Executives
Hollowell Iii Orenzo Perry other: Portfolio Manager 330 MADISON AVENUE, NEW YORK NY 10017
Toupin Ronald E Jr director, other: Trustee 117 ASHLAND AVENUE, RIVER FOREST IL 60305
Lydon Thomas F Jr director, other: Trustee
Angela Brock-kyle director, other: Trustee 3700 COLONNADE PARKWAY, BIRMINGHAM AL 35243
Sandra G Sponem director, other: Trustee 800 NICOLLET MALL, J1012057, MINNEAPOLIS MN 55402-7020
William Rehder officer: Assistant Vice President 227 W MONROE STREET, CHICAGO IL 60606
Maynard F. Oliverius director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60532
Jon Szafran officer: Assistant Treasurer 227 W. MONROE STREET, CHICAGO IL 60606
Brian E. Binder officer: President and CEO C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 11752
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Scott A Hammond other: Portfolio Manager 227 W. MONROE STREET CHICAGO IL 60606
Keith David Kemp officer: Assistant Treasurer MACQUARIE FUND ADVISER LLC, 125 WEST 55TH STREET, NEW YORK NY 10019
Glenn Mcwhinnie officer: Assistant Treasurer 227 W. MONROE STREET, CHICAGO IL 60606
Qi Yan other: Portfolio Manager 100 WILSHIRE BOULEVARD SANTA MONICA CA 90401
Adam J Nelson officer: Assistant Treasurer 227 WEST MONROE STREET, CHICAGO IL 60606