Highland Opportunities andome Fund (Highland Opportunities andome Fund) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Highland Opportunities andome Fund Debt-to-Equity?

Highland Opportunities andome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Highland Opportunities andome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $20.69 Mil. Highland Opportunities andome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $870.42 Mil. Highland Opportunities andome Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Highland Opportunities andome Fund's Debt-to-Equity or its related term are showing as below:

HFRO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.21 Max: 0.46
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of Highland Opportunities andome Fund was 0.46. The lowest was 0.02. And the median was 0.21.

HFRO's Debt-to-Equity is ranked better than
93.79% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs HFRO: 0.02

Highland Opportunities andome Fund Debt-to-Equity Historical Data

The historical data trend for Highland Opportunities andome 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.

Highland Opportunities andome Fund Debt-to-Equity Chart

Highland Opportunities andome Fund Annual Data

Trend

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.21

0.02

Highland Opportunities andome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-	-	0.02	0.02	0.02

Competitive Comparison of Highland Opportunities andome Fund's Debt-to-Equity

For the Asset Management subindustry, Highland Opportunities andome 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.

Highland Opportunities andome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Highland Opportunities andome Fund's Debt-to-Equity falls into.

Highland Opportunities andome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Highland Opportunities andome Fund's Debt to Equity Ratio for the fiscal year that ended in Dec. 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	+	20.69)	/	870.416
	=	0.02

Highland Opportunities andome Fund's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	20.69)	/	870.416
	=	0.02

Highland Opportunities andome Fund (NYSE:HFRO) 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.

Highland Opportunities andome Fund Debt-to-Equity Related Terms

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

Highland Opportunities andome Fund (Highland Opportunities andome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highland Opportunities and Income Fund (NYSE:HFRO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HFROpA.PFD:USA

Address

300 Crescent Court, Suite 700, Dallas, TX, USA, 75201

Website

https://www.nexpointassetmgmt.com

Highland Opportunities and Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to provide a high level of current income, consistent with the preservation of capital. The company's portfolio of investments includes different industry investments such as financial, chemicals, energy, healthcare, industrial, manufacturing, and others.

Executives

Robert J Froehlich	director	405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Dorri Mcwhorter	director	6431 OAKTON STREET, C/O LIFEWAY FOODS, INC., MORTON GROVE IL 60053
Pamela B Corrie	director	100 PIER 1 PLACE, FORT WORTH TX 76102
Stephanie Vitiello	officer: Chief Compliance Officer	NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Brian Mitts	officer: PEO, PFO & Assistant Treasurer	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Dustin David Norris	director, officer: Secretary	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
James Bradley Ross	officer: See Remarks	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Bryan A Ward	director	3625 ROSEDALE, DALLAS TX 75205
Robert Jason Post	officer: Chief Compliance Officer	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Clifford Stoops	officer: Assistant Treasurer	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Frank George Waterhouse	officer: See Remarks	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Ethan Powell	director	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
John Honis	director	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Timothy K Hui	director	48 WILLOW GREEN DRIVE, CHURCHVILLE PA 18966
Parker Lee Blackwell Iii	officer: Executive Vice President	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201