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PAXS (PIMCO Accessome Fund) Debt-to-Equity : 0.75 (As of Jun. 2024)


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What is PIMCO Accessome Fund Debt-to-Equity?

PIMCO Accessome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. PIMCO Accessome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $496.23 Mil. PIMCO Accessome Fund's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $662.64 Mil. PIMCO Accessome Fund's debt to equity for the quarter that ended in Jun. 2024 was 0.75.

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 PIMCO Accessome Fund's Debt-to-Equity or its related term are showing as below:

PAXS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56   Med: 0.75   Max: 0.78
Current: 0.75

During the past 3 years, the highest Debt-to-Equity Ratio of PIMCO Accessome Fund was 0.78. The lowest was 0.56. And the median was 0.75.

PAXS's Debt-to-Equity is ranked worse than
82.34% of 974 companies
in the Asset Management industry
Industry Median: 0.2 vs PAXS: 0.75

PIMCO Accessome Fund Debt-to-Equity Historical Data

The historical data trend for PIMCO Accessome 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.

PIMCO Accessome Fund Debt-to-Equity Chart

PIMCO Accessome Fund Annual Data
Trend Jun22 Jun23 Jun24
Debt-to-Equity
0.56 0.78 0.75

PIMCO Accessome Fund Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Equity 0.56 0.86 0.78 0.76 0.75

Competitive Comparison of PIMCO Accessome Fund's Debt-to-Equity

For the Asset Management subindustry, PIMCO Accessome 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.

PIMCO Accessome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where PIMCO Accessome Fund's Debt-to-Equity falls into.


PIMCO Accessome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PIMCO Accessome Fund's Debt to Equity Ratio for the fiscal year that ended in Jun. 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 + 496.233) / 662.635
=0.75

PIMCO Accessome Fund's Debt to Equity Ratio for the quarter that ended in Jun. 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 + 496.233) / 662.635
=0.75

* 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.

PIMCO Accessome Fund  (NYSE:PAXS) 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.

PIMCO Accessome Fund Debt-to-Equity Related Terms

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

PIMCO Accessome Fund Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PIMCO Access Income Fund (NYSE:PAXS) » Definitions » Debt-to-Equity
Comparable Companies
CCAP PCN IGR FAX PFLT TRIN HTD BOE VVR EOI BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
1633 Broadway, New York, NY, USA, 10019
Website
https://www.pimco.com
PIMCO Access Income Fund is a non-diversified, limited-term, closed-end management investment company. The fund seeks current income as an objective and capital appreciation as a secondary objective. It achieves the investment objectives by utilizing a dynamic asset allocation among multiple sectors in the public and private credit markets, including corporate debt.
Executives
Sarah E Cogan director 1633 BROADWAY, NEW YORK NY 10019
Thibault Christian Stracke other: SEE REMARKS C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Gregory John Mason officer: VICE PRESIDENT C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Jason Raul Duran officer: VICE PRESIDENT C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Maria Marchenko Golota officer: ASSISTANT TREASURER C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Jason Robert Steiner other: SEE REMARKS 650 NEWPORT CENTER DR., NEWPORT BEACH CA 92660
Qi Wang other: SEE REMARKS C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Kenneth W. Lee officer: Vice President C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Douglas Benjamin Burrill officer: Vice President C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Kathleen Ann Mccartney director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Keith Adam Werber officer: VICE PRESIDENT C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Elizabeth Davis Cantrill other: SEE REMARKS C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Fisher David Nichols Iii director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
John C Maney director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Julie Ann Meggers other: SEE REMARKS C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660

PIMCO Accessome Fund Headlines