PFD (Flaherty & Crumrine Prefd Fund) Debt-to-Equity : 0.57 (As of Nov. 2024)

View and export this data going back to . Start your Free Trial

What is Flaherty & Crumrine Prefd Fund Debt-to-Equity?

Flaherty & Crumrine Prefd Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was $0.00 Mil. Flaherty & Crumrine Prefd Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was $91.10 Mil. Flaherty & Crumrine Prefd Fund's Total Stockholders Equity for the quarter that ended in Nov. 2024 was $160.08 Mil. Flaherty & Crumrine Prefd Fund's debt to equity for the quarter that ended in Nov. 2024 was 0.57.

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 Flaherty & Crumrine Prefd Fund's Debt-to-Equity or its related term are showing as below:

PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 0.54 Max: 0.65
Current: 0.57

During the past 8 years, the highest Debt-to-Equity Ratio of Flaherty & Crumrine Prefd Fund was 0.65. The lowest was 0.49. And the median was 0.54.

PFD's Debt-to-Equity is ranked worse than
76.06% of 965 companies
in the Asset Management industry
Industry Median: 0.19 vs PFD: 0.57

Flaherty & Crumrine Prefd Fund Debt-to-Equity Historical Data

The historical data trend for Flaherty & Crumrine Prefd 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.

Flaherty & Crumrine Prefd Fund Debt-to-Equity Chart

Flaherty & Crumrine Prefd Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Debt-to-Equity

Get a 7-Day Free Trial

0.49

0.51

0.62

0.65

0.57

Flaherty & Crumrine Prefd Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Debt-to-Equity	Get a 7-Day Free Trial										0.62	0.67	0.65	0.60	0.57

Competitive Comparison of Flaherty & Crumrine Prefd Fund's Debt-to-Equity

For the Asset Management subindustry, Flaherty & Crumrine Prefd 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.

Flaherty & Crumrine Prefd Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Flaherty & Crumrine Prefd Fund's Debt-to-Equity falls into.

Save Embed

;

Save Embed

;

Flaherty & Crumrine Prefd Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Flaherty & Crumrine Prefd Fund's Debt to Equity Ratio for the fiscal year that ended in Nov. 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	+	91.1)	/	160.082
	=	0.57

Flaherty & Crumrine Prefd Fund's Debt to Equity Ratio for the quarter that ended in Nov. 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	+	91.1)	/	160.082
	=	0.57

Flaherty & Crumrine Prefd Fund (NYSE:PFD) 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.

Flaherty & Crumrine Prefd Fund Debt-to-Equity Related Terms

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

Flaherty & Crumrine Prefd Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flaherty & Crumrine Prefd Inc Fund Inc (NYSE:PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101

Website

https://www.preferredincome.com

Flaherty & Crumrine Prefd Inc Fund Inc is a United States-based diversified, closed-end management investment company. Its investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. The fund invests in a diversified portfolio of preferred securities, which includes traditional preferred stocks eligible for the inter-corporate dividends received a deduction and fully taxable preferred securities.

Executives

Robert F Wulf	director	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Karen Hanovice Hogan	director	301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Chad Conwell	officer: VP & Asst. Compliance Officer	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Robert M Ettinger	officer: President	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Donald F Crumrine	director, officer: Chairman of the Board	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert E Chadwick	officer: CFO, VP, Secretary, Treasurer	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Christopher Douglas Ryan	officer: Vice President	310 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Martin Brody	director	C/O HMK ASSOCIATES, 30 COLUMBIA TURNPIKE, FLORHAM PARK NJ 07932
Laurie C Lodolo	officer: Asst CCO, Asst Treas, Asst Sec	301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
David Gale	director	220 MONTGOMERY STREET, SUITE 426, SAN FRANCISCO CA 94104
Bradford S Stone	officer: Vice President, Asst Treasurer	47 MAPLE ST. SUITE 403, SUMMIT NJ 07901