Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) Debt-to-Equity : 0.56 (As of Jun. 2020)

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What is Manulife Floating Rate Senior Loan Fund Debt-to-Equity?

Manulife Floating Rate Senior Loan Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was C$0.00 Mil. Manulife Floating Rate Senior Loan Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was C$34.05 Mil. Manulife Floating Rate Senior Loan Fund's Total Stockholders Equity for the quarter that ended in Jun. 2020 was C$60.89 Mil. Manulife Floating Rate Senior Loan Fund's debt to equity for the quarter that ended in Jun. 2020 was 0.56.

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 Manulife Floating Rate Senior Loan Fund's Debt-to-Equity or its related term are showing as below:

TSX:MFR.UN'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.

Manulife Floating Rate Senior Loan Fund Debt-to-Equity Historical Data

The historical data trend for Manulife Floating Rate Senior Loan 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.

Manulife Floating Rate Senior Loan Fund Debt-to-Equity Chart

Manulife Floating Rate Senior Loan Fund Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

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0.66

0.56

0.66

0.61

Manulife Floating Rate Senior Loan Fund Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Debt-to-Equity	Get a 7-Day Free Trial										0.61	0.66	0.60	0.61	0.56

Competitive Comparison of Manulife Floating Rate Senior Loan Fund's Debt-to-Equity

For the Asset Management subindustry, Manulife Floating Rate Senior Loan 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.

Manulife Floating Rate Senior Loan Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Manulife Floating Rate Senior Loan Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Manulife Floating Rate Senior Loan Fund's Debt-to-Equity falls into.

Manulife Floating Rate Senior Loan Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Manulife Floating Rate Senior Loan Fund's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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	+	46.683)	/	76.414
	=	0.61

Manulife Floating Rate Senior Loan Fund's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	34.05)	/	60.885
	=	0.56

Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) 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.

Manulife Floating Rate Senior Loan Fund Debt-to-Equity Related Terms

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Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Bloor Street East, North Tower, Toronto, ON, CAN, M4W 1E5

Website

http://www.manulifeim.ca

Manulife Floating Rate Senior Loan Fund is a Canada based closed-end investment fund. Its investment objective is to provide holders of units with monthly distributions; to preserve capital and to provide the opportunity for increased income if short-term interest rates rise. It is formed to invest in an actively managed portfolio of investments in senior floating rate loans and, to a lesser extent, short duration debt securities.

Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) Headlines

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