RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) Equity-to-Asset : 0.99 (As of Dec. 2023)

RiverNorth/DoubleLine Strategic Opportunity Fund Equity-to-Asset Chart

RiverNorth/DoubleLine Strategic Opportunity Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial								1.00	1.00	0.99	0.99	0.99

Competitive Comparison of RiverNorth/DoubleLine Strategic Opportunity Fund's Equity-to-Asset

For the Asset Management subindustry, RiverNorth/DoubleLine Strategic Opportunity Fund's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

RiverNorth/DoubleLine Strategic Opportunity Fund's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth/DoubleLine Strategic Opportunity Fund's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where RiverNorth/DoubleLine Strategic Opportunity Fund's Equity-to-Asset falls into.

RiverNorth/DoubleLine Strategic Opportunity Fund Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

RiverNorth/DoubleLine Strategic Opportunity Fund's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

RiverNorth/DoubleLine Strategic Opportunity Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.

RiverNorth/DoubleLine Strategic Opportunity Fund  (NYSE:OPP) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

RiverNorth/DoubleLine Strategic Opportunity Fund Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of RiverNorth/DoubleLine Strategic Opportunity Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) Business Description