GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » New America High Income Fund Inc (NYSE:HYB) » Definitions » Liabilities-to-Assets

New America Highome Fund (New America Highome Fund) Liabilities-to-Assets : 0.31 (As of Dec. 2023)


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

What is New America Highome Fund Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. New America Highome Fund's Total Liabilities for the quarter that ended in Dec. 2023 was $85.94 Mil. New America Highome Fund's Total Assets for the quarter that ended in Dec. 2023 was $279.72 Mil. Therefore, New America Highome Fund's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.31.


New America Highome Fund Liabilities-to-Assets Historical Data

The historical data trend for New America Highome Fund's Liabilities-to-Assets 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.

New America Highome Fund Liabilities-to-Assets Chart

New America Highome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial 0.29 0.28 0.28 0.33 0.31

New America Highome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 0.32 0.33 0.32 0.31

Competitive Comparison of New America Highome Fund's Liabilities-to-Assets

For the Asset Management subindustry, New America Highome Fund's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


New America Highome Fund's Liabilities-to-Assets Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, New America Highome Fund's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where New America Highome Fund's Liabilities-to-Assets falls into.



New America Highome Fund Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

New America Highome Fund's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=85.939/279.718
=0.31

New America Highome Fund's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )=Total Liabilities/Total Assets
=85.939/279.718
=0.31

* 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.


New America Highome Fund  (NYSE:HYB) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


New America Highome Fund Liabilities-to-Assets Related Terms

Thank you for viewing the detailed overview of New America Highome Fund's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


New America Highome Fund (New America Highome Fund) Business Description

Traded in Other Exchanges
N/A
Address
33 Broad Street, Boston, MA, USA, 02109
New America High Income Fund Inc is a diversified, closed?end management investment company. Its investment objective is to provide high current income while seeking to preserve stockholder capital by investing in a diversified portfolio of high-yield fixed-income securities. The fund invests primarily in fixed-maturity corporate debt securities that are rated less than the investment grade. Its portfolio of investment consists of investments in different sectors such as energy, financial, cable operators, healthcare, and others.
Executives
Luis M Viceira director THE NEW AMERICA HIGH INCOME FUND, INC., 33 BROAD STREET, BOSTON MA 02109
Marguerite A Piret director C/O NEWBURY PIRET AND CO., 200 STATE STREET 12TH FLOOR, BOSTON MA 02109
Joseph I Bower director 32 WIGGINS AVENUE, BEDFORD MA 01730
Bernard J Korman director OMEGA HEALTHCARE INVESTORS INC, ANN ARBOR MI 48108
Ellen E Terry officer: Vice President and Treasurer 33 BTROAD STREET, BOSTON MA 02109
Oleg M Pohotsky director C/O HAMBRECHT & QUIST CAPITAL MANAGEMENT, 2 LIBERTY SQUARE, 9TH FLOOR, BOSTON MA 02109
Stuart A Mcfarland director C/O FORTRESS INVESTMENT GROUP, 1345 AVE OF THE AMERICAS 46TH FL, NEW YORK NY 10105
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc. 10 percent owner 4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Merrill Lynch & Co., Inc. 10 percent owner 4 WORLD FINANCIAL CTR, NEW YORK NY 10080
Robert F Birch director, officer: President C/O HYPERION BROOKFIELD ASSET MANAGEMENT, THREE WORLD FINANCIAL CENTER, 200 VESEY STREET, 10TH FLOOR NY 10281-1010
Ernest E Monrad director
Richard E Floor director, officer: Secretary C/O GOODWIN PROCTER LLP EXCHANGE PLACE, 26TH FLOOR, BOSTON MA 02109

New America Highome Fund (New America Highome Fund) Headlines

From GuruFocus

CORRECTION -- The New America High Income Fund, Inc.

By PurpleRose PurpleRose 07-12-2022

The New America High Income Fund, Inc. Declares Dividend

By GlobeNewswire GlobeNewswire 06-01-2023

The New America High Income Fund, Inc. Declares Dividend

By GlobeNewswire GlobeNewswire 08-01-2022

The New America High Income Fund, Inc. Declares Dividend

By GuruFocusNews GuruFocusNews 06-21-2022

The New America High Income Fund, Inc. Declares Dividend

By PurpleRose PurpleRose 07-11-2022

The New America High Income Fund, Inc. Declares Dividend

By GlobeNewswire GlobeNewswire 07-01-2022

CORRECTION -- The New America High Income Fund, Inc.

By GlobeNewswire GlobeNewswire 07-02-2022