DNP (DNP Selectome Fund) LT-Debt-to-Total-Asset : 0.22 (As of Oct. 2024)

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What is DNP Selectome Fund LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. DNP Selectome Fund's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.22.

DNP Selectome Fund's long-term debt to total assets ratio declined from Oct. 2023 (0.26) to Oct. 2024 (0.22). It may suggest that DNP Selectome Fund is progressively becoming less dependent on debt to grow their business.

DNP Selectome Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for DNP Selectome Fund's LT-Debt-to-Total-Asset 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.

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DNP Selectome Fund LT-Debt-to-Total-Asset Chart

DNP Selectome Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

LT-Debt-to-Total-Asset

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0.19

0.21

0.26

0.22

DNP Selectome Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.21	0.21	0.26	0.25	0.22

DNP Selectome Fund LT-Debt-to-Total-Asset Calculation

DNP Selectome Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (A: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2024 )	/	Total Assets (A: Oct. 2024 )
	=	972.585	/	4437.4
	=	0.22

DNP Selectome Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	972.585	/	4437.4
	=	0.22

DNP Selectome Fund (NYSE:DNP) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

DNP Selectome Fund LT-Debt-to-Total-Asset Related Terms

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DNP Selectome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DNP Select Income Fund Inc (NYSE:DNP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 South Wacker Drive, Suite 1900, 19th Floor, Chicago, IL, USA, 60606

Website

https://www.dpimc.com

DNP Select Income Fund Inc is a closed-ended investment management fund. The primary investment objectives of the fund are current income and long-term growth of income. Its secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing in the public utility industry.

Executives

Geraldine M Mcnamara	director	150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Grumhaus David D Jr.	other: Officer of the Adviser	200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Daniel Petrisko	officer: VP and Asst. Secy.	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Kyle P. West	other: Portfolio Manager	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 S. WACKER DR., SUITE 500, CHICAGO IL 60606
Luecke Connie M	other: Officer of the Adviser	55 E MONROE ST SUITE 3600, CHICAGO IL 60603
Mareile B. Cusack	director	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Timothy P. Riordan	officer: Vice President	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Kathleen Hegyi	officer: CCO	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 SOUTH WACKER DRIVE, CHICAGO IL 60606
David J Vitale	director	C/O DNP SELECT INCOME FUND INC., 55 EAST MONROE ST, CHICAGO IL 60603
Robert J Genetski	director	195 N. HARBOR DR, SUITE 4903, CHICAGO IL 60601
Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
Hoffman Clifford W. Jr.	director	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 E. WACKER DR., CHICAGO IL 60606
Lion Connecticut Holdings Inc.	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095
Voya Financial, Inc.	10 percent owner	230 PARK AVENUE, NEW YORK NY 10169