EFR (Eaton Vance Senior Floating Rate Trust) LT-Debt-to-Total-Asset : 0.20 (As of Apr. 2024)

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What is Eaton Vance Senior Floating Rate Trust 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. Eaton Vance Senior Floating Rate Trust's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.20.

Eaton Vance Senior Floating Rate Trust's long-term debt to total assets ratio declined from Apr. 2023 (0.21) to Apr. 2024 (0.20). It may suggest that Eaton Vance Senior Floating Rate Trust is progressively becoming less dependent on debt to grow their business.

Eaton Vance Senior Floating Rate Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eaton Vance Senior Floating Rate Trust'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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Eaton Vance Senior Floating Rate Trust LT-Debt-to-Total-Asset Chart

Eaton Vance Senior Floating Rate Trust Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.25

0.27

0.18

0.23

0.19

Eaton Vance Senior Floating Rate Trust Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.23	0.23	0.21	0.19	0.20

Eaton Vance Senior Floating Rate Trust LT-Debt-to-Total-Asset Calculation

Eaton Vance Senior Floating Rate Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	110	/	586.017
	=	0.19

Eaton Vance Senior Floating Rate Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (Q: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2024 )	/	Total Assets (Q: Apr. 2024 )
	=	120	/	602.076
	=	0.20

Eaton Vance Senior Floating Rate Trust (NYSE:EFR) 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.

Eaton Vance Senior Floating Rate Trust LT-Debt-to-Total-Asset Related Terms

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Eaton Vance Senior Floating Rate Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Senior Floating Rate Trust (NYSE:EFR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two International Place, Boston, MA, USA, 02110

Website

https://www.eatonvance.com

Eaton Vance Senior Floating Rate Trust is a diversified, closed-end management investment company. Its primary investment objective is to provide a high level of current income. As a secondary objective, the fund intends to seek capital preservation. Its portfolio of investments consists of health care, industrial equipment, lodging and casinos, oil and gas, publishing, radio and television, telecommunications, and other areas. The trust invests in below investment grade floating rate loans, which are considered speculative because of the credit risk of their issuers.

Executives

Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Kenneth A Topping	officer: President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Anchal Pachnanda	officer: Officer	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Sarah Anne Choi	other: Portfolio Manager	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nancy A Wiser	other: Trustee	WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Deidre E Walsh	officer: Vice President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein	officer: President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Group Ag Ubs	10 percent owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Craig P Russ	other: Vice President
Catherine Mcdermott	other: Portfolio Manager	255 STATE STREET, BOSTON MA 02109