FAM (First Trust/aberdeen Global Oppoome) LT-Debt-to-Total-Asset : 0.20 (As of Jun. 2024)

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What is First Trust/aberdeen Global Oppoome 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. First Trust/aberdeen Global Oppoome's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.20.

First Trust/aberdeen Global Oppoome's long-term debt to total assets ratio increased from Jun. 2023 (0.19) to Jun. 2024 (0.20). It may suggest that First Trust/aberdeen Global Oppoome is progressively becoming more dependent on debt to grow their business.

First Trust/aberdeen Global Oppoome LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Trust/aberdeen Global Oppoome'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.

* Premium members only.

First Trust/aberdeen Global Oppoome LT-Debt-to-Total-Asset Chart

First Trust/aberdeen Global Oppoome Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.27

0.30

0.19

First Trust/aberdeen Global Oppoome Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.32	0.30	0.19	0.19	0.20

First Trust/aberdeen Global Oppoome LT-Debt-to-Total-Asset Calculation

First Trust/aberdeen Global Oppoome's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	16.6	/	87.633
	=	0.19

First Trust/aberdeen Global Oppoome's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	16.6	/	83.126
	=	0.20

First Trust/aberdeen Global Oppoome (NYSE:FAM) 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.

First Trust/aberdeen Global Oppoome LT-Debt-to-Total-Asset Related Terms

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First Trust/aberdeen Global Oppoome Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust/aberdeen Global Oppo Income (NYSE:FAM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

https://www.ftportfolios.com

First Trust/aberdeen Global Oppo Income is a United States-based diversified, closed-end management investment company. The fund's primary investment objective is to seek a high level of current income while its secondary objective is to seek capital appreciation. The fund seeks to achieve these objectives by investing its managed assets in the world bond markets through a diversified portfolio of investment-grade and below-investment-grade government and corporate debt securities.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Jaclyn Marie Matsick	other: Director-Investment Advisor	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Marika Tooze	director	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer-Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
George W Karpus	other: See Explanation of Responses
Scott Michael Friske	other: Officer-Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Mickey Janvier	other: Director of Sub-Adviser	C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
James Joseph O'connor	other: Director of Sub-Adviser	C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Joseph Andolina	other: Officer-Investment Sub-Advisor	1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Karpus Management, Inc.	10 percent owner	183 SULLY'S TRAIL, PITTSFORD NY 14534
Chris Demetriou	other: Officer-Invest. Sub-Advisor	1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Robert F Keith	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Ralph Bassett	other: Officer-Investment Sub-Advisor	1735 MARKET ST., 32ND FLOOR, PHILADELPHIA PA 19103