FCT (First Trust Senior Floating Rateome Fund II) LT-Debt-to-Total-Asset: 0.03 (As of May. 2026)

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FCT First Trust Senior Floating Rate Income Fund II FCT
38 GF Score
Price $9.67
GF Value $5.44
Valuation Significantly Overvalued
! 7 Warning Signs
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What is First Trust Senior Floating Rateome Fund II LT-Debt-to-Total-Asset?

First Trust Senior Floating Rateome Fund II FCT +0.21% 38 LT-Debt-to-Total-Asset is 0.03 as of May. 2026. GuruFocus rates FCT with a GF Score™ of 38/100 and a GF Value™ of $5.44 (Significantly Overvalued). The stock has 7 warning signs investors should review.

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 Senior Floating Rateome Fund II's long-term debt to total assests ratio for the quarter that ended in May. 2026 was 0.03.

First Trust Senior Floating Rateome Fund II's long-term debt to total assets ratio declined from May. 2025 (0.15) to May. 2026 (0.03). It may suggest that First Trust Senior Floating Rateome Fund II is progressively becoming less dependent on debt to grow their business.

First Trust Senior Floating Rateome Fund II  (NYSE:FCT) 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 Senior Floating Rateome Fund II LT-Debt-to-Total-Asset Related Terms

First Trust Senior Floating Rateome Fund II LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for First Trust Senior Floating Rateome Fund II'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.

First Trust Senior Floating Rateome Fund II LT-Debt-to-Total-Asset Chart

First Trust Senior Floating Rateome Fund II Annual Data
Trend May18 May19 May20 May21 May22 May23 May24 May25 May26
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only 0.27 0.14 0.09 0.15 0.03

First Trust Senior Floating Rateome Fund II Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.10 0.15 0.12 0.03
FCT
38GF Score
First Trust Senior Floating Rate Income Fund II FCT
LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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First Trust Senior Floating Rateome Fund II LT-Debt-to-Total-Asset Calculation

First Trust Senior Floating Rateome Fund II's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2026 is calculated as

LT Debt to Total Assets (A: May. 2026 )=Long-Term Debt & Capital Lease Obligation (A: May. 2026 )/Total Assets (A: May. 2026 )
=7/281.669
=0.02

First Trust Senior Floating Rateome Fund II's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2026 is calculated as

LT Debt to Total Assets (Q: May. 2026 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2026 )/Total Assets (Q: May. 2026 )
=7/281.669
=0.02

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.03 mean?
First Trust Senior Floating Rateome Fund II (FCT) has a LT-Debt-to-Total-Asset of 0.03 as of May. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on First Trust Senior Floating Rateome Fund II and its competitors.
Is First Trust Senior Floating Rateome Fund II's LT-Debt-to-Total-Asset too high?
First Trust Senior Floating Rateome Fund II's current LT-Debt-to-Total-Asset is 0.03. Overall, First Trust Senior Floating Rateome Fund II has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Trust Senior Floating Rateome Fund II's LT-Debt-to-Total-Asset compare to NUW and JRS?
First Trust Senior Floating Rateome Fund II's LT-Debt-to-Total-Asset of 0.03 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Asset Management company?
A good LT-Debt-to-Total-Asset depends on the Asset Management industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on First Trust Senior Floating Rateome Fund II and its competitors. First Trust Senior Floating Rateome Fund II's current LT-Debt-to-Total-Asset is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Trust Senior Floating Rateome Fund II stock overvalued right now?
Based on GuruFocus' analysis, First Trust Senior Floating Rateome Fund II (FCT) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.44, compared to a current price of $9.67 — trading 77.8% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.03. First Trust Senior Floating Rateome Fund II's overall GF Score™ is 38/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For First Trust Senior Floating Rateome Fund II (FCT), the current LT-Debt-to-Total-Asset is 0.03 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Trust Senior Floating Rateome Fund II (FCT) Overvalued in 2026?

Based on GuruFocus' analysis, First Trust Senior Floating Rateome Fund II stock appears to be overvalued. The current stock price of $9.67 is trading 77.8% above its estimated GF Value™ of $5.44. GuruFocus considers First Trust Senior Floating Rateome Fund II to be Significantly Overvalued.

Key valuation signals for FCT:

  • LT-Debt-to-Total-Asset: 0.03
  • GF Value™: $5.44 vs. price of $9.67 (77.8% above fair value)
  • GF Score™: 38/100 with 7 warning signs

No single metric tells the full story. See the FCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Trust Senior Floating Rateome Fund II Business Description

Address 120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187
First Trust Senior Floating Rate Income Fund II is a United States-based diversified, closed-end management investment company. Its investment objective is to seek a high level of current income. As a secondary objective, it attempts to preserve capital. The fund invests in a portfolio of senior secured floating-rate corporate loans (Senior Loans) of companies from different industries, such as Insurance, Software, Health Care Providers and Services, Professional Services, Health Care Technology, IT Services, and others.
38GF Score

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.67
Price
$5.44
GF Value