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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 Strategic High Fund II's long-term debt to total assests ratio for the quarter that ended in Oct. 2017 was 0.28.
First Trust Strategic High Fund II's long-term debt to total assets ratio increased from . 20 (0.00) to Oct. 2017 (0.28). It may suggest that First Trust Strategic High Fund II is progressively becoming more dependent on debt to grow their business.
The historical data trend for First Trust Strategic High 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 Strategic High Fund II Annual Data | |||
Trend | Oct17 | ||
LT-Debt-to-Total-Asset | 0.28 |
First Trust Strategic High Fund II Semi-Annual Data | |
Oct17 | |
LT-Debt-to-Total-Asset | 0.28 |
First Trust Strategic High Fund II's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2017 is calculated as
LT Debt to Total Assets (A: Oct. 2017 ) | = | Long-Term Debt & Capital Lease Obligation (A: Oct. 2017 ) | / | Total Assets (A: Oct. 2017 ) |
= | 39.35 | / | 142.279 | |
= | 0.28 |
First Trust Strategic High Fund II's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2017 is calculated as
LT Debt to Total Assets (Q: Oct. 2017 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Oct. 2017 ) | / | Total Assets (Q: Oct. 2017 ) |
= | 39.35 | / | 142.279 | |
= | 0.28 |
* 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 Strategic High Fund II (NYSE:FHY) 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.
Thank you for viewing the detailed overview of First Trust Strategic High Fund II's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Shane Shannon | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Katherine L Urevig | officer: Assistant Treasurer | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Donald Swade | officer: Assistant Treasurer | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Rosanne Gatta | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY STREET, SUITE 400, WHEATON IL 60187 |
Mark Shipley | other: Officer-Investment Sub-Advisor | C/O BROOKFIELD INVESTMENT MANAGEMENT INC, BROOKFIELD PLACE, 250 VESEY ST, 15TH FL, NEW YORK NY 10281-1023 |
Dana Erikson | other: Portfolio Manager-Sub-Advisor | HYPERION BROOKFIELD ASSET MGMT., INC., 3 WFC, 200 VESEY STREET, 10TH FLOOR, NEW YORK NY 10281-1010 |
Anthony A. Breaks | other: Portfolio Manager-Sub-Advisor | C/O BROOKFIELD INVESTMENT MGMT. INC, BROOKFIELD, 250 VESEY STREET, 15TH FLOOR, NEW YORK NY 10281-1023 |
Brookfield Investment Management Inc. | other: Investment Sub-Advisor | BROOKFIELD PLACE, 225 LIBERTY STREET, 43RD FLOOR, NEW YORK NY 10281 |
Erin E Klassman | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, WHEATON IL 60187 |
Lynch Coleen D | officer: Assistant Vice President | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Kathleen Wieland Brown | other: Officer-Investment Adviser | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Christopher R Fallow | officer: Assistant Vice President | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Kelley Christensen | officer: Vice President | C/O FIRST TRUST ADVISORS L.P., 1001 WARRENVILLE ROAD, SUITE 300, LISLE IL 60532 |
Joseph D Mcdermott | other: Officer-Investment Adviser | FIRST TRUST ADVISORS L.P., 1001 WARRENVILLE ROAD, SUITE 300, LISLE IL 60532 |
Robert F Keith | director | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
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