FINS (Angel Oak Financial Stratsome Term) LT-Debt-to-Total-Asset : 0.29 (As of Jul. 2024)

View and export this data going back to . Start your Free Trial

What is Angel Oak Financial Stratsome Term 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. Angel Oak Financial Stratsome Term's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.29.

Angel Oak Financial Stratsome Term's long-term debt to total assets ratio increased from Jul. 2023 (0.29) to Jul. 2024 (0.29). It may suggest that Angel Oak Financial Stratsome Term is progressively becoming more dependent on debt to grow their business.

Angel Oak Financial Stratsome Term LT-Debt-to-Total-Asset Historical Data

The historical data trend for Angel Oak Financial Stratsome Term'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.

Angel Oak Financial Stratsome Term LT-Debt-to-Total-Asset Chart

Angel Oak Financial Stratsome Term Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

0.26

0.29

0.28

0.29

Angel Oak Financial Stratsome Term Semi-Annual Data
	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.30	0.29	0.29	0.29	0.29

Angel Oak Financial Stratsome Term LT-Debt-to-Total-Asset Calculation

Angel Oak Financial Stratsome Term's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	139.287	/	487.233
	=	0.29

Angel Oak Financial Stratsome Term's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	141.18	/	488.031
	=	0.29

Angel Oak Financial Stratsome Term (NYSE:FINS) 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.

Angel Oak Financial Stratsome Term LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Angel Oak Financial Stratsome Term's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Angel Oak Financial Stratsome Term Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Angel Oak Financial Strats Income Term (NYSE:FINS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3344 Peachtree Road NE, Suite 1725, Atlanta, GA, USA, 30326

Website

https://www.angeloakcapital.com

Angel Oak Financial Strats Income Term is a non-diversified, closed-end management investment company. The fund's objective is to seek current income with a secondary objective of total return. In pursuing its investment objective, the fund invests mainly in debt issued by financial institutions, including subordinated debt, unrated debt, senior debt, and high-yield securities.

Executives

Johannes Palsson	other: Portfolio Manager	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Kevin Parks	other: Portfolio Manager Affil. Fund	145 WEST 57TH STREET, 19TH FLOOR, NEW YORK NY 10019
William Eldredge	officer: Chief Compliance Officer	C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Angel Oak Capital Partners Ii, Llc	other: General Partner of Adviser	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30309
Kevin Sluss	officer: Secretary	C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Navid Abghari	other: Portfolio Manager	3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sun Life Financial Inc	10 percent owner	SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Assurance Co Of Canada	10 percent owner	ONE YORK STREET, TORONTO A6 M5J 0B6
Massachusetts Mutual Life Insurance Co	10 percent owner	1295 STATE STREET, SPRINGFIELD MA 01111
Michael Fierman	other: Investment Adviser Principal	ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Daniel Asher	10 percent owner	111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Angel Oak Capital Advisors, Llc	other: Investment Adviser	ONE BUCKHEAD PLAZA, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305-2240
John R Hsu	officer: Secretary	C/O ANGEL OAK CAPITAL ADVISORS, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Cheryl Pate	other: Portfolio Manager	3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sreeniwas Prabhu	director	ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305