Highland Opportunities andome Fund (Highland Opportunities andome Fund) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Highland Opportunities andome Fund 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. Highland Opportunities andome Fund's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Highland Opportunities andome Fund's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.02). It may suggest that Highland Opportunities andome Fund is progressively becoming more dependent on debt to grow their business.

Highland Opportunities andome Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for Highland Opportunities andome Fund'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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Highland Opportunities andome Fund LT-Debt-to-Total-Asset Chart

Highland Opportunities andome Fund Annual Data

Trend

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.15

0.02

Highland Opportunities andome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								-	-	0.02	0.02	0.02

Highland Opportunities andome Fund LT-Debt-to-Total-Asset Calculation

Highland Opportunities andome Fund'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 )
	=	20.69	/	1041.221
	=	0.02

Highland Opportunities andome Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	20.69	/	1041.221
	=	0.02

Highland Opportunities andome Fund (NYSE:HFROpA.PFD) 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.

Highland Opportunities andome Fund LT-Debt-to-Total-Asset Related Terms

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Highland Opportunities andome Fund (Highland Opportunities andome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highland Opportunities and Income Fund (NYSE:HFROpA.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

HFRO:USA

Address

300 Crescent Court, Suite 700, Dallas, TX, USA, 75201

Website

https://www.nexpointassetmgmt.com

Highland Opportunities and Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to provide a high level of current income, consistent with the preservation of capital. The company's portfolio of investments includes different industry investments such as financial, chemicals, energy, healthcare, industrial, manufacturing, and others.