MEGI (MainStay CBRE Global Infrastructure Megatrends Fund) LT-Debt-to-Total-Asset : 0.25 (As of May. 2024)

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What is MainStay CBRE Global Infrastructure Megatrends 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. MainStay CBRE Global Infrastructure Megatrends Fund's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.25.

MainStay CBRE Global Infrastructure Megatrends Fund's long-term debt to total assets ratio declined from May. 2023 (0.26) to May. 2024 (0.25). It may suggest that MainStay CBRE Global Infrastructure Megatrends Fund is progressively becoming less dependent on debt to grow their business.

MainStay CBRE Global Infrastructure Megatrends Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for MainStay CBRE Global Infrastructure Megatrends 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.

* Premium members only.

MainStay CBRE Global Infrastructure Megatrends Fund LT-Debt-to-Total-Asset Chart

MainStay CBRE Global Infrastructure Megatrends Fund Annual Data

Trend

May22

May23

May24

LT-Debt-to-Total-Asset

0.28

0.26

0.25

MainStay CBRE Global Infrastructure Megatrends Fund Semi-Annual Data
	Nov22	May23	Nov23	May24
LT-Debt-to-Total-Asset	0.28	0.26	0.26	0.25

MainStay CBRE Global Infrastructure Megatrends Fund LT-Debt-to-Total-Asset Calculation

MainStay CBRE Global Infrastructure Megatrends Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2024 is calculated as

LT Debt to Total Assets (A: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2024 )	/	Total Assets (A: May. 2024 )
	=	265.3	/	1048.583
	=	0.25

MainStay CBRE Global Infrastructure Megatrends Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	265.3	/	1048.583
	=	0.25

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE:MEGI) 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.

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MainStay CBRE Global Infrastructure Megatrends Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MainStay CBRE Global Infrastructure Megatrends Fund (NYSE:MEGI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Madison Avenue, New York, NY, USA, 10010

Website

https://www.newyorklifeinvestments.com

MainStay CBRE Global Infrastructure Megatrends Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current income. It invests predominantly in income-producing equity securities issued by infrastructure companies, including common stock, preferred stock, convertible securities, and rights or warrants to buy common stocks. The company intends to focus on three infrastructure megatrends: decarbonization, digital transformation, and asset modernization while making its investments.

Executives

Jeremy Anagnos	other: Portfolio Manager	201 KING OF PRUSSIA ROAD, SUITE 600, RADNOR PA 19087
Jacques P Perold	director	51 MADISON AVENUE, NEW YORK NY 10010
Joseph P Smith	other: Portfolio Manager	201 KING OF PRUSSIA RD SUITE 600, RADNOR PA 19087
Naim Abou-jaoude	other: CEO, NY LIFE INVEST MGMENT LLC	200 ALDERSGATE STREET, C/O CANDRIAM, NORTH ENTRANCE, LONDON X0 EC1A4HD
Alain M Karaoglan	other: Chairman & Interim CEO	230 PARK AVENUE, NEW YORK NY 10169
Richard S Trutanic	director	51 MADISON AVENUE, NEW YORK NY 10010
Kevin M Gleason	officer: Chief Compliance Officer	30 HUDSON STREET, JERSEY CITY NJ 07302
Daniel Ryan Foley	other: Portfolio Manager	201 KING OF PRUSSIA ROAD, SUITE 600, RADNOR PA 19087
Kirk C Lehneis	officer: President	51 MADISON AVENUE, NEW YORK NY 10010
Hinds Howard	other: Portfolio Manager	201 KING OF PRUSSIA ROAD, SUITE 600, RADNOR PA 19087
Cbre Investment Management Listed Real Assets Llc	other: Subadviser	555 EAST LANCASTER AVENUE, SUITE 120, RADNOR PA 19087
Alan R Latshaw	director	51 MADISON AVENUE, NEW YORK NY 10010
Yie-hsin Hung	director	30 HUDSON STREET, JERSEY CITY NJ 07302
Scott T Harrington	officer: Vice President-Administration	169 LACKAWANNA AVENUE, PARSIPPANY NJ 07054
Susan B Kerley	director	51 MADISON AVENUE, NEW YORK NY 10010