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RiverNorth Flexible Municipalome Fund LT-Debt-to-Total-Asset

: 0.30 (As of Jun. 2021)
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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. RiverNorth Flexible Municipalome Fund's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 0.30.

RiverNorth Flexible Municipalome Fund's long-term debt to total assets ratio declined from Jun. 2020 (0.39) to Jun. 2021 (0.30). It may suggest that RiverNorth Flexible Municipalome Fund is progressively becoming less dependent on debt to grow their business.


RiverNorth Flexible Municipalome Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for RiverNorth Flexible Municipalome 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.

RiverNorth Flexible Municipalome Fund Annual Data
Trend Jun20 Jun21
LT-Debt-to-Total-Asset
0.39 0.30

RiverNorth Flexible Municipalome Fund Semi-Annual Data
Jun20 Dec20 Jun21
LT-Debt-to-Total-Asset 0.39 0.36 0.30

RiverNorth Flexible Municipalome Fund LT-Debt-to-Total-Asset Calculation

RiverNorth Flexible Municipalome Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (A: Jun. 2021 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2021 )/Total Assets (A: Jun. 2021 )
=67.475/224.646
=0.30

RiverNorth Flexible Municipalome Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )/Total Assets (Q: Jun. 2021 )
=67.475/224.646
=0.30

* 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.


RiverNorth Flexible Municipalome Fund  (NYSE:RFM) 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.


RiverNorth Flexible Municipalome Fund LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of RiverNorth Flexible Municipalome Fund's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


RiverNorth Flexible Municipalome Fund Business Description

RiverNorth Flexible Municipalome Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Comparable Companies
Traded in Other Exchanges
N/A
Address
325 North LaSalle Street, Suite 645, Chicago, IL, USA, 60654
RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
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