PFO (Flaherty & Crumrine Prfdome Oppo) LT-Debt-to-Total-Asset : 0.38 (As of Nov. 2024)

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What is Flaherty & Crumrine Prfdome Oppo 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. Flaherty & Crumrine Prfdome Oppo's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.38.

Flaherty & Crumrine Prfdome Oppo's long-term debt to total assets ratio declined from Nov. 2023 (0.41) to Nov. 2024 (0.38). It may suggest that Flaherty & Crumrine Prfdome Oppo is progressively becoming less dependent on debt to grow their business.

Flaherty & Crumrine Prfdome Oppo LT-Debt-to-Total-Asset Historical Data

The historical data trend for Flaherty & Crumrine Prfdome Oppo'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.

Flaherty & Crumrine Prfdome Oppo LT-Debt-to-Total-Asset Chart

Flaherty & Crumrine Prfdome Oppo Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.33

0.34

0.40

0.41

0.38

Flaherty & Crumrine Prfdome Oppo Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.40	0.41	0.41	0.39	0.38

Flaherty & Crumrine Prfdome Oppo LT-Debt-to-Total-Asset Calculation

Flaherty & Crumrine Prfdome Oppo's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (A: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2024 )	/	Total Assets (A: Nov. 2024 )
	=	80.6	/	214.661
	=	0.38

Flaherty & Crumrine Prfdome Oppo's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	80.6	/	214.661
	=	0.38

Flaherty & Crumrine Prfdome Oppo (NYSE:PFO) 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.

Flaherty & Crumrine Prfdome Oppo LT-Debt-to-Total-Asset Related Terms

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Flaherty & Crumrine Prfdome Oppo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flaherty & Crumrine Prfd Income Oppo (NYSE:PFO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101

Website

https://www.preferredincome.com

Flaherty & Crumrine Prfd Income Oppo is the United States-based diversified, closed-end management investment company. Its primary investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. The fund invests in a diversified portfolio of preferred securities which includes traditional preferred stocks eligible for the inter-corporate dividends received a deduction and fully taxable preferred securities.

Executives

Karen Hanovice Hogan	director	301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Chad Conwell	officer: VP & Asst. Compliance Officer	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Robert M Ettinger	officer: President	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert F Wulf	director	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc.	10 percent owner	4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Banc Of America Securities Llc	10 percent owner	100 N TRYON ST., 25TH FLOOR, CHARLOTTE NC 28255
Donald F Crumrine	director, officer: Chairman of the Board	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Christopher Douglas Ryan	officer: Vice President	310 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Martin Brody	director	C/O HMK ASSOCIATES, 30 COLUMBIA TURNPIKE, FLORHAM PARK NJ 07932
Laurie C Lodolo	officer: Asst CCO, Asst Treas, Asst Sec	301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
Robert E Chadwick	officer: Vice President	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Peter C Stimes	officer: VP,CFO,Chf Acct Officer	301 E COLORADO BLVD STE 720, PASADENA CA 91101
David Gale	director	220 MONTGOMERY STREET, SUITE 426, SAN FRANCISCO CA 94104
Bradford S Stone	officer: Vice President, Asst Treasurer	47 MAPLE ST. SUITE 403, SUMMIT NJ 07901