RMMZ (RiverNorth Managed Duration Municipalome Fund II) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2024)

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What is RiverNorth Managed Duration Municipalome Fund II 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. RiverNorth Managed Duration Municipalome Fund II's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.40.

RiverNorth Managed Duration Municipalome Fund II's long-term debt to total assets ratio increased from Dec. 2023 (0.39) to Dec. 2024 (0.40). It may suggest that RiverNorth Managed Duration Municipalome Fund II is progressively becoming more dependent on debt to grow their business.

RiverNorth Managed Duration Municipalome Fund II LT-Debt-to-Total-Asset Historical Data

The historical data trend for RiverNorth Managed Duration Municipalome Fund II'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 Managed Duration Municipalome Fund II LT-Debt-to-Total-Asset Chart

RiverNorth Managed Duration Municipalome Fund II Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.35

0.40

0.38

RiverNorth Managed Duration Municipalome Fund II Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	0.38	0.40	0.39	0.38	0.40

RiverNorth Managed Duration Municipalome Fund II LT-Debt-to-Total-Asset Calculation

RiverNorth Managed Duration Municipalome Fund II's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	92.975	/	241.876
	=	0.38

RiverNorth Managed Duration Municipalome Fund II's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	95.375	/	240.43
	=	0.40

RiverNorth Managed Duration Municipalome Fund II (NYSE:RMMZ) 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 Managed Duration Municipalome Fund II LT-Debt-to-Total-Asset Related Terms

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RiverNorth Managed Duration Municipalome Fund II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Managed Duration Municipal Income Fund II Inc (NYSE:RMMZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com

RiverNorth Managed Duration Municipal Income Fund II Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.

Executives

Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Scott Sprauer	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Michael Denlinger	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Stephen Andrew O'neill	other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Robert Patrick Burke	other: Portfolio Manager	C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Marcus L Collins	other: Secretary and CCO	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt	officer: Treasurer	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
John K Carter	director	433 W. VAN BUREN STREET, SUITE 1150-E, CHICAGO IL 60607
David Swanson	director	325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Rivernorth Capital Management, Llc	other: Investment Adviser	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Brian H Schmucker	other: Officer of Investment Adviser	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654