Flaherty & Crumrine Prefd Fund (Flaherty & Crumrine Prefd Fund) Total Assets : $232.66 Mil (As of Nov. 2023)

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What is Flaherty & Crumrine Prefd Fund Total Assets?

Flaherty & Crumrine Prefd Fund's Total Assets for the quarter that ended in Nov. 2023 was $232.66 Mil.

During the past 12 months, Flaherty & Crumrine Prefd Fund's average Total Assets Growth Rate was -2.40% per year. During the past 3 years, the average Total Assets Growth Rate was -1.50% per year. During the past 5 years, the average Total Assets Growth Rate was 0.70% per year.

During the past 7 years, Flaherty & Crumrine Prefd Fund's highest 3-Year average Total Assets Growth Rate was 6.00%. The lowest was -1.50%. And the median was -0.10%.

Total Assets is connected with ROA %. Flaherty & Crumrine Prefd Fund's annualized ROA % for the quarter that ended in Nov. 2023 was 7.46%. Total Assets is also linked to Revenue through Asset Turnover. Flaherty & Crumrine Prefd Fund's Asset Turnover for the quarter that ended in Nov. 2023 was 0.04.

Flaherty & Crumrine Prefd Fund Total Assets Historical Data

The historical data trend for Flaherty & Crumrine Prefd Fund's Total Assets 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 Prefd Fund Total Assets Chart

Flaherty & Crumrine Prefd Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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241.58

243.65

266.21

238.32

232.66

Flaherty & Crumrine Prefd Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial								266.21	249.64	238.32	228.32	232.66

Flaherty & Crumrine Prefd Fund Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Flaherty & Crumrine Prefd Fund's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	140.812	+	91.846
	=	232.66

Flaherty & Crumrine Prefd Fund's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	140.812	+	91.846
	=	232.66

Flaherty & Crumrine Prefd Fund (NYSE:PFD) Total Assets Explanation

Total Assets is connected with ROA %.

Flaherty & Crumrine Prefd Fund's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	17.2	/	( (228.322	+	232.657)	/ 2 )
	=	17.2	/	230.4895
	=	7.46 %

Note: The Net Income data used here is two times the semi-annual (Nov. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Flaherty & Crumrine Prefd Fund's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	8.924	/	( (228.322	+	232.657)	/ 2 )
=	8.924	/	230.4895
=	0.04

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Flaherty & Crumrine Prefd Fund Total Assets Related Terms

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Flaherty & Crumrine Prefd Fund (Flaherty & Crumrine Prefd Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flaherty & Crumrine Prefd Inc Fund Inc (NYSE:PFD) » Definitions » Total Assets

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 Prefd Inc Fund Inc is a United States-based diversified, closed?end management investment company. Its investment objective is to provide its common shareholders with a high current income consistent with the preservation of capital. The fund invests primarily 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

Robert F Wulf	director	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
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
Donald F Crumrine	director, officer: Chairman of the Board	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert E Chadwick	officer: CFO, VP, Secretary, Treasurer	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
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