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Western Asset Variable Rate Strategic Fd (Western Asset Variable Rate Strategic Fd) Total Assets : $77.54 Mil (As of Sep. 2020)


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What is Western Asset Variable Rate Strategic Fd Total Assets?

Western Asset Variable Rate Strategic Fd's Total Assets for the quarter that ended in Sep. 2020 was $77.54 Mil.

Total Assets is connected with ROA %. Western Asset Variable Rate Strategic Fd's annualized ROA % for the quarter that ended in Sep. 2020 was 18.49%. Total Assets is also linked to Revenue through Asset Turnover. Western Asset Variable Rate Strategic Fd's Asset Turnover for the quarter that ended in Sep. 2020 was 0.09.

Western Asset Variable Rate Strategic Fd Total Assets Historical Data

The historical data trend for Western Asset Variable Rate Strategic Fd'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.

Western Asset Variable Rate Strategic Fd Total Assets Chart

Western Asset Variable Rate Strategic Fd Annual Data
Trend Sep17 Sep18 Sep19 Sep20
Total Assets
115.13 109.48 106.40 77.54

Western Asset Variable Rate Strategic Fd Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20
Total Assets Get a 7-Day Free Trial 109.48 109.27 106.40 93.74 77.54

Western Asset Variable Rate Strategic Fd 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.

Western Asset Variable Rate Strategic Fd's Total Assets for the fiscal year that ended in Sep. 2020 is calculated as

Total Assets=Total Equity (A: Sep. 2020 )+Total Liabilities (A: Sep. 2020 )
=76.95+0.593
=77.54

Western Asset Variable Rate Strategic Fd's Total Assets for the quarter that ended in Sep. 2020 is calculated as

Total Assets=Total Equity (Q: Sep. 2020 )+Total Liabilities (Q: Sep. 2020 )
=76.95+0.593
=77.54

* 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.

Western Asset Variable Rate Strategic Fd  (NYSE:GFY) Total Assets Explanation

Total Assets is connected with ROA %.

Western Asset Variable Rate Strategic Fd's annualized ROA % for the quarter that ended in Sep. 2020 is

ROA %=Net Income (Q: Sep. 2020 )/( (Total Assets (Q: Mar. 2020 )+Total Assets (Q: Sep. 2020 ))/ count )
=15.838/( (93.738+77.543)/ 2 )
=15.838/85.6405
=18.49 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2020) 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.

Western Asset Variable Rate Strategic Fd's Asset Turnover for the quarter that ended in Sep. 2020 is

Asset Turnover
=Revenue (Q: Sep. 2020 )/( (Total Assets (Q: Mar. 2020 )+Total Assets (Q: Sep. 2020 ))/ count )
=8.034/( (93.738+77.543)/ 2 )
=8.034/85.6405
=0.09

* 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.

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.

Western Asset Variable Rate Strategic Fd Total Assets Related Terms

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Western Asset Variable Rate Strategic Fd (Western Asset Variable Rate Strategic Fd) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Variable Rate Strategic Fd Inc. (NYSE:GFY) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 49th Floor, New York, NY, USA, 10018
Website
https://www.leggmason.com
Western Asset Variable Rate Strategic Fd Inc. is a non-diversified, closed-end management investment company. Its investment objective is to maintain a high level of current income by investing in variable rate instruments of U.S. and non-U.S. issuers. The fund invests in various sectors such as energy, materials and healthcare and others.
Executives
Brian Eakes other: Manager/Investment Manager 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Laura F Fergerson other: Manager/Investment Manager 3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson other: Director of Sub-Adviser C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen officer: Chief Compliance Officer LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Relative Value Partners Group, Llc other: QUALIFIED INSTITUTION MANAGER 1033 SKOKIE BLVD., SUITE 470, NORTHBROOK IL 60062
Daniel P Cronin director 235 EAST 42ND ST, NEW YORK NY 10017
Christopher Berarducci officer: Treas/Principal Finan Officer LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Nisha Kumar director 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Jennifer S Berg officer: Treasurer 100 INTERNATIONAL DRIVE, 7TH FLOOR, BALTIMORE MD 21202
Todd F Kuehl officer: Chief Compliance Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Kenneth Fuller director, officer: CEO, Pres. & Chairman, other: CEO & Pres. Of Manager 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Thomas C Merchant other: Director of Subadviser LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202