Allspring Utilities and Highome Fund (Allspring Utilities and Highome Fund) Debt-to-Equity : 0.30 (As of Aug. 2023)

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What is Allspring Utilities and Highome Fund Debt-to-Equity?

Allspring Utilities and Highome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.00 Mil. Allspring Utilities and Highome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $30.00 Mil. Allspring Utilities and Highome Fund's Total Stockholders Equity for the quarter that ended in Aug. 2023 was $98.78 Mil. Allspring Utilities and Highome Fund's debt to equity for the quarter that ended in Aug. 2023 was 0.30.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Allspring Utilities and Highome Fund's Debt-to-Equity or its related term are showing as below:

ERH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.19 Max: 0.3
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Allspring Utilities and Highome Fund was 0.30. The lowest was 0.17. And the median was 0.19.

ERH's Debt-to-Equity is ranked worse than
58.78% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs ERH: 0.30

Allspring Utilities and Highome Fund Debt-to-Equity Historical Data

The historical data trend for Allspring Utilities and Highome Fund's Debt-to-Equity 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.

Allspring Utilities and Highome Fund Debt-to-Equity Chart

Allspring Utilities and Highome Fund Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.18

0.20

0.25

0.30

Allspring Utilities and Highome Fund Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.25	0.25	0.29	0.30

Competitive Comparison of Allspring Utilities and Highome Fund's Debt-to-Equity

For the Asset Management subindustry, Allspring Utilities and Highome Fund's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Allspring Utilities and Highome Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Allspring Utilities and Highome Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Allspring Utilities and Highome Fund's Debt-to-Equity falls into.

Allspring Utilities and Highome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Allspring Utilities and Highome Fund's Debt to Equity Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	30)	/	98.784
	=	0.30

Allspring Utilities and Highome Fund's Debt to Equity Ratio for the quarter that ended in Aug. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	30)	/	98.784
	=	0.30

Allspring Utilities and Highome Fund (AMEX:ERH) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Allspring Utilities and Highome Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Allspring Utilities and Highome Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Allspring Utilities and Highome Fund (Allspring Utilities and Highome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Allspring Utilities and High Income Fund (AMEX:ERH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1415 Vantage Park Drive, 3rd Floor, Charlotte, NC, USA, 28203

Website

https://www.allspringglobal.com

Allspring Utilities and High Income Fund is a diversified closed-end management investment company. Its investment objective is to seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The company's investment portfolio includes direct debt instruments, which are interests in amounts owed to lenders by corporate or other borrowers. It also invests in various industries which includes auto components, hotels, household durables, media, specialty retail, apparel, oil, gas, consumable fuels, industrials, information technology, telecommunication services, financial and healthcare. Its investment advisor is Wells Fargo Funds Management LLC.

Executives

Jennifer Lea Grunberg	officer: Chief Compliance Officer	350 PARK AVENUE, ALLSPRING GLOBAL INVESTMENTS, NEW YORK NY 10022
Paul Werner Felsch	officer: Chief Complaince Officer	100 HERITAGE RESERVE, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS WI 53051
Jane A Freeman	director	ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105
Christopher Micah Baker	officer: Chief Compliance Officer	ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02356
Karin Brotman	officer: Chief Compliance Officer	ALLSPRING GLOBAL INVESTMENTS, 525 MARKET STREET, SAN FRANCISCO CA 94105
Kate Sandman Mckinley	officer: Chief Compliance Officer	ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02210
Richard Matthew Prasse	officer: Secretary	WELLS FARGO LAW DEPARTMENT, 125 HIGH STREET, FLOOR 13, BOSTON MA 02110-2704
Christopher M Lee	other: Portfolio Manager	WELLS CAPITAL MANAGEMENT, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105
Michael Joseph Schueller	other: Portfolio Manager	100 HERITAGE RESERVE, 2ND FLOOR, WELLS CAPITAL MANAGEMENT, MENOMONEE FALLS WI 53051-4400
Jack E Spudich	other: Portfolio Manager	1 N JEFFERSON AVE, 7TH FLOOR, SAINT LOUIS MT 63103-2205
Kent A Newcomb	other: Portfolio Manager	1 N JEFFERSON AVE, 7TH FLOOR, SAINT LOUIS MT 63103-2205
Daniel J. Mavico	officer: Chief Compliance Officer	401 S TRYON STREET, FLOOR 2, CHARLOTTE NC 28202-1911
Kevin T. Roskopf	other: Share Repurchase Committee Mem	WELLS FARGO ASSET MANAGEMENT, 100 HERITAGE RESERVE, 1ST FLOOR, MENOMONEE FALLS WI 53051-4400
Andrew R Tuttle	officer: Portfolio Mgr.	25 RECREATION PARK DRIVE, SUITE 206, HINGHAM MA 02043
William R. Ebsworth	director	WELLS FARGO FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105