Blackstone Long-Short Creditome Fund (Blackstone Long-Short Creditome Fund) Debt-to-Equity : 0.46 (As of Dec. 2023)

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What is Blackstone Long-Short Creditome Fund Debt-to-Equity?

Blackstone Long-Short Creditome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Blackstone Long-Short Creditome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $77.20 Mil. Blackstone Long-Short Creditome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $166.92 Mil. Blackstone Long-Short Creditome Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.46.

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 Blackstone Long-Short Creditome Fund's Debt-to-Equity or its related term are showing as below:

BGX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.52 Max: 0.54
Current: 0.46

During the past 7 years, the highest Debt-to-Equity Ratio of Blackstone Long-Short Creditome Fund was 0.54. The lowest was 0.46. And the median was 0.52.

BGX's Debt-to-Equity is ranked worse than
71.68% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs BGX: 0.46

Blackstone Long-Short Creditome Fund Debt-to-Equity Historical Data

The historical data trend for Blackstone Long-Short Creditome 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.

Blackstone Long-Short Creditome Fund Debt-to-Equity Chart

Blackstone Long-Short Creditome Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.54

0.51

0.52

0.46

Blackstone Long-Short Creditome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.51	0.54	0.52	0.49	0.46

Competitive Comparison of Blackstone Long-Short Creditome Fund's Debt-to-Equity

For the Asset Management subindustry, Blackstone Long-Short Creditome 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.

Blackstone Long-Short Creditome Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackstone Long-Short Creditome Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Blackstone Long-Short Creditome Fund's Debt-to-Equity falls into.

Blackstone Long-Short Creditome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blackstone Long-Short Creditome Fund's Debt to Equity Ratio for the fiscal year that ended in Dec. 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	+	77.2)	/	166.921
	=	0.46

Blackstone Long-Short Creditome Fund's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	77.2)	/	166.921
	=	0.46

Blackstone Long-Short Creditome Fund (NYSE:BGX) 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.

Blackstone Long-Short Creditome Fund Debt-to-Equity Related Terms

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Blackstone Long-Short Creditome Fund (Blackstone Long-Short Creditome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackstone Long-Short Credit Income Fund (NYSE:BGX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

345 Park Avenue, 31st Floor, New York, NY, USA, 10154

Website

http://www.blackstone-credit.com

Blackstone Long-Short Credit Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. It seeks to achieve its investment objectives by employing a dynamic long-short strategy in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans (Secured Loans) and high yield corporate bonds of varying maturities.

Executives

Gordon Mckemie	other: Portfolio Manager	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
William J Renahan	officer: Chief Compliance Officer	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Valerie Naratil	officer: Public Relations Officer	345 PARK AVENUE, NEW YORK NY 10154
Gregory Roppa	officer: CFO & Treasurer	601 LEXINGTON AVENUE, NEW YORK NY 10022
Jane Siebels	director	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Robert Post	other: Portfolio Manager	C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC, 345 PARK AVE 31ST FLOOR, NEW YORK NY 10154
Jane Lee	officer: Public Relations Officer	1290 BROADWAY, SUITE 1100 CO 80203
Robert W Busch	officer: CFO & Treasurer	C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Lion Connecticut Holdings Inc.	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095
Voya Financial, Inc.	10 percent owner	230 PARK AVENUE, NEW YORK NY 10169
Sun Life Assurance Co Of Canada	10 percent owner	ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Financial Inc	10 percent owner	SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Ing Usa Annuity & Life Insurance Co	10 percent owner	699 WALNUT STREET, SUITE 1350, DE MOINES IA 50309-3942
Ing Life Insurance & Annuity Co	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095-4774
Dohyun (doris) Lee-silvestri	officer: Chief Financial Officer	C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019

Blackstone Long-Short Creditome Fund (Blackstone Long-Short Creditome Fund) Headlines

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