Allspringome Opportunities Fund (Allspringome Opportunities Fund) Debt-to-Equity : 0.47 (As of Oct. 2023)

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What is Allspringome Opportunities Fund Debt-to-Equity?

Allspringome Opportunities Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Allspringome Opportunities Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $189.00 Mil. Allspringome Opportunities Fund's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $401.47 Mil. Allspringome Opportunities Fund's debt to equity for the quarter that ended in Oct. 2023 was 0.47.

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 Allspringome Opportunities Fund's Debt-to-Equity or its related term are showing as below:

EAD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.37 Max: 0.47
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Allspringome Opportunities Fund was 0.47. The lowest was 0.32. And the median was 0.37.

EAD's Debt-to-Equity is ranked worse than
72.41% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs EAD: 0.47

Allspringome Opportunities Fund Debt-to-Equity Historical Data

The historical data trend for Allspringome Opportunities 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.

Allspringome Opportunities Fund Debt-to-Equity Chart

Allspringome Opportunities Fund Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.41

0.36

0.35

0.41

0.44

Allspringome Opportunities Fund Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.35	0.41	0.43	0.44	0.47

Competitive Comparison of Allspringome Opportunities Fund's Debt-to-Equity

For the Asset Management subindustry, Allspringome Opportunities 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.

Allspringome Opportunities Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Allspringome Opportunities Fund's Debt-to-Equity falls into.

Allspringome Opportunities Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Allspringome Opportunities Fund's Debt to Equity Ratio for the fiscal year that ended in Apr. 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	+	189)	/	425.867
	=	0.44

Allspringome Opportunities Fund's Debt to Equity Ratio for the quarter that ended in Oct. 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	+	189)	/	401.469
	=	0.47

Allspringome Opportunities Fund (AMEX:EAD) 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.

Allspringome Opportunities Fund Debt-to-Equity Related Terms

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

Allspringome Opportunities Fund (Allspringome Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Allspring Income Opportunities Fund (AMEX:EAD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1415 Vantage Park Drive, 3rd Floor, San Francisco, CA, USA, 28203

Website

https://www.allspringglobal.com

Allspring Income Opportunities Fund is a diversified closed-end management investment company. Its products and services are mutual funds, closed-end funds, managed accounts services and variable trust funds. The fund's objective is a high level of current income and capital appreciation. Its portfolio of investments includes oil gas and consumable fuels, Chemicals, distributors, diversified consumer services, hotels, restaurants and leisure, household durables, media, specialty retail, pharmaceuticals, airlines, construction, and engineering.

Executives

Jennifer Lea Grunberg	officer: Chief Compliance Officer	350 PARK AVENUE, ALLSPRING GLOBAL INVESTMENTS, NEW YORK NY 10022
Paul Werner Felsch	officer: Chief Compliance 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
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
Michelle H. Rhee	officer: Secretary, WFFM	WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, FLOOR 21, BOSTON MA 02116
Alexander Kymn	officer: Chief Legal Officer	WELLS FARGO BANK, 45 FREMONT STREET, 26TH FLOOR, SAN FRANCISCO CA 94105
Pamela Wheelock	director	1843 HIGHLAND PARKWAY, SAINT PAUL MN 55116
James Polisson	director	123 MCALLISTER AVENUE, KENTFIELD CA 94904