GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Floating-rate Income Trust (NYSE:EFT) » Definitions » Debt-to-Equity

Eaton Vance Floating-rateome Trust (Eaton Vance Floating-rateome Trust) Debt-to-Equity : 0.35 (As of Nov. 2023)


View and export this data going back to . Start your Free Trial

What is Eaton Vance Floating-rateome Trust Debt-to-Equity?

Eaton Vance Floating-rateome Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Eaton Vance Floating-rateome Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $120.00 Mil. Eaton Vance Floating-rateome Trust's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $344.80 Mil. Eaton Vance Floating-rateome Trust's debt to equity for the quarter that ended in Nov. 2023 was 0.35.

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 Eaton Vance Floating-rateome Trust's Debt-to-Equity or its related term are showing as below:

EFT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32   Med: 0.39   Max: 0.45
Current: 0.35

During the past 6 years, the highest Debt-to-Equity Ratio of Eaton Vance Floating-rateome Trust was 0.45. The lowest was 0.32. And the median was 0.39.

EFT's Debt-to-Equity is ranked worse than
62.86% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs EFT: 0.35

Eaton Vance Floating-rateome Trust Debt-to-Equity Historical Data

The historical data trend for Eaton Vance Floating-rateome Trust'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.

Eaton Vance Floating-rateome Trust Debt-to-Equity Chart

Eaton Vance Floating-rateome Trust Annual Data
Trend May18 May19 May20 May21 May22 May23
Debt-to-Equity
Get a 7-Day Free Trial 0.41 0.37 0.43 0.38 0.32

Eaton Vance Floating-rateome Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.38 0.33 0.32 0.35

Competitive Comparison of Eaton Vance Floating-rateome Trust's Debt-to-Equity

For the Asset Management subindustry, Eaton Vance Floating-rateome Trust'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.

Eaton Vance Floating-rateome Trust's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Floating-rateome Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Eaton Vance Floating-rateome Trust's Debt-to-Equity falls into.


Eaton Vance Floating-rateome Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eaton Vance Floating-rateome Trust's Debt to Equity Ratio for the fiscal year that ended in May. 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 + 118) / 369.557
=0.32

Eaton Vance Floating-rateome Trust's Debt to Equity Ratio for the quarter that ended in Nov. 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 + 120) / 344.797
=0.35

* 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.

Eaton Vance Floating-rateome Trust  (NYSE:EFT) 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.

Eaton Vance Floating-rateome Trust Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Eaton Vance Floating-rateome Trust's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Eaton Vance Floating-rateome Trust (Eaton Vance Floating-rateome Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Floating-rate Income Trust (NYSE:EFT) » Definitions » Debt-to-Equity
Comparable Companies
GBAB MUA EFR FSD HIO EAD CHW HPI SDHY MYN BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Website
https://www.eatonvance.com
Eaton Vance Floating-rate Income Trust is a closed-end management investment company. The company's objective is to provide a high level of current income and its secondary objective is capital appreciation.
Executives
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Anchal Pachnanda officer: Officer TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Sarah Anne Choi other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nancy A Wiser other: Trustee WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Deidre E Walsh officer: Vice President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Catherine Mcdermott other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109
Andrew Sveen other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109