FS Credit Opp (FS Credit Opp) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is FS Credit Opp Debt-to-Equity?

FS Credit Opp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. FS Credit Opp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $390.0 Mil. FS Credit Opp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,372.6 Mil. FS Credit Opp's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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 FS Credit Opp's Debt-to-Equity or its related term are showing as below:

FSCO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.26 Max: 0.28
Current: 0.28

During the past 2 years, the highest Debt-to-Equity Ratio of FS Credit Opp was 0.28. The lowest was 0.23. And the median was 0.26.

FSCO's Debt-to-Equity is ranked worse than
56.8% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs FSCO: 0.28

FS Credit Opp Debt-to-Equity Historical Data

The historical data trend for FS Credit Opp'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.

FS Credit Opp Debt-to-Equity Chart

FS Credit Opp Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.23

0.28

FS Credit Opp Semi-Annual Data
	Dec22	Jun23	Dec23
Debt-to-Equity	0.23	0.22	0.28

Competitive Comparison of FS Credit Opp's Debt-to-Equity

For the Asset Management subindustry, FS Credit Opp'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.

FS Credit Opp's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, FS Credit Opp's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where FS Credit Opp's Debt-to-Equity falls into.

FS Credit Opp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FS Credit Opp'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	+	390)	/	1372.551
	=	0.28

FS Credit Opp'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	+	390)	/	1372.551
	=	0.28

FS Credit Opp (NYSE:FSCO) 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.

FS Credit Opp Debt-to-Equity Related Terms

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

FS Credit Opp (FS Credit Opp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FS Credit Opp Corp. (NYSE:FSCO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Rouse Boulevard, Philadelphia, PA, USA, 19112

Website

https://www.fsinvestments.com

FS Credit Opp Corp. is a closed-end management investment company. The Fund's primary investment objective is to generate an attractive total return consisting of a high level of current income and capital appreciation, with a secondary objective of capital preservation. The Fund seeks to achieve its investment objectives by focusing on strategies such as Opportunistic Credit (including event-driven and market price inefficiencies), Special Situations, and Capital Structure Solutions.

Executives

Hughes Philip E Jr	director	3936 NETHERFIELD ROAD, PHILADELPHIA PA 19129
Della Clark	director	201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Fsh Seed Capital Vehicle I Llc	other: Investment Adviser Affiliate	201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Franklin Square Holdings, L.p.	other: Investment Adviser Affiliate	201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
David J. Adelman	other: Investment Adviser Affiliate	CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Michael C. Forman	director, officer: Chief Executive Officer	CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Nix Robert N.c. Iii	director	C/O FS INVESTMENT CORPORATION III, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Keith Bethel	director	C/O ARAMARK, 2400 MARKET STREET, PHILADELPHIA PA 19103
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
Gallivan Edward T Jr	officer: Chief Financial Officer	C/O FS ENERGY AND POWER FUND, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Hans Nicholas Heilbut	other: Investment Committee Member	C/O FS INVESTMENTS, 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Michael John Kelly	other: Investment Committee Member	201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
David Weiser	other: Investment Committee Member	201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Andrew Beckman	other: Investment Committee Member	C/O FS INVESTMENTS, 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Sean K Coleman	other: Investment Committee Member	C/O FRANKLIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104