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First Trust Highome Long/Short Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. First Trust Highome Long/Short Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $143.66 Mil. First Trust Highome Long/Short Fund's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $397.67 Mil. First Trust Highome Long/Short Fund's debt to equity for the quarter that ended in Oct. 2023 was 0.36.
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 First Trust Highome Long/Short Fund's Debt-to-Equity or its related term are showing as below:
During the past 7 years, the highest Debt-to-Equity Ratio of First Trust Highome Long/Short Fund was 0.36. The lowest was 0.04. And the median was 0.23.
The historical data trend for First Trust Highome Long/Short 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.
First Trust Highome Long/Short Fund Annual Data | ||||||||||||||||
Trend | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.04 | 0.23 | 0.26 | 0.34 | 0.36 |
First Trust Highome Long/Short Fund Semi-Annual Data | |||||||||||||
Oct17 | Apr18 | Oct18 | Apr19 | Oct19 | Apr20 | Oct20 | Apr21 | Oct21 | Apr22 | Oct22 | Apr23 | Oct23 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.26 | 0.30 | 0.34 | 0.34 | 0.36 |
For the Asset Management subindustry, First Trust Highome Long/Short 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.
For the Asset Management industry and Financial Services sector, First Trust Highome Long/Short Fund's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where First Trust Highome Long/Short Fund's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
First Trust Highome Long/Short Fund's Debt to Equity Ratio for the fiscal year 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 | + | 143.655) | / | 397.673 | |
= | 0.36 |
First Trust Highome Long/Short 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 | + | 143.655) | / | 397.673 | |
= | 0.36 |
* 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.
First Trust Highome Long/Short Fund (NYSE:FSD) 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.
Thank you for viewing the detailed overview of First Trust Highome Long/Short Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Bronwyn Wright | director | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Cameron S White | other: Portfolio Manager Sub-Advisor | MACKAY SHIELDS, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
M Keefe Denise | director | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Eric Gold | other: Portfolio Manager Sub-Advisor | C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Kelly Catherine Dehler | other: Officer - Investment Advisor | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Scott Michael Friske | other: Officer - Investment Advisor | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Shu Yang Tan | other: Portfolio Mgr. Sub-Advisor | MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, 43RD FL, NEW YORK NY 10105 |
Matthew Lowry Jacob | other: Portfolio Mgr. Sub-Advisor | MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, 43RD FL, NEW YORK NY 10105 |
Joseph Raymond Cantwell | other: Portfolio Mgr. Sub-Advisor | ALCENTRA NY, LLC, 200 PARK AVENUE, NEW YORK NY 10106 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
David Mcgarel | other: Officer - Investment Adviser | C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
James A Bowen | director, officer: President, other: Officer - Investment Adviser | C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Louis N. Cohen | other: Member of Investment Team | MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Shane Shannon | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
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