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Foxby (FXBY) Debt-to-Equity : 0.18 (As of Dec. 2023)


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What is Foxby Debt-to-Equity?

Foxby's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Foxby's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.18 Mil. Foxby's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $12.34 Mil. Foxby's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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 Foxby's Debt-to-Equity or its related term are showing as below:

FXBY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 0.18   Max: 0.25
Current: 0.18

During the past 7 years, the highest Debt-to-Equity Ratio of Foxby was 0.25. The lowest was 0.08. And the median was 0.18.

FXBY's Debt-to-Equity is ranked better than
53.14% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs FXBY: 0.18

Foxby Debt-to-Equity Historical Data

The historical data trend for Foxby'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.

Foxby Debt-to-Equity Chart

Foxby Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.21 0.08 0.21 0.14 0.18

Foxby 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.20 0.14 0.15 0.18

Competitive Comparison of Foxby's Debt-to-Equity

For the Asset Management subindustry, Foxby'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.


Foxby's Debt-to-Equity Distribution in the Asset Management Industry

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

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



Foxby Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Foxby's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Foxby's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Foxby  (OTCPK:FXBY) 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.


Foxby Debt-to-Equity Related Terms

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


Foxby (FXBY) Business Description

Traded in Other Exchanges
N/A
Address
3814 Route 44, Millbrook, New York, NY, USA, 12545
Foxby Corp is a non-diversified, closed-end management investment company. The fund's objective is to grow capital by investment in securities of any type. The company may invest in equity and fixed income securities across the united states of america and international markets, including securities convertible into common stock and debt securities, closed-end funds, and mutual funds.
Executives
Roger A. Atkinson director 9202 NW 28TH COURT, VANCOUVER WA 98665
William Mccollum Winmill officer: VP and Co-Portfolio Manager 11 HANOVER SQUARE, 12TH FLOOR, NEW YORK NY 10005
Donald Ii Klimoski officer: Assistant General Counsel 3814 ROUTE 44, MILLBROOK NY 12545
Jon Tomasson director 11 HANOVER SQUARE, 12TH FLOOR, NEW YORK NY 10005
Russell Kamerman officer: Chief Compliance Officer 3814 ROUTE 44, MILLBROOK NY 12545
Hwang Eric Paul C. other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Jacob Bukhsbaum officer: Chief Compliance Officer, other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Midas Management Corp other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Bexil American Mortgage Inc. other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Mark Campbell Winmill other: See "Explanation of Responses" 3814 ROUTE 44, MILLBROOK NY 12545
Bexil Advisers Llc other: See "Explanation of Responses" 2255 BUFFALO ROAD, ROCHESTER NY 14624
Bexil Securities Llc other: See "Explanation of Responses" 3814 ROUTE 44, MILLBROOK NY 12545
James E Hunt director 11 HANOVER SQUARE, NEW YORK NY 10005
John F Ramirez officer: Chief Compliance Officer 11 HANOVER SQUARE, 12TH FLOOR, NEW YORK NY 10005
Thomas Omalley officer: Chief Financial Officer 3814 ROUTE 44, MILLBROOK NY 12545

Foxby (FXBY) Headlines

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