Virtus Convertible &ome Fund (Virtus Convertible &ome Fund) Debt-to-Equity : 0.36 (As of Jan. 2023)

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What is Virtus Convertible &ome Fund Debt-to-Equity?

Virtus Convertible &ome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2023 was $0.00 Mil. Virtus Convertible &ome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2023 was $170.00 Mil. Virtus Convertible &ome Fund's Total Stockholders Equity for the quarter that ended in Jan. 2023 was $468.41 Mil. Virtus Convertible &ome Fund's debt to equity for the quarter that ended in Jan. 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 Virtus Convertible &ome Fund's Debt-to-Equity or its related term are showing as below:

NCV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.36
Current: 0.08

During the past 6 years, the highest Debt-to-Equity Ratio of Virtus Convertible &ome Fund was 0.36. The lowest was 0.03. And the median was 0.04.

NCV's Debt-to-Equity is ranked better than
74.36% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs NCV: 0.08

Virtus Convertible &ome Fund Debt-to-Equity Historical Data

The historical data trend for Virtus Convertible &ome 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.

Virtus Convertible &ome Fund Debt-to-Equity Chart

Virtus Convertible &ome Fund Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Jan23

Jan24

Debt-to-Equity

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0.04

0.03

0.36

0.08

Virtus Convertible &ome Fund Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial							0.03	0.03	-	0.36	0.08

Competitive Comparison of Virtus Convertible &ome Fund's Debt-to-Equity

For the Asset Management subindustry, Virtus Convertible &ome 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.

Virtus Convertible &ome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Virtus Convertible &ome Fund's Debt-to-Equity falls into.

Virtus Convertible &ome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Virtus Convertible &ome Fund's Debt to Equity Ratio for the fiscal year that ended in Jan. 2024 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	+	34)	/	432.823
	=	0.08

Virtus Convertible &ome Fund's Debt to Equity Ratio for the quarter that ended in Jan. 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	+	170)	/	468.409
	=	0.36

Virtus Convertible &ome Fund (NYSE:NCV) 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.

Virtus Convertible &ome Fund Debt-to-Equity Related Terms

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

Virtus Convertible &ome Fund (Virtus Convertible &ome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income Fund (NYSE:NCV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NCVpA.PFD:USA

Address

101 Munson Street, Greenfield, MA, USA, 01301-9683

Website

https://www.virtus.com

Virtus Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. It intends to achieve the objective by investing in a portfolio of domestic convertible securities and non-convertible income-producing securities. Its portfolio of investments includes different sector investments such as in aerospace and defense, healthcare services, oil, gas, and consumable fuels, telecommunications, and others.

Executives

Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara	director	150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Deborah A Decotis	director	1633 BROADWAY, NEW YORK NY 10019
David J. Oberto	officer: Portfolio Manager	1633 BROADWAY, NEW YORK NY 10019
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
James S Macleod	director	250 E KILBOURN AVE, MILWAUKEE WI 53202
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103