Rivernorth Opportunities Fund (Rivernorth Opportunities Fund) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Rivernorth Opportunities Fund Debt-to-Equity?

Rivernorth Opportunities Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Rivernorth Opportunities Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Rivernorth Opportunities Fund's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $366.04 Mil. Rivernorth Opportunities Fund's debt to equity for the quarter that ended in Jan. 2024 was 0.00.

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 Rivernorth Opportunities 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 Rivernorth Opportunities Fund was 0.11. The lowest was 0.05. And the median was 0.08.

RIV's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Rivernorth Opportunities Fund Debt-to-Equity Historical Data

The historical data trend for Rivernorth Opportunities 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.

Rivernorth Opportunities Fund Debt-to-Equity Chart

Rivernorth Opportunities Fund Annual Data

Trend

Oct17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.05

Rivernorth Opportunities Fund Semi-Annual Data
	Oct17	Apr18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial								0.11	-	-	-	-

Competitive Comparison of Rivernorth Opportunities Fund's Debt-to-Equity

For the Asset Management subindustry, Rivernorth Opportunities 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.

Rivernorth Opportunities Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Rivernorth Opportunities Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rivernorth Opportunities Fund's Debt to Equity Ratio for the fiscal year that ended in Jul. 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	+	0)	/	361.9
	=	0.00

Rivernorth Opportunities Fund's Debt to Equity Ratio for the quarter 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	+	0)	/	366.038
	=	0.00

Rivernorth Opportunities Fund (NYSE:RIV) 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.

Rivernorth Opportunities Fund Debt-to-Equity Related Terms

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

Rivernorth Opportunities Fund (Rivernorth Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Rivernorth Opportunities Fund Inc (NYSE:RIV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RIVpA.PFD:USA

Address

360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com/riv

Rivernorth Opportunities Fund Inc is a diversified, closed-end management investment company. The fund's investment objective is total return consisting of capital appreciation and current income.

Executives

Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Stephen Andrew O'neill	other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
David Swanson	director	325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Erich Rettinger	officer: Treasurer	1290 BROADWAY SUITE 1100, DENVER CO 80203
Robert Douglas Mcclure	officer: Treasurer	1290 BROADWAY, SUITE 1000, DENVER CO 80203
Brian H Schmucker	other: Officer of Subadviser	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Rivernorth Capital Management, Llc	other: Investment Sub Adviser	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Sareena Khwaja-dixon	officer: Secretary	1290 BROADWAY, SUITE 1100, DENVER CO 80203
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Laton Spahr	other: President of the Adviser	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Matthew Sutula	other: Interim CCO	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Michael Sleightholme	other: Officer of Investment Advisor	1290 BROADWAY, SUITE 1100, DENVER CO 80203