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Apollo Senior Floating Rate Fund (Apollo Senior Floating Rate Fund) Equity-to-Asset : 0.63 (As of Dec. 2023)


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What is Apollo Senior Floating Rate Fund Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Apollo Senior Floating Rate Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $234.08 Mil. Apollo Senior Floating Rate Fund's Total Assets for the quarter that ended in Dec. 2023 was $370.68 Mil. Therefore, Apollo Senior Floating Rate Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.63.

The historical rank and industry rank for Apollo Senior Floating Rate Fund's Equity-to-Asset or its related term are showing as below:

AFT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.57   Med: 0.6   Max: 0.63
Current: 0.63

During the past 7 years, the highest Equity to Asset Ratio of Apollo Senior Floating Rate Fund was 0.63. The lowest was 0.57. And the median was 0.60.

AFT's Equity-to-Asset is ranked worse than
71.09% of 1726 companies
in the Asset Management industry
Industry Median: 0.83 vs AFT: 0.63

Apollo Senior Floating Rate Fund Equity-to-Asset Historical Data

The historical data trend for Apollo Senior Floating Rate Fund's Equity-to-Asset 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.

Apollo Senior Floating Rate Fund Equity-to-Asset Chart

Apollo Senior Floating Rate Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial 0.60 0.63 0.58 0.60 0.63

Apollo Senior Floating Rate Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.59 0.60 0.63 0.63

Competitive Comparison of Apollo Senior Floating Rate Fund's Equity-to-Asset

For the Asset Management subindustry, Apollo Senior Floating Rate Fund's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Apollo Senior Floating Rate Fund's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Apollo Senior Floating Rate Fund's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Apollo Senior Floating Rate Fund's Equity-to-Asset falls into.



Apollo Senior Floating Rate Fund Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Apollo Senior Floating Rate Fund's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=234.08/370.682
=0.63

Apollo Senior Floating Rate Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=234.08/370.682
=0.63

* 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.


Apollo Senior Floating Rate Fund  (NYSE:AFT) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Apollo Senior Floating Rate Fund Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Apollo Senior Floating Rate Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Apollo Senior Floating Rate Fund (Apollo Senior Floating Rate Fund) Business Description

Traded in Other Exchanges
N/A
Address
9 West 57th Street, New York, NY, USA, 10019
Apollo Senior Floating Rate Fund Inc.is a diversified, closed-end management investment company. The Fund's investment objective is to seek current income and preservation of capital by investing in senior, secured loans made to companies whose debt is rated below investment grade and investments with similar economic characteristics. Senior loans typically hold a first lien priority and pay floating rates of interest, generally quoted as a spread over a reference floating rate benchmark. Under normal market conditions, the Fund invests at least 80% of its managed assets (which includes leverage) in floating rate senior loans and investments with similar economic characteristics.
Executives
James Vanek officer: See Remarks 9 W 57TH STREET, FLOOR 41, NEW YORK NY 10019
Ryan Delgiudice officer: See Remarks 1520 E. GRAND AVENUE, EL SEGUNDO CA 90245
Kristin Hester officer: See Remarks 9 WEST 57TH STREET, NEW YORK NY 10019
Robert L Borden director C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Seifert Kenneth Lee Jr. officer: See Remarks 9 WEST 57TH STREET, NEW YORK NY 10019
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
Joseph A. Moroney officer: President and CIO C/O APOLLO SENIOR FLOATING RATE FUND, 9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Total Return Master Fund L.p. other: See Remarks ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10057
Frank F Marra officer: Treasurer and CFO APOLLO GLOBAL MANAGEMENT, 730 FIFTH AVE, 11TH FLOOR, NEW YORK NY 10019
Elliot Jr Stein director C/ COMMONWEALTH CAPITAL PARTNERS, 444 MADISON AVE, NEW YORK NY 10022
Barry J. Cohen director C/O APOLLO SENIOR FLOATING RATE FUND INC, 9 WEST 57TH STREET, NEW YORK NY 10019
John J Hannan director 9 WEST 57TH STREET, NEW YORK NY 10019
Todd J Slotkin director 35 EAST 62ND STREET, NEW YORK NY 10021
Glenn N Marchak director CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE 4TH FL, STAMFORD CT 06902