PGIM High Yield Fund (PGIM High Yield Fund) LT-Debt-to-Total-Asset : 0.20 (As of Jan. 2024)

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What is PGIM High Yield Fund LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. PGIM High Yield Fund's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.20.

PGIM High Yield Fund's long-term debt to total assets ratio increased from Jan. 2023 (0.16) to Jan. 2024 (0.20). It may suggest that PGIM High Yield Fund is progressively becoming more dependent on debt to grow their business.

PGIM High Yield Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for PGIM High Yield Fund's LT-Debt-to-Total-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.

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PGIM High Yield Fund LT-Debt-to-Total-Asset Chart

PGIM High Yield Fund Annual Data

Trend

May18

May19

May20

May21

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.25

0.26

0.25

0.20

0.22

PGIM High Yield Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Jan22	Jul22	Jan23	Jul23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.25	0.20	0.16	0.22	0.20

PGIM High Yield Fund LT-Debt-to-Total-Asset Calculation

PGIM High Yield Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	130	/	591.221
	=	0.22

PGIM High Yield Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	120	/	589.183
	=	0.20

PGIM High Yield Fund (NYSE:ISD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

PGIM High Yield Fund LT-Debt-to-Total-Asset Related Terms

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PGIM High Yield Fund (PGIM High Yield Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PGIM High Yield Fund Inc (NYSE:ISD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

655 Broad Street, 6th Floor, Newark, NJ, USA, 07102

Website

https://www.pgim.com

PGIM High Yield Fund Inc is a diversified, closed-end management investment company, active in the financial services domain. The Fund's investment objective is to provide a high level of current income. It invests at least 80% of its investable assets in a diversified portfolio of high-yield fixed-income instruments that are rated below investment grade with varying maturities and other investments.

Executives

Brian Reid	director	C/O PGIM INVESTMENTS LLC, 655 BROAD STREET, NEWARK NJ 07102
Andrew Donohue	officer: Chief Compliance Officer	655 BROAD STREET, NEWARK NJ 07102
Brian J Lalli	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Robert Mccormack	officer: Assistant Treasurer	655 BROAD ST., NEWARK NJ 07102
Barry H Evans	director	C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Isabelle Sajous	officer: Chief Compliance Officer	655 BROAD ST., NEWARK NJ 07102
Michael Joseph Gormally	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Gregory J Peters	other: Co-Chief Investment Officer	655 BROAD STREET, NEWARK NJ 07102
Craig C Dewling	other: Deputy CIO	655 BROAD STREET, NEWARK NJ 07102
Michael Lillard	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Debra Rubano	officer: Assistant Secretary	655 BROAD STREET, PRUDENTIAL TOWER SOUTH, NEWARK NJ 07102
Patrick Mcguinness	officer: Assistant Secretary	655 BROAD STREET, PRUDENTIAL TOWER SOUTH, 17TH FLOOR, NEWARK NJ 07102
Scott E Benjamin	director	655 BROAD ST., NEWARK NJ 07102
Melissa Gonzalez	officer: Assistant Secretary	655 BROAD STREET, NEWARK NJ 07102
Elyse Mclaughlin	officer: Assistant Treasurer	655 BROAD ST., NEWARK NJ 07102