PIMCOorate &ome Opportunity Fds (PIMCOorate &ome Opportunity Fds) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is PIMCOorate &ome Opportunity Fds Debt-to-Equity?

PIMCOorate &ome Opportunity Fds's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. PIMCOorate &ome Opportunity Fds's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $400.3 Mil. PIMCOorate &ome Opportunity Fds's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,766.4 Mil. PIMCOorate &ome Opportunity Fds's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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 PIMCOorate &ome Opportunity Fds's Debt-to-Equity or its related term are showing as below:

PTY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.2 Max: 0.55
Current: 0.23

During the past 7 years, the highest Debt-to-Equity Ratio of PIMCOorate &ome Opportunity Fds was 0.55. The lowest was 0.13. And the median was 0.20.

PTY's Debt-to-Equity is ranked worse than
52.72% of 1011 companies
in the Asset Management industry
Industry Median: 0.19 vs PTY: 0.23

PIMCOorate &ome Opportunity Fds Debt-to-Equity Historical Data

The historical data trend for PIMCOorate &ome Opportunity Fds'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.

PIMCOorate &ome Opportunity Fds Debt-to-Equity Chart

PIMCOorate &ome Opportunity Fds Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jun22

Jun23

Debt-to-Equity

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0.20

0.31

0.55

0.49

0.19

PIMCOorate &ome Opportunity Fds Semi-Annual Data
	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.55	0.48	0.32	0.19	0.23

Competitive Comparison of PIMCOorate &ome Opportunity Fds's Debt-to-Equity

For the Asset Management subindustry, PIMCOorate &ome Opportunity Fds'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.

PIMCOorate &ome Opportunity Fds's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where PIMCOorate &ome Opportunity Fds's Debt-to-Equity falls into.

PIMCOorate &ome Opportunity Fds Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PIMCOorate &ome Opportunity Fds's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	296.292)	/	1532.891
	=	0.19

PIMCOorate &ome Opportunity Fds's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	400.267)	/	1766.37
	=	0.23

PIMCOorate &ome Opportunity Fds (NYSE:PTY) 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.

PIMCOorate &ome Opportunity Fds Debt-to-Equity Related Terms

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

PIMCOorate &ome Opportunity Fds (PIMCOorate &ome Opportunity Fds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PIMCO Corporate & Income Opportunity Fds (NYSE:PTY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.pimco.com

PIMCO Corporate & Income Opportunity Fds operates as a closed-end management investment company. It seeks to maximize total return through a combination of current income and capital appreciation. The fund invests a majority of the total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as U.S. Government securities, municipal securities, and mortgage-backed and other asset-backed securities issued on a public or private basis.

Executives

Grace Vandecruze	director	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Giang Huong Bui	other: SEE REMARKS	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Bank Of America Na	other: Former 10% Owner	100 N. TRYON STREET, CHARLOTTE NC 28255
Maria Marchenko Golota	officer: ASSISTANT TREASURER	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Jason Raul Duran	officer: VICE PRESIDENT	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Gregory John Mason	officer: VICE PRESIDENT	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Sonali Shah Pier	other: SEE REMARKS	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Jason Robert Steiner	other: SEE REMARKS	650 NEWPORT CENTER DR., NEWPORT BEACH CA 92660
Douglas Benjamin Burrill	officer: Vice President	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Kenneth W. Lee	officer: Vice President	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Kathleen Ann Mccartney	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Keith Adam Werber	officer: VICE PRESIDENT	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Elizabeth Davis Cantrill	other: SEE REMARKS	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Julie Ann Meggers	other: SEE REMARKS	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Mark Allen Jelic	officer: Vice President	C/O PACIFIC INVESTMENT MANAGEMENT, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660