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RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Debt-to-Equity : 0.64 (As of Dec. 2023)


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What is RiverNorth Flex Muniome Fund II Debt-to-Equity?

RiverNorth Flex Muniome Fund II's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. RiverNorth Flex Muniome Fund II's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $239.18 Mil. RiverNorth Flex Muniome Fund II's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $375.56 Mil. RiverNorth Flex Muniome Fund II's debt to equity for the quarter that ended in Dec. 2023 was 0.64.

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 Flex Muniome Fund II's Debt-to-Equity or its related term are showing as below:

RFMZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42   Med: 0.64   Max: 0.68
Current: 0.64

During the past 3 years, the highest Debt-to-Equity Ratio of RiverNorth Flex Muniome Fund II was 0.68. The lowest was 0.42. And the median was 0.64.

RFMZ's Debt-to-Equity is ranked worse than
79.68% of 1009 companies
in the Asset Management industry
Industry Median: 0.19 vs RFMZ: 0.64

RiverNorth Flex Muniome Fund II Debt-to-Equity Historical Data

The historical data trend for RiverNorth Flex Muniome Fund II'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 Flex Muniome Fund II Debt-to-Equity Chart

RiverNorth Flex Muniome Fund II Annual Data
Trend Jun21 Jun22 Jun23
Debt-to-Equity
0.34 0.68 0.65

RiverNorth Flex Muniome Fund II Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.42 0.68 0.63 0.65 0.64

Competitive Comparison of RiverNorth Flex Muniome Fund II's Debt-to-Equity

For the Asset Management subindustry, RiverNorth Flex Muniome Fund II'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 Flex Muniome Fund II's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where RiverNorth Flex Muniome Fund II's Debt-to-Equity falls into.


RiverNorth Flex Muniome Fund II Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RiverNorth Flex Muniome Fund II'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 + 242.03) / 373.531
=0.65

RiverNorth Flex Muniome Fund II'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 + 239.175) / 375.562
=0.64

* 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.

RiverNorth Flex Muniome Fund II  (NYSE:RFMZ) 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 Flex Muniome Fund II Debt-to-Equity Related Terms

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

RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Flex Muni Income Fund II Inc (NYSE:RFMZ) » Definitions » Debt-to-Equity
Comparable Companies
NAN HIX AWP EDD PFL HPF SCM WHF ARDC MIY BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
360 S. Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
Website
https://www.rivernorth.com
RiverNorth Flex Muni Income Fund II Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
Executives
Scott Sprauer officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Lisa Bruckert Mougin director C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley director, officer: President 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Robert A Dimella officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John Wayne Hutchens director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Michael Petty officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John J Lawlor officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mackay Shields Llc officer: Sub-Adviser 1345 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10105
David Dowden officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
John M Loffredo officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert Patrick Burke officer: Portfolio Manager C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jerry Raio 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
John S. Oakes director 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt officer: Treasurer 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654

RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Headlines

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