Advent Convertible &ome Fund (Advent Convertible &ome Fund) Debt-to-Equity : 0.94 (As of Oct. 2023)

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What is Advent Convertible &ome Fund Debt-to-Equity?

Advent Convertible &ome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Advent Convertible &ome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $349.02 Mil. Advent Convertible &ome Fund's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $373.45 Mil. Advent Convertible &ome Fund's debt to equity for the quarter that ended in Oct. 2023 was 0.93.

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 Advent Convertible &ome Fund's Debt-to-Equity or its related term are showing as below:

AVK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.69 Max: 0.94
Current: 0.94

During the past 7 years, the highest Debt-to-Equity Ratio of Advent Convertible &ome Fund was 0.94. The lowest was 0.47. And the median was 0.69.

AVK's Debt-to-Equity is ranked worse than
86.31% of 1008 companies
in the Asset Management industry
Industry Median: 0.19 vs AVK: 0.94

Advent Convertible &ome Fund Debt-to-Equity Historical Data

The historical data trend for Advent Convertible &ome 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.

Advent Convertible &ome Fund Debt-to-Equity Chart

Advent Convertible &ome Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.69

0.59

0.47

0.81

0.94

Advent Convertible &ome Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial								0.47	0.68	0.81	0.82	0.94

Competitive Comparison of Advent Convertible &ome Fund's Debt-to-Equity

For the Asset Management subindustry, Advent Convertible &ome 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.

Advent Convertible &ome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Advent Convertible &ome Fund's Debt-to-Equity falls into.

Advent Convertible &ome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advent Convertible &ome Fund's Debt to Equity Ratio for the fiscal year that ended in Oct. 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	+	349.022)	/	373.449
	=	0.93

Advent Convertible &ome Fund's Debt to Equity Ratio for the quarter that ended in Oct. 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	+	349.022)	/	373.449
	=	0.93

Advent Convertible &ome Fund (NYSE:AVK) 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.

Advent Convertible &ome Fund Debt-to-Equity Related Terms

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

Advent Convertible &ome Fund (Advent Convertible &ome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advent Convertible & Income Fund (NYSE:AVK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Seventh Avenue, 31st Floor, New York, NY, USA, 10019

Website

http://www.guggenheiminvestments.com

Advent Convertible & Income Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of capital appreciation and current income. The Fund invests in various sectors, such as communications, utilities, energy, industrial, technology, and others.

Executives

Tracy V Maitland	officer: President, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Nancy E. Stuebe	director, other: Trustee	227 W MONROE STREET, CHICAGO IL 60606
Advent Capital Management /de/	other: Investment Manager	888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK NY 10019
Stephen Ellwood	officer: CCO & Secretary	888 SEVENTH STREET, 31ST FLOOR, NEW YORK NY 10019
Olin Kathleen Capital Management	officer: CCO and Secretary	888 7TH AVENUE 31ST FLOOR, NEW YORK NY 10019
Randall C Barnes	director, other: Trustee	2455 CORPORATE WEST DRIVE, LISLE IL 60187
Gerald L Seizert	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Michael A Smart	other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Derek Medina	director	ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123
Tony Huang	officer: V.P. & Assistant Secretary	227 WEST MONROE STREET, CHICAGO IL 60606
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
Daniel Black	director, other: Trustee	C/O ADVENT CAPITAL MANAGEMENT, LLC, 1065 AVENUE OF THE AMERICAS, 31ST FLOOR, NEW YORK NY 10018
Ronald Nyberg	director	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Doug Teresko	other: Managing Director	1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020