Saba Capitalome & Opportunities Fund (Saba Capitalome & Opportunities Fund) Debt-to-Equity : 0.17 (As of Oct. 2023)

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What is Saba Capitalome & Opportunities Fund Debt-to-Equity?

Saba Capitalome & Opportunities Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Saba Capitalome & Opportunities Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $59.47 Mil. Saba Capitalome & Opportunities Fund's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $353.87 Mil. Saba Capitalome & Opportunities Fund's debt to equity for the quarter that ended in Oct. 2023 was 0.17.

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 Saba Capitalome & Opportunities Fund's Debt-to-Equity or its related term are showing as below:

BRW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.39 Max: 0.48
Current: 0.17

During the past 6 years, the highest Debt-to-Equity Ratio of Saba Capitalome & Opportunities Fund was 0.48. The lowest was 0.04. And the median was 0.39.

BRW's Debt-to-Equity is ranked better than
54.63% of 1016 companies
in the Asset Management industry
Industry Median: 0.195 vs BRW: 0.17

Saba Capitalome & Opportunities Fund Debt-to-Equity Historical Data

The historical data trend for Saba Capitalome & Opportunities 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.

Saba Capitalome & Opportunities Fund Debt-to-Equity Chart

Saba Capitalome & Opportunities Fund Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Oct22

Oct23

Debt-to-Equity

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0.40

0.04

0.48

0.17

Saba Capitalome & Opportunities Fund Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial								0.10	0.29	0.48	0.18	0.17

Competitive Comparison of Saba Capitalome & Opportunities Fund's Debt-to-Equity

For the Asset Management subindustry, Saba Capitalome & Opportunities 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.

Saba Capitalome & Opportunities Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Saba Capitalome & Opportunities Fund's Debt-to-Equity falls into.

Saba Capitalome & Opportunities Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saba Capitalome & Opportunities 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	+	59.472)	/	353.867
	=	0.17

Saba Capitalome & Opportunities 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	+	59.472)	/	353.867
	=	0.17

Saba Capitalome & Opportunities Fund (NYSE:BRW) 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.

Saba Capitalome & Opportunities Fund Debt-to-Equity Related Terms

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

Saba Capitalome & Opportunities Fund (Saba Capitalome & Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Saba Capital Income & Opportunities Fund (NYSE:BRW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Lexington Avenue, 58th Floor, New York, NY, USA, 10174

Website

https://www.sabacef.com

Saba Capital Income & Opportunities Fund t is a diversified, closed-end management investment company. It seeks to provide investors with a high level of current income, with a secondary goal of capital appreciation. It invests globally in debt and equity securities of public and private companies, which includes, investing in closed-end funds, public and private debt instruments, and other securities.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Troy M Statczar	officer: Principle Financial Officer	3 CANAL PLAZA, PORTLAND ME 04101
Nitin Sapru	officer: Vice President	405 LEXINGTON AVE, 58TH FLOOR, NEW YORK NY 10174
Michael D'angelo	officer: Secretary	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Patrick J Keniston	officer: Chief Compliance Officer	FORESIDE COMPLIANCE SERVICES, LLC, THREE CANAL PLAZA, SUITE 100, PORTLAND ME 04101
Pierre Weinstein	officer: Chief Executive Officer	C/O SABA CAPITAL MANAGEMENT L.P., 405 LEXINGTON AVENUE, 5TH FLOOR, NEW YORK NY 10174
Christopher P Sullivan	other: Former Trustee	27 LEE TERRACE, SHORT HILLS NJ 07078
Thomas Bumbolow	director	C/O VOYA PRIME RATE TRUST, 7337 EAST DOUBLETREE RANCH RD., STE 100, SCOTTSDALE AZ 85258
Neal Neilinger	director	126 CLAPBOARD RIDGE ROAD, GREENWICH CT 06830
Charles I Clarvit	director	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kieran Goodwin	director	925 PARK AVENUE 11B, NEW YORK NY 10028
Ketu Desai	director	999 RIVERVIEW DR, SUITE 201, TOTOWA NJ 07512
Karen Caldwell	director	10125 SOUTH BELL AVENUE, CHICAGO IL 60643
Aditya Bindal	director	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Andrew Kellerman	director	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174