Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Debt-to-Equity : 0.12 (As of Jan. 2024)

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What is Virtus Convertible &ome 2024 Target Term Fund Debt-to-Equity?

Virtus Convertible &ome 2024 Target Term Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Virtus Convertible &ome 2024 Target Term Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $19.70 Mil. Virtus Convertible &ome 2024 Target Term Fund's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $165.84 Mil. Virtus Convertible &ome 2024 Target Term Fund's debt to equity for the quarter that ended in Jan. 2024 was 0.12.

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 Virtus Convertible &ome 2024 Target Term Fund's Debt-to-Equity or its related term are showing as below:

CBH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.39 Max: 0.41
Current: 0.12

During the past 5 years, the highest Debt-to-Equity Ratio of Virtus Convertible &ome 2024 Target Term Fund was 0.41. The lowest was 0.12. And the median was 0.39.

CBH's Debt-to-Equity is ranked better than
65.15% of 1013 companies
in the Asset Management industry
Industry Median: 0.2 vs CBH: 0.12

Virtus Convertible &ome 2024 Target Term Fund Debt-to-Equity Historical Data

The historical data trend for Virtus Convertible &ome 2024 Target Term 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.

Virtus Convertible &ome 2024 Target Term Fund Debt-to-Equity Chart

Virtus Convertible &ome 2024 Target Term Fund Annual Data

Trend

Feb19

Feb20

Feb21

Jan23

Jan24

Debt-to-Equity

0.39

0.36

0.41

0.12

Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial							0.36	0.41	0.41	0.41	0.12

Competitive Comparison of Virtus Convertible &ome 2024 Target Term Fund's Debt-to-Equity

For the Asset Management subindustry, Virtus Convertible &ome 2024 Target Term 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.

Virtus Convertible &ome 2024 Target Term Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome 2024 Target Term Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome 2024 Target Term Fund's Debt-to-Equity falls into.

Virtus Convertible &ome 2024 Target Term Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Virtus Convertible &ome 2024 Target Term Fund's Debt to Equity Ratio for the fiscal year that ended in Jan. 2024 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	+	19.7)	/	165.837
	=	0.12

Virtus Convertible &ome 2024 Target Term Fund's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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	+	19.7)	/	165.837
	=	0.12

Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) 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.

Virtus Convertible &ome 2024 Target Term Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://us.allianzgi.com

AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.

Executives

R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond	director	100 N BROADWAY, OKLAHOMA CITY OK 73102
Alan Rappaport	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Bradley William Patrick Iii	officer: EVP, CFO and Treasurer	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Francis G Waltman	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Justin Kass	other: Portfolio Manager	1345 AVE OF THE AMERICAS, NEW YORK NY 10105