ClearBridge MLP & Midstream Fund (ClearBridge MLP & Midstream Fund) Debt-to-Equity : 0.34 (As of Nov. 2023)

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What is ClearBridge MLP & Midstream Fund Debt-to-Equity?

ClearBridge MLP & Midstream Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. ClearBridge MLP & Midstream Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $199.32 Mil. ClearBridge MLP & Midstream Fund's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $589.37 Mil. ClearBridge MLP & Midstream Fund's debt to equity for the quarter that ended in Nov. 2023 was 0.34.

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 ClearBridge MLP & Midstream Fund's Debt-to-Equity or its related term are showing as below:

CEM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.34 Max: 0.43
Current: 0.34

During the past 5 years, the highest Debt-to-Equity Ratio of ClearBridge MLP & Midstream Fund was 0.43. The lowest was 0.27. And the median was 0.34.

CEM's Debt-to-Equity is ranked worse than
61.91% of 1016 companies
in the Asset Management industry
Industry Median: 0.195 vs CEM: 0.34

ClearBridge MLP & Midstream Fund Debt-to-Equity Historical Data

The historical data trend for ClearBridge MLP & Midstream 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.

ClearBridge MLP & Midstream Fund Debt-to-Equity Chart

ClearBridge MLP & Midstream Fund Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

0.43

0.27

0.35

0.32

0.34

ClearBridge MLP & Midstream Fund Semi-Annual Data
	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial				0.35	0.35	0.32	0.39	0.34

Competitive Comparison of ClearBridge MLP & Midstream Fund's Debt-to-Equity

For the Asset Management subindustry, ClearBridge MLP & Midstream 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.

ClearBridge MLP & Midstream Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where ClearBridge MLP & Midstream Fund's Debt-to-Equity falls into.

ClearBridge MLP & Midstream Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ClearBridge MLP & Midstream Fund's Debt to Equity Ratio for the fiscal year that ended in Nov. 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	+	199.317)	/	589.373
	=	0.34

ClearBridge MLP & Midstream Fund's Debt to Equity Ratio for the quarter that ended in Nov. 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	+	199.317)	/	589.373
	=	0.34

ClearBridge MLP & Midstream Fund (NYSE:CEM) 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.

ClearBridge MLP & Midstream Fund Debt-to-Equity Related Terms

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ClearBridge MLP & Midstream Fund (ClearBridge MLP & Midstream Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ClearBridge MLP & Midstream Fund Inc. (NYSE:CEM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018

Website

https://www.franklintempleton.com

ClearBridge MLP & Midstream Fund Inc. is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in energy master limited partnerships (MLPs) and energy midstream entities.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Oliveira Marc De	officer: Secretary/Chief Legal Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Jasna Dolgov	other: General Counsel/Subadviser	CLEARBRIDGE INVESTMENTS, 620 EIGHTH AVENUE, NEW YORK NY 10018
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
Mutual Of Omaha Insurance Co	10 percent owner	3300 MUTUAL OF OMAHA PLAZA, OMAHA NE 68175
United Of Omaha Life Insurance Co	10 percent owner	MUTUAL OF OMAHA PLZ 3RD FLOOR LAW, ATTN: JAN BROCKMAN, OMAHA NE 68175-1008
Daniel P Cronin	director	235 EAST 42ND ST, NEW YORK NY 10017
William R Hutchinson	director	535 N MICHIGAN STE 1012, CHICAGO IL 60611
Chris Eades	other: Portfolio Manager	620 EIGHTH AVENUE, 48TH FLOOR, NEW YORK NY 10018
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Gwen L Shaneyfelt	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906