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Flaherty & Crumrine Pref&Inc Allocation (Flaherty & Crumrine Pref&Inc Allocation) Debt-to-Equity : 0.68 (As of Nov. 2023)


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What is Flaherty & Crumrine Pref&Inc Allocation Debt-to-Equity?

Flaherty & Crumrine Pref&Inc Allocation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Flaherty & Crumrine Pref&Inc Allocation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $276.30 Mil. Flaherty & Crumrine Pref&Inc Allocation's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $404.56 Mil. Flaherty & Crumrine Pref&Inc Allocation's debt to equity for the quarter that ended in Nov. 2023 was 0.68.

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 Flaherty & Crumrine Pref&Inc Allocation's Debt-to-Equity or its related term are showing as below:

DFP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5   Med: 0.51   Max: 0.68
Current: 0.68

During the past 7 years, the highest Debt-to-Equity Ratio of Flaherty & Crumrine Pref&Inc Allocation was 0.68. The lowest was 0.50. And the median was 0.51.

DFP's Debt-to-Equity is ranked worse than
80.47% of 1014 companies
in the Asset Management industry
Industry Median: 0.195 vs DFP: 0.68

Flaherty & Crumrine Pref&Inc Allocation Debt-to-Equity Historical Data

The historical data trend for Flaherty & Crumrine Pref&Inc Allocation'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.

Flaherty & Crumrine Pref&Inc Allocation Debt-to-Equity Chart

Flaherty & Crumrine Pref&Inc Allocation Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Debt-to-Equity
Get a 7-Day Free Trial 0.50 0.50 0.51 0.65 0.68

Flaherty & Crumrine Pref&Inc Allocation Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.59 0.65 0.71 0.68

Competitive Comparison of Flaherty & Crumrine Pref&Inc Allocation's Debt-to-Equity

For the Asset Management subindustry, Flaherty & Crumrine Pref&Inc Allocation'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.


Flaherty & Crumrine Pref&Inc Allocation's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Flaherty & Crumrine Pref&Inc Allocation's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Flaherty & Crumrine Pref&Inc Allocation's Debt-to-Equity falls into.



Flaherty & Crumrine Pref&Inc Allocation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Flaherty & Crumrine Pref&Inc Allocation's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Flaherty & Crumrine Pref&Inc Allocation's Debt to Equity Ratio for the quarter that ended in Nov. 2023 is calculated as

* 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.


Flaherty & Crumrine Pref&Inc Allocation  (NYSE:DFP) 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.


Flaherty & Crumrine Pref&Inc Allocation Debt-to-Equity Related Terms

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Flaherty & Crumrine Pref&Inc Allocation (Flaherty & Crumrine Pref&Inc Allocation) Business Description

Traded in Other Exchanges
N/A
Address
301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101
Flaherty & Crumrine Pref&Inc Allocation is a diversified, closed-end management investment company. Its investment objective is to seek total return, with an emphasis on high current income.
Executives
Bradford S Stone officer: CFO and Treasurer, other: Affiliate of Inv. Adviser 47 MAPLE ST. SUITE 403, SUMMIT NJ 07901
Robert E Chadwick officer: CFO, VP & Treasurer 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert F Wulf director 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Chad Conwell officer: CCO, VP and Secretary 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Robert M Ettinger officer: President 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Morgan Gust director C/O COBIZ FINANCIAL INC., 821 SEVENTEENTH STREET, DENVER CO 80202
Donald F Crumrine director, officer: Chief Executive Officer 301 E COLORADO BLVD STE 720, PASADENA CA 91101
David Gale director 220 MONTGOMERY STREET, SUITE 426, SAN FRANCISCO CA 94104
Karen Hanovice Hogan director 301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Laurie C Lodolo officer: Asst-CompOfficer/Treas/Sec 301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
Flaherty & Crumrine Inc other: Investment Adviser 301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101
Robert T. Flaherty other: Affiliated person Inv. Adviser 301 EAST COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101

Flaherty & Crumrine Pref&Inc Allocation (Flaherty & Crumrine Pref&Inc Allocation) Headlines