Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Debt-to-Equity : 0.00 (As of Nov. 2023)

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What is Federated Hermes Premier Municipalome Fund Debt-to-Equity?

Federated Hermes Premier Municipalome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Federated Hermes Premier Municipalome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Federated Hermes Premier Municipalome Fund's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $140.23 Mil. Federated Hermes Premier Municipalome Fund's debt to equity for the quarter that ended in Nov. 2023 was 0.00.

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 Federated Hermes Premier Municipalome Fund's Debt-to-Equity or its related term are showing as below:

FMN's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Federated Hermes Premier Municipalome Fund Debt-to-Equity Historical Data

The historical data trend for Federated Hermes Premier Municipalome 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.

Federated Hermes Premier Municipalome Fund Debt-to-Equity Chart

Federated Hermes Premier Municipalome Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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Federated Hermes Premier Municipalome Fund 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								-	-	-	-	-

Competitive Comparison of Federated Hermes Premier Municipalome Fund's Debt-to-Equity

For the Asset Management subindustry, Federated Hermes Premier Municipalome 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.

Federated Hermes Premier Municipalome Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Federated Hermes Premier Municipalome Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Federated Hermes Premier Municipalome Fund's Debt-to-Equity falls into.

Federated Hermes Premier Municipalome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Federated Hermes Premier Municipalome 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	+	0)	/	140.226
	=	0.00

Federated Hermes Premier Municipalome 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	+	0)	/	140.226
	=	0.00

Federated Hermes Premier Municipalome Fund (NYSE:FMN) 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.

Federated Hermes Premier Municipalome Fund Debt-to-Equity Related Terms

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Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Premier Municipal Income Fund (NYSE:FMN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4000 Ericsson Drive, Warrendale, PA, USA, 15086-7561

Website

https://www.federatedinvestors.com

Federated Hermes Premier Municipal Income Fund is a United States-based diversified, closed-end management investment company. The investment objective of the fund is to provide current income exempt from federal income tax, including the federal alternative minimum tax. Its portfolio of investments comprises different sectors such as hospitals, toll road, senior care, airport, tobacco, and other sectors.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
J Christopher Donahue	director, officer: Trustee and President	5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
Christopher Herkins	other: Senior Trader	1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
Duwayne Walker	other: Portfolio Manager	1001 LIBERTY AVENUE, PITTSBURGH PA 15222
Madelyn A Reilly	director	C/O 1001 LIBERTY AVENUE, PITTSBURGH PA 15222
Gallagher James J. Ii	other: Director, Fed. Inv. Mgmt Co.	500 DELAWARE AVENUE, SUITE 1500, WILMINGTON DE 19801
Patrick Benacci	other: Senior Trader	1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
G. Thomas Hough	director	P.O. BOX 407, LAKELAND FL 33802
Meter Stephen Van	officer: Chief Compliance Officer	FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
John T Collins	director	THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109
P Jerome Richey	director	1800 WASHINGTON ROAD, PITTSBURGH PA 15421-1421
Bank Of America Na	10 percent owner	100 N. TRYON STREET, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036