Gabelli Utility Trust (Gabelli Utility Trust) Debt-to-Equity : 0.09 (As of Dec. 2023)

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What is Gabelli Utility Trust Debt-to-Equity?

Gabelli Utility Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Gabelli Utility Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $20.48 Mil. Gabelli Utility Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $220.71 Mil. Gabelli Utility Trust's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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 Gabelli Utility Trust's Debt-to-Equity or its related term are showing as below:

GUT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.09 Max: 0.09
Current: 0.09

During the past 7 years, the highest Debt-to-Equity Ratio of Gabelli Utility Trust was 0.09. The lowest was 0.09. And the median was 0.09.

GUT's Debt-to-Equity is ranked better than
70.94% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs GUT: 0.09

Gabelli Utility Trust Debt-to-Equity Historical Data

The historical data trend for Gabelli Utility Trust'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.

Gabelli Utility Trust Debt-to-Equity Chart

Gabelli Utility Trust Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

Gabelli Utility Trust Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-	-	-	-	0.09

Competitive Comparison of Gabelli Utility Trust's Debt-to-Equity

For the Asset Management subindustry, Gabelli Utility Trust'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.

Gabelli Utility Trust's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Utility Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gabelli Utility Trust's Debt-to-Equity falls into.

Gabelli Utility Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gabelli Utility Trust's Debt to Equity Ratio for the fiscal year that ended in Dec. 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	+	20.477)	/	220.713
	=	0.09

Gabelli Utility Trust's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	20.477)	/	220.713
	=	0.09

Gabelli Utility Trust (NYSE:GUT) 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.

Gabelli Utility Trust Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Gabelli Utility Trust's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Gabelli Utility Trust (Gabelli Utility Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Utility Trust (NYSE:GUT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GUTpC.PFD:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Utility Trust operates as a diversified closed-end investment management company. The fund's primary objective is the long-term growth of capital and income. To achieve its objective, the fund may invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas, & water; and telecommunications services or infrastructure operations. It invests in various sectors, of which Electric Integrated, Water, Telecommunications, and U.S. Government Obligations account for the majority weightage.

Executives

Bank Of America Na	other: Former 10% Owner	100 N. TRYON STREET, CHARLOTTE NC 28255
Bank Of America Corp /de/	other: Former 10% Owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Leslie Fahrenkopf Foley	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Mario J Gabelli	officer: Chairman and CIO, other: Trustee	191 MASON STREET, GREENWICH CT 06830
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
John Birch	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Elizabeth C Bogan	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Ferrantino Michael J Jr	director	12 MARTINGALE LANE, ANDOVER MA 01810
Michael J Melarkey	director	ONE CORPORATE CENTER, RYE NY 10580
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
Merrill Lynch, Pierce, Fenner & Smith Inc.	10 percent owner	4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Merrill Lynch & Co., Inc.	10 percent owner	4 WORLD FINANCIAL CTR, NEW YORK NY 10080
Agnes Mullady	officer: Treasurer	ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza	other: Trustee	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019