Priorityome Fund, (Priorityome Fund,) Debt-to-Equity : 0.08 (As of Jun. 2023)

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What is Priorityome Fund, Debt-to-Equity?

Priorityome Fund,'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $10.00 Mil. Priorityome Fund,'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $38.89 Mil. Priorityome Fund,'s Total Stockholders Equity for the quarter that ended in Jun. 2023 was $609.39 Mil. Priorityome Fund,'s debt to equity for the quarter that ended in Jun. 2023 was 0.08.

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 Priorityome Fund,'s Debt-to-Equity or its related term are showing as below:

PRIF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.07 Max: 0.1
Current: 0.08

During the past 11 years, the highest Debt-to-Equity Ratio of Priorityome Fund, was 0.10. The lowest was 0.04. And the median was 0.07.

PRIF's Debt-to-Equity is not ranked
in the Asset Management industry.
Industry Median: 0.2 vs PRIF: 0.08

Priorityome Fund, Debt-to-Equity Historical Data

The historical data trend for Priorityome 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.

Priorityome Fund, Debt-to-Equity Chart

Priorityome Fund, Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.04

0.07

0.10

0.08

Priorityome Fund, Semi-Annual Data
	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial						-	0.04	0.07	0.10	0.08

Competitive Comparison of Priorityome Fund,'s Debt-to-Equity

For the Asset Management subindustry, Priorityome 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.

Priorityome Fund,'s Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Priorityome Fund,'s Debt-to-Equity falls into.

Priorityome Fund, Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Priorityome Fund,'s Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(10	+	38.892)	/	609.387
	=	0.08

Priorityome Fund,'s Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(10	+	38.892)	/	609.387
	=	0.08

Priorityome Fund, (GREY:PRIF) 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.

Priorityome Fund, Debt-to-Equity Related Terms

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

Priorityome Fund, (Priorityome Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Priority Income Fund, Inc. (GREY:PRIF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PRIFPG.PFD:USA PRIFpF.PFD:USA PRIFpD.PFD:USA

Address

10 East 40th Street, 42nd Floor, New York, NY, USA, 10016

Website

https://www.priorityincomefund.com

Priority Income Fund, Inc. is an externally managed, nondiversified, closed-end management investment company. Its investment objective is to generate current income, and as a secondary objective, long-term capital appreciation. The company invests in broad pools of senior secured, floating rate loans made primarily to U.S. companies. Its goal is to increase income and portfolio diversification and reduce correlation to traditional fixed-income assets.

Priorityome Fund, (Priorityome Fund,) Headlines

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