PIMCO Tacticalome Fund (TSX:PTI.UN) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is PIMCO Tacticalome Fund Debt-to-Equity?

PIMCO Tacticalome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. PIMCO Tacticalome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$70.98 Mil. PIMCO Tacticalome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$273.72 Mil. PIMCO Tacticalome Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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

TSX:PTI.UN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.29 Max: 0.31
Current: 0.26

During the past 4 years, the highest Debt-to-Equity Ratio of PIMCO Tacticalome Fund was 0.31. The lowest was 0.26. And the median was 0.29.

TSX:PTI.UN's Debt-to-Equity is ranked worse than
54.82% of 1016 companies
in the Asset Management industry
Industry Median: 0.195 vs TSX:PTI.UN: 0.26

PIMCO Tacticalome Fund Debt-to-Equity Historical Data

The historical data trend for PIMCO Tacticalome 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.

PIMCO Tacticalome Fund Debt-to-Equity Chart

PIMCO Tacticalome Fund Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.29

0.31

0.26

PIMCO Tacticalome Fund Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.29	0.36	0.31	0.25	0.26

Competitive Comparison of PIMCO Tacticalome Fund's Debt-to-Equity

For the Asset Management subindustry, PIMCO Tacticalome 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.

PIMCO Tacticalome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

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

PIMCO Tacticalome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PIMCO Tacticalome Fund'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	+	70.98)	/	273.715
	=	0.26

PIMCO Tacticalome Fund'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	+	70.98)	/	273.715
	=	0.26

PIMCO Tacticalome Fund (TSX:PTI.UN) 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.

PIMCO Tacticalome Fund Debt-to-Equity Related Terms

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PIMCO Tacticalome Fund (TSX:PTI.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PIMCO Tactical Income Fund (TSX:PTI.UN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Bay Street, Commerce Court West, Suite 2050, Toronto, ON, CAN, M5L1G2

Website

https://www.pimco.ca

PIMCO Tactical Income Fund is a closed-end investment fund company. The Fund's investment objectives are to provide unitholders with current income as the primary objective and capital appreciation as a secondary objective, through various market cycles, by utilizing a dynamic asset allocation among multiple sectors in various credit markets, including corporate debt, mortgage-related, and other asset-backed securities, government and sovereign debt, taxable municipal bonds, other fixed-, variable- and floating-rate income-producing securities of U.S. and various issuers, including emerging market issuers, and real estate-related investments.

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