Listed for the trailing twelve months, this ratio is calculated by dividing long-term debt (excluding other liabilities) by total capitalization (the sum of common equity plus preferred equity plus long-term debt). This figure is not provided for financial companies. Debt % to Total Capitalization for a mutual fund represents a weighted median figure such that approximately 50% of the domestic stocks in the portfolio will have a greater debt-to-total-cap and roughly 50% of these domestic stocks will have a lower debt-to-total-cap than the weighted median.
Origin
All debt to total capitalization figures are calculated in house at the equity level, based on the domestic stocks in the fund’s most recently reported portfolio. Portfolio analytics are calculated when we receive an updated portfolio from the fund company.