Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principle payments will eventually prevent the firm from borrow excessively.
In most industries, total debt may also include current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meaningful to compare total debt amounts between companies that operate within the same sector.
Western Total Debt Assessment
Based on latest financial disclosure Western Asset Global Partners Income Fund Inc has Total Debt of 54.3 M. This is 99.84% lower than that of Financial sector, and 56.96% lower than that of Closed-End Fund - Debt industry, The Total Debt for all stocks is 98.97% higher than the company.
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Western Asset Global Partners Income Fund Inc is rated below average in total debt category among related companies. Total debt of Closed-End Fund - Debt industry is currently estimated at about 3.12 Billion. Western claims roughly 54.3 Million in total debt contributing just under 2% to stocks in Closed-End Fund - Debt industry.
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