Portman Ridge Finance (FRA:KJ7A) Debt-to-Equity : 1.51 (As of Dec. 2023)

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What is Portman Ridge Finance Debt-to-Equity?

Portman Ridge Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Portman Ridge Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €295.65 Mil. Portman Ridge Finance's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €195.80 Mil. Portman Ridge Finance's debt to equity for the quarter that ended in Dec. 2023 was 1.51.

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 Portman Ridge Finance's Debt-to-Equity or its related term are showing as below:

FRA:KJ7A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.97 Max: 1.73
Current: 1.51

During the past 13 years, the highest Debt-to-Equity Ratio of Portman Ridge Finance was 1.73. The lowest was 0.56. And the median was 0.97.

FRA:KJ7A's Debt-to-Equity is ranked worse than
92.44% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs FRA:KJ7A: 1.51

Portman Ridge Finance Debt-to-Equity Historical Data

The historical data trend for Portman Ridge Finance'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.

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Portman Ridge Finance Debt-to-Equity Chart

Portman Ridge Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.01

1.73

1.24

1.61

1.51

Portman Ridge Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.61	1.57	1.53	1.48	1.51

Competitive Comparison of Portman Ridge Finance's Debt-to-Equity

For the Asset Management subindustry, Portman Ridge Finance'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.

Portman Ridge Finance's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Portman Ridge Finance's Debt-to-Equity falls into.

Portman Ridge Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Portman Ridge Finance'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	+	295.65)	/	195.796
	=	1.51

Portman Ridge Finance'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	+	295.65)	/	195.796
	=	1.51

Portman Ridge Finance (FRA:KJ7A) 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.

Portman Ridge Finance Debt-to-Equity Related Terms

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Portman Ridge Finance (FRA:KJ7A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Portman Ridge Finance Corp (FRA:KJ7A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PTMN:USA

Address

650 Madison Avenue, 23rd Floor, New York, NY, USA, 10022

Website

https://www.portmanridge.com

Portman Ridge Finance Corp Inc is a non-diversified closed-end investment company. The primary investment objective of the firm is to generate current income and capital appreciation by lending directly to privately-held middle-market companies. It invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies, asset management companies, and debt and subordinated securities.

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