Literacy Capital (LSE:BOOK) Debt-to-Equity : 0.03 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Literacy Capital Debt-to-Equity?

Literacy Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. Literacy Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £9.47 Mil. Literacy Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £301.09 Mil. Literacy Capital's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Literacy Capital's Debt-to-Equity or its related term are showing as below:

LSE:BOOK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.07
Current: 0.03

During the past 4 years, the highest Debt-to-Equity Ratio of Literacy Capital was 0.07. The lowest was 0.03. And the median was 0.05.

LSE:BOOK's Debt-to-Equity is ranked better than
90.04% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:BOOK: 0.03

Literacy Capital Debt-to-Equity Historical Data

The historical data trend for Literacy Capital'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.

Literacy Capital Debt-to-Equity Chart

Literacy Capital Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.07

0.03

Literacy Capital Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Sep22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	0.06	0.06	0.03

Competitive Comparison of Literacy Capital's Debt-to-Equity

For the Asset Management subindustry, Literacy Capital'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.

Literacy Capital's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Literacy Capital's Debt-to-Equity falls into.

Literacy Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Literacy Capital'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	+	9.465)	/	301.087
	=	0.03

Literacy Capital'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	+	9.465)	/	301.087
	=	0.03

Literacy Capital (LSE:BOOK) 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.

Literacy Capital Debt-to-Equity Related Terms

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

Literacy Capital (LSE:BOOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Literacy Capital PLC (LSE:BOOK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-11 Regent Street, St James's, 3rd Floor, Charles House, London, GBR, SW1Y 4LR

Website

https://www.literacycapital.com

Literacy Capital PLC is a closed-end investment company focused on investing in and supporting UK businesses and helping their management teams to achieve long-term success.

Literacy Capital (LSE:BOOK) Headlines

No Headlines