Middlefield Canadianome PCC (LSE:MCT) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is Middlefield Canadianome PCC Debt-to-Equity?

Middlefield Canadianome PCC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. Middlefield Canadianome PCC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £21.83 Mil. Middlefield Canadianome PCC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £129.44 Mil. Middlefield Canadianome PCC's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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 Middlefield Canadianome PCC's Debt-to-Equity or its related term are showing as below:

LSE:MCT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.22 Max: 0.29
Current: 0.17

During the past 8 years, the highest Debt-to-Equity Ratio of Middlefield Canadianome PCC was 0.29. The lowest was 0.17. And the median was 0.22.

LSE:MCT's Debt-to-Equity is ranked better than
54.54% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:MCT: 0.17

Middlefield Canadianome PCC Debt-to-Equity Historical Data

The historical data trend for Middlefield Canadianome PCC'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.

Middlefield Canadianome PCC Debt-to-Equity Chart

Middlefield Canadianome PCC Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.24

0.26

0.20

0.17

Middlefield Canadianome PCC Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.26	0.21	0.20	0.22	0.17

Competitive Comparison of Middlefield Canadianome PCC's Debt-to-Equity

For the Asset Management subindustry, Middlefield Canadianome PCC'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.

Middlefield Canadianome PCC's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Middlefield Canadianome PCC's Debt-to-Equity falls into.

Middlefield Canadianome PCC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Middlefield Canadianome PCC'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	+	21.832)	/	129.439
	=	0.17

Middlefield Canadianome PCC'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	+	21.832)	/	129.439
	=	0.17

Middlefield Canadianome PCC (LSE:MCT) 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.

Middlefield Canadianome PCC Debt-to-Equity Related Terms

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

Middlefield Canadianome PCC (LSE:MCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Middlefield Canadian Income PCC (LSE:MCT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MCTl:UK

Address

28 Esplanade, St Helier, JEY, JE2 3QA

Website

https://www.middlefield.co.uk/mcit.htm

Middlefield Canadian Income PCC is a closed-ended fund. Its investment objective is to provide shareholders with a high level of dividends and capital growth over the longer term. The fund intends to pay dividends on a quarterly basis each year. It intends to achieve its investment objective by investing predominantly in the securities of companies and REITs domiciled in Canada and listed on the Canadian Stock Exchange. It invests in various market sectors, of which the major share is invested in Real Estate, Financials, Utilities, Pipelines, and Technology sectors.

Middlefield Canadianome PCC (LSE:MCT) Headlines

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