Mercantile Investment Trust (The) (LSE:MRC) Debt-to-Equity : 0.18 (As of Jan. 2024)

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What is Mercantile Investment Trust (The) Debt-to-Equity?

Mercantile Investment Trust (The)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was £0.00 Mil. Mercantile Investment Trust (The)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was £327.93 Mil. Mercantile Investment Trust (The)'s Total Stockholders Equity for the quarter that ended in Jan. 2024 was £1,865.62 Mil. Mercantile Investment Trust (The)'s debt to equity for the quarter that ended in Jan. 2024 was 0.18.

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 Mercantile Investment Trust (The)'s Debt-to-Equity or its related term are showing as below:

LSE:MRC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.1 Max: 0.18
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Mercantile Investment Trust (The) was 0.18. The lowest was 0.08. And the median was 0.10.

LSE:MRC's Debt-to-Equity is ranked better than
53% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:MRC: 0.18

Mercantile Investment Trust (The) Debt-to-Equity Historical Data

The historical data trend for Mercantile Investment Trust (The)'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.

Mercantile Investment Trust (The) Debt-to-Equity Chart

Mercantile Investment Trust (The) Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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0.08

0.13

0.15

0.18

Mercantile Investment Trust (The) Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.15	-	0.18	-	0.18

Competitive Comparison of Mercantile Investment Trust (The)'s Debt-to-Equity

For the Asset Management subindustry, Mercantile Investment Trust (The)'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.

Mercantile Investment Trust (The)'s Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mercantile Investment Trust (The)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mercantile Investment Trust (The)'s Debt-to-Equity falls into.

Mercantile Investment Trust (The) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mercantile Investment Trust (The)'s Debt to Equity Ratio for the fiscal year that ended in Jan. 2024 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	+	327.934)	/	1865.619
	=	0.18

Mercantile Investment Trust (The)'s Debt to Equity Ratio for the quarter that ended in Jan. 2024 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	+	327.934)	/	1865.619
	=	0.18

Mercantile Investment Trust (The) (LSE:MRC) 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.

Mercantile Investment Trust (The) Debt-to-Equity Related Terms

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Mercantile Investment Trust (The) (LSE:MRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mercantile Investment Trust (The) PLC (LSE:MRC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MRCl:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

https://www.mercantileit.co.uk

Mercantile Investment Trust (The) PLC is an investment trust managed by JP Morgan Funds Limited. It aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. The trust's investment portfolio consists of various sectors such as Consumer Services, Financials, Industrial, Technology, Health Care, Basic Materials, Telecommunications, Utilities, Consumer Goods, Real Estate, and Oil & Gas.