Polar Capital Technology Trust (LSE:PCT) Debt-to-Equity : 0.02 (As of Oct. 2023)

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What is Polar Capital Technology Trust Debt-to-Equity?

Polar Capital Technology Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £0.0 Mil. Polar Capital Technology Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £50.7 Mil. Polar Capital Technology Trust's Total Stockholders Equity for the quarter that ended in Oct. 2023 was £3,093.0 Mil. Polar Capital Technology Trust's debt to equity for the quarter that ended in Oct. 2023 was 0.02.

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

LSE:PCT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.04
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Polar Capital Technology Trust was 0.04. The lowest was 0.01. And the median was 0.02.

LSE:PCT's Debt-to-Equity is ranked better than
93.5% of 1016 companies
in the Asset Management industry
Industry Median: 0.195 vs LSE:PCT: 0.02

Polar Capital Technology Trust Debt-to-Equity Historical Data

The historical data trend for Polar Capital Technology Trust'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.

Polar Capital Technology Trust Debt-to-Equity Chart

Polar Capital Technology Trust Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.03

0.02

Polar Capital Technology Trust Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.02	0.02	0.02	0.02

Competitive Comparison of Polar Capital Technology Trust's Debt-to-Equity

For the Asset Management subindustry, Polar Capital Technology Trust'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.

Polar Capital Technology Trust's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Polar Capital Technology Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Polar Capital Technology Trust's Debt to Equity Ratio for the fiscal year that ended in Apr. 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	+	50.845)	/	2828.141
	=	0.02

Polar Capital Technology Trust's Debt to Equity Ratio for the quarter that ended in Oct. 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	+	50.687)	/	3093.037
	=	0.02

Polar Capital Technology Trust (LSE:PCT) 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.

Polar Capital Technology Trust Debt-to-Equity Related Terms

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Polar Capital Technology Trust (LSE:PCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Technology Trust PLC (LSE:PCT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PCTl:UK

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapitaltechnologytrust.co.uk

Polar Capital Technology Trust PLC is a UK-based investment trust company. The company's investment objective is to maximize long-term capital growth by investing in a diversified portfolio of technology companies across the world. Geographically, the company earns investment income from North America, Europe, and the Asia Pacific region. It invests in Software, Interactive Media and Services, Semiconductors and Semiconductor Equipment, Technology Hardware, Storage and Peripherals, Internet and Direct Marketing Retail, IT Services, Entertainment, and other sectors.