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TwentyFour Select Monthlyome Fund (LSE:SMIF) Debt-to-Equity : 0.00 (As of Sep. 2023)


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What is TwentyFour Select Monthlyome Fund Debt-to-Equity?

TwentyFour Select Monthlyome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. TwentyFour Select Monthlyome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. TwentyFour Select Monthlyome Fund's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £181.69 Mil. TwentyFour Select Monthlyome Fund's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 TwentyFour Select Monthlyome Fund's Debt-to-Equity or its related term are showing as below:

LSE:SMIF's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

TwentyFour Select Monthlyome Fund Debt-to-Equity Historical Data

The historical data trend for TwentyFour Select Monthlyome Fund'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.

TwentyFour Select Monthlyome Fund Debt-to-Equity Chart

TwentyFour Select Monthlyome Fund Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
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TwentyFour Select Monthlyome Fund Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Competitive Comparison of TwentyFour Select Monthlyome Fund's Debt-to-Equity

For the Asset Management subindustry, TwentyFour Select Monthlyome Fund'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.


TwentyFour Select Monthlyome Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, TwentyFour Select Monthlyome Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where TwentyFour Select Monthlyome Fund's Debt-to-Equity falls into.



TwentyFour Select Monthlyome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TwentyFour Select Monthlyome Fund's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

TwentyFour Select Monthlyome Fund's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

* 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.


TwentyFour Select Monthlyome Fund  (LSE:SMIF) 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.


TwentyFour Select Monthlyome Fund Debt-to-Equity Related Terms

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TwentyFour Select Monthlyome Fund (LSE:SMIF) Business Description

Traded in Other Exchanges
Address
11 Monument Street, 8th Floor, The Monument Building, London, GBR, EC3R 8AF
TwentyFour Select Monthly Income Fund Ltd is a closed-ended investment company registered in Guernsey. Its investment objective is to generate attractive risk-adjusted returns, principally through income distributions. The company's investment policy is to invest in a diversified portfolio which comprises of any category of credit security including bank capital, corporate bonds, high yield bonds, leveraged loans, payment-in-kind notes, and asset-backed securities.

TwentyFour Select Monthlyome Fund (LSE:SMIF) Headlines

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