MFS Charterome Trust (MFS Charterome Trust) Debt-to-Equity : 0.34 (As of Nov. 2023)

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What is MFS Charterome Trust Debt-to-Equity?

MFS Charterome Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. MFS Charterome Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $95.00 Mil. MFS Charterome Trust's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $283.48 Mil. MFS Charterome Trust's debt to equity for the quarter that ended in Nov. 2023 was 0.34.

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 MFS Charterome Trust's Debt-to-Equity or its related term are showing as below:

MCR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.25 Max: 0.34
Current: 0.34

During the past 7 years, the highest Debt-to-Equity Ratio of MFS Charterome Trust was 0.34. The lowest was 0.22. And the median was 0.25.

MCR's Debt-to-Equity is ranked worse than
61.95% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs MCR: 0.34

MFS Charterome Trust Debt-to-Equity Historical Data

The historical data trend for MFS Charterome 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.

MFS Charterome Trust Debt-to-Equity Chart

MFS Charterome Trust Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.25

0.27

0.33

0.34

MFS Charterome Trust Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial								0.27	0.31	0.33	0.32	0.34

Competitive Comparison of MFS Charterome Trust's Debt-to-Equity

For the Asset Management subindustry, MFS Charterome 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.

MFS Charterome Trust's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where MFS Charterome Trust's Debt-to-Equity falls into.

MFS Charterome Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MFS Charterome Trust's Debt to Equity Ratio for the fiscal year that ended in Nov. 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	+	95)	/	283.475
	=	0.34

MFS Charterome Trust's Debt to Equity Ratio for the quarter that ended in Nov. 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	+	95)	/	283.475
	=	0.34

MFS Charterome Trust (NYSE:MCR) 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.

MFS Charterome Trust Debt-to-Equity Related Terms

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

MFS Charterome Trust (MFS Charterome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MFS Charter Income Trust (NYSE:MCR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Huntington Avenue, Boston, MA, USA, 02199

Website

https://www.mfs.com

MFS Charter Income Trust is a United States-based closed-end fund. Its investment objective is to seek high current income. The fund invests the assets in debt instruments. It invests the assets in corporate bonds of U.S. and foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed and other asset-backed securities of U.S. and foreign issuers, and debt instruments of issuers located in emerging market countries. The portfolio of investments comprises different sectors investment such as aerospace, airlines, automotive, building, business services, chemicals, electronics, and other sectors.

Executives

Linda Dougherty	other: OFFICER OF ADVISOR	111 HUNTINGTON AVENUE, BOSTON MA 02199
Neeraj Arora	other: PORTFOLIO MANAGER	111 HUNTINGTON AVENUE, BOSTON MA 02199
John David Mitchell	other: PORTFOLIO MANAGER	111 HUNTINGTON AVENUE, BOSTON MA 02199
Rosa Licea-mailloux	other: CHIEF COMPLIANCE OFFICER	111 HUNTINGTON AVENUE, BOSTON MA 02199
Manjit Singh	director	111 HUNTINGTON AVENUE, BOSTON MA 02072
Melissa Kennedy	other: OFFICER OF ADVISOR	111 HUNTINGTON AVENUE, BOSTON MA 02199
Jacques Jr Goulet	other: OFFICER TO ADVISOR	111 HUNTINGTON AVENUE, BOSTON MA 02199
Henry Peabody	other: PORTFOLIO MANAGER	111 HUNTINGTON AVENUE, BOSTON MA 02199
Philipp Burgener	other: PORTFOLIO MANAGER	111 HUNTINGTON AVENUE, BOSTON MA 02199
Andy Li	other: PORTFOLIO MANAGER	111 HUNTINGTON AVENUE, BOSTON MA 02199
James W. Kilman	director	111 HUNTINGTON AVENUE, BOSTON MA 02199
Edward M. Maloney	officer: Officer of Advisor	111 HUNTINGTON AVENUE, BOSTON MA 02199
Peter Darrell Jones	director	111 HUNTINGTON AVENUE, BOSTON MA 02199
Michael Skatrud	other: Portfolio Manager	MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 01760
Carol W. Geremia	officer: PRESIDENT	111 HUNTINGTON AVENUE, BOSTON MA 02199