Morphic Ethical Equity Fund (ASX:MEC) Debt-to-Equity : 0.00 (As of Dec. 2022)

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What is Morphic Ethical Equity Fund Debt-to-Equity?

Morphic Ethical Equity Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$0.06 Mil. Morphic Ethical Equity Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$0.00 Mil. Morphic Ethical Equity Fund's Total Stockholders Equity for the quarter that ended in Dec. 2022 was A$57.50 Mil. Morphic Ethical Equity Fund's debt to equity for the quarter that ended in Dec. 2022 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 Morphic Ethical Equity Fund's Debt-to-Equity or its related term are showing as below:

ASX:MEC'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.

Morphic Ethical Equity Fund Debt-to-Equity Historical Data

The historical data trend for Morphic Ethical Equity 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.

Morphic Ethical Equity Fund Debt-to-Equity Chart

Morphic Ethical Equity Fund Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Debt-to-Equity

0.20

0.39

0.07

0.14

Morphic Ethical Equity Fund Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Dec22
Debt-to-Equity	Get a 7-Day Free Trial					0.07	0.02	0.14	0.01	-

Competitive Comparison of Morphic Ethical Equity Fund's Debt-to-Equity

For the Asset Management subindustry, Morphic Ethical Equity 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.

Morphic Ethical Equity Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Morphic Ethical Equity Fund's Debt-to-Equity falls into.

Morphic Ethical Equity Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Morphic Ethical Equity Fund's Debt to Equity Ratio for the fiscal year that ended in Sep. 2021 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
	=	(10.055	+	0)	/	73.163
	=	0.14

Morphic Ethical Equity Fund's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(0.058	+	0)	/	57.504
	=	0.00

Morphic Ethical Equity Fund (ASX:MEC) 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.

Morphic Ethical Equity Fund Debt-to-Equity Related Terms

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Morphic Ethical Equity Fund (ASX:MEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Morphic Ethical Equity Fund Ltd (ASX:MEC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

179 Elizabeth Street, Level 11, Sydney, NSW, AUS, 2000

Website

https://www.morphicasset.com

Morphic Ethical Equity Fund Ltd seeks to provide investors a way to grow their wealth. The fund excludes direct investments in entities involved in environmental destruction, including coal and uranium mining, oil and gas, intensive animal farming and aquaculture, tobacco and alcohol, armaments, gambling and rainforest.