JPMorgan China Growth &ome (CHIX:JCGIL) Debt-to-Equity : 0.14 (As of Sep. 2023)

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What is JPMorgan China Growth &ome Debt-to-Equity?

JPMorgan China Growth &ome's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. JPMorgan China Growth &ome's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £31.81 Mil. JPMorgan China Growth &ome's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £229.77 Mil. JPMorgan China Growth &ome's debt to equity for the quarter that ended in Sep. 2023 was 0.14.

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 JPMorgan China Growth &ome's Debt-to-Equity or its related term are showing as below:

CHIX:JCGIl' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.11 Max: 0.21
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of JPMorgan China Growth &ome was 0.21. The lowest was 0.09. And the median was 0.11.

CHIX:JCGIl's Debt-to-Equity is ranked better than
60.08% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs CHIX:JCGIl: 0.14

JPMorgan China Growth &ome Debt-to-Equity Historical Data

The historical data trend for JPMorgan China Growth &ome'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.

JPMorgan China Growth &ome Debt-to-Equity Chart

JPMorgan China Growth &ome Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.11

0.10

0.20

0.14

JPMorgan China Growth &ome Quarterly Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	-	0.20	-	0.14

Competitive Comparison of JPMorgan China Growth &ome's Debt-to-Equity

For the Asset Management subindustry, JPMorgan China Growth &ome'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.

JPMorgan China Growth &ome's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan China Growth &ome's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where JPMorgan China Growth &ome's Debt-to-Equity falls into.

JPMorgan China Growth &ome Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JPMorgan China Growth &ome's Debt to Equity Ratio for the fiscal year that ended in Sep. 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	+	31.808)	/	229.772
	=	0.14

JPMorgan China Growth &ome's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	31.808)	/	229.772
	=	0.14

JPMorgan China Growth &ome (CHIX:JCGIl) 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.

JPMorgan China Growth &ome Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of JPMorgan China Growth &ome's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

JPMorgan China Growth &ome (CHIX:JCGIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan China Growth & Income PLC (CHIX:JCGIl) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

JCGI:UK

Address

60 Victoria Embankment, London, GBR, EC4Y0JP

Website

http://www.jpmchinagrowthandincome.co.uk

JPMorgan China Growth & Income PLC is an investment trust company. Its investment objective is to provide long term capital growth by investment in Greater China companies. The company seeks to achieve its determined objectives, it invests in securities quoted on the stock exchanges of China, Hong Kong, and Taiwan or which derive a substantial part of their revenues or profits from these territories. It may use gearing up to a maximum level of nearly 20% of shareholders' funds to increase potential returns to shareholders. The company invests no more than 15% of gross assets in other UK listed investment companies. It reviews its performance against MSCI China Index, with net dividends reinvested, in sterling terms.

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