Shiresome (LSE:SHRS) Debt-to-Equity : 0.25 (As of Sep. 2023)

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What is Shiresome Debt-to-Equity?

Shiresome's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Shiresome's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £18.96 Mil. Shiresome's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £77.35 Mil. Shiresome's debt to equity for the quarter that ended in Sep. 2023 was 0.25.

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 Shiresome's Debt-to-Equity or its related term are showing as below:

LSE:SHRS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.24 Max: 0.3
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Shiresome was 0.30. The lowest was 0.22. And the median was 0.24.

LSE:SHRS's Debt-to-Equity is ranked worse than
53.94% of 1016 companies
in the Asset Management industry
Industry Median: 0.195 vs LSE:SHRS: 0.25

Shiresome Debt-to-Equity Historical Data

The historical data trend for Shiresome'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.

Shiresome Debt-to-Equity Chart

Shiresome Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.24

0.30

0.24

0.22

0.24

Shiresome Semi-Annual 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															0.22	0.22	0.26	0.24	0.25

Competitive Comparison of Shiresome's Debt-to-Equity

For the Asset Management subindustry, Shiresome'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.

Shiresome's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Shiresome Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shiresome's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	18.951)	/	79.913
	=	0.24

Shiresome'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	+	18.957)	/	77.353
	=	0.25

Shiresome (LSE:SHRS) 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.

Shiresome Debt-to-Equity Related Terms

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

Shiresome (LSE:SHRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shires Income PLC (LSE:SHRS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SHRSl:UK

Address

280 Bishopsgate, London, GBR, EC2M 4AG

Website

https://www.shiresincome.co.uk

Shires Income PLC is an investment company. The company's investment objective is to provide shareholders with a high level of income, together with the growth of both income and capital from a portfolio substantially invested in the United Kingdom(UK) equities. It primarily invests in and generates income through ordinary shares of quoted companies, convertible and preference shares. The company portfolio of investment includes various sectors such as Oil and Gas, Basic Materials, Industrials, Consumer goods, Healthcare, Consumer Services, Telecommunications, Utilities, Financials, and Technology. It derives income in the form of UK and Overseas dividend income, Money market interest, Stock dividends, Deposit interest, and Traded option premiums.

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