Hipgnosis Songs Fund (LSE:SONG) Debt-to-Equity : 0.45 (As of Sep. 2023)

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What is Hipgnosis Songs Fund Debt-to-Equity?

Hipgnosis Songs Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Hipgnosis Songs Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £484.47 Mil. Hipgnosis Songs Fund's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £1,075.88 Mil. Hipgnosis Songs Fund's debt to equity for the quarter that ended in Sep. 2023 was 0.45.

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 Hipgnosis Songs Fund's Debt-to-Equity or its related term are showing as below:

LSE:SONG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.38 Max: 0.45
Current: 0.45

During the past 5 years, the highest Debt-to-Equity Ratio of Hipgnosis Songs Fund was 0.45. The lowest was 0.04. And the median was 0.38.

LSE:SONG's Debt-to-Equity is ranked worse than
59.62% of 847 companies
in the Media - Diversified industry
Industry Median: 0.28 vs LSE:SONG: 0.45

Hipgnosis Songs Fund Debt-to-Equity Historical Data

The historical data trend for Hipgnosis Songs 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.

Hipgnosis Songs Fund Debt-to-Equity Chart

Hipgnosis Songs Fund Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.09

0.39

0.38

0.42

Hipgnosis Songs Fund Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial				0.36	0.38	0.39	0.42	0.45

Competitive Comparison of Hipgnosis Songs Fund's Debt-to-Equity

For the Entertainment subindustry, Hipgnosis Songs 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.

Hipgnosis Songs Fund's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hipgnosis Songs Fund's Debt-to-Equity distribution charts can be found below:

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

Hipgnosis Songs Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hipgnosis Songs Fund'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	+	490.414)	/	1182.056
	=	0.41

Hipgnosis Songs Fund'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	+	484.471)	/	1075.875
	=	0.45

Hipgnosis Songs Fund (LSE:SONG) 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.

Hipgnosis Songs Fund Debt-to-Equity Related Terms

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Hipgnosis Songs Fund (LSE:SONG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hipgnosis Songs Fund Ltd (LSE:SONG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY

Website

https://www.hipgnosissongs.com

Hipgnosis Songs Fund Ltd is an investment company. The company's investment objective is to provide shareholders with an attractive and growing level of income, together with the potential for capital growth. It offers to play exposure to songs and associated musical intellectual property rights. Hipgnosis Songs Fund serves customers globally.