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Morgan Stanley Emerg Mkts Debt Fd (Morgan Stanley Emerg Mkts Debt Fd) Return-on-Tangible-Equity : 13.90% (As of Dec. 2023)


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What is Morgan Stanley Emerg Mkts Debt Fd Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Morgan Stanley Emerg Mkts Debt Fd's annualized net income for the quarter that ended in Dec. 2023 was $21.34 Mil. Morgan Stanley Emerg Mkts Debt Fd's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $153.49 Mil. Therefore, Morgan Stanley Emerg Mkts Debt Fd's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 13.90%.

The historical rank and industry rank for Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity or its related term are showing as below:

MSD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.13   Med: 4.23   Max: 13.3
Current: 11.05

During the past 7 years, Morgan Stanley Emerg Mkts Debt Fd's highest Return-on-Tangible-Equity was 13.30%. The lowest was -21.13%. And the median was 4.23%.

MSD's Return-on-Tangible-Equity is ranked better than
69.58% of 1670 companies
in the Asset Management industry
Industry Median: 5.07 vs MSD: 11.05

Morgan Stanley Emerg Mkts Debt Fd Return-on-Tangible-Equity Historical Data

The historical data trend for Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-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.

Morgan Stanley Emerg Mkts Debt Fd Return-on-Tangible-Equity Chart

Morgan Stanley Emerg Mkts Debt Fd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial 13.30 4.23 -2.22 -21.13 11.00

Morgan Stanley Emerg Mkts Debt Fd Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.93 -48.72 7.35 8.25 13.90

Competitive Comparison of Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity

For the Asset Management subindustry, Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-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.


Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity falls into.



Morgan Stanley Emerg Mkts Debt Fd Return-on-Tangible-Equity Calculation

Morgan Stanley Emerg Mkts Debt Fd's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=16.991/( (154.212+154.596 )/ 2 )
=16.991/154.404
=11.00 %

Morgan Stanley Emerg Mkts Debt Fd's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=21.342/( (152.374+154.596)/ 2 )
=21.342/153.485
=13.90 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Morgan Stanley Emerg Mkts Debt Fd  (NYSE:MSD) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Morgan Stanley Emerg Mkts Debt Fd Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Morgan Stanley Emerg Mkts Debt Fd (Morgan Stanley Emerg Mkts Debt Fd) Business Description

Traded in Other Exchanges
N/A
Address
522 Fifth Avenue, New York, NY, USA, 10036
Morgan Stanley Emerg Mkts Debt Fd Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is to produce high current income and as a secondary objective to seek capital appreciation, through investments mainly in debt securities of government and government-related issuers located in emerging countries, of entities organized to restructure the outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.
Executives
Michael J Key officer: Vice President 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Kyle Lee officer: Portfolio Manager 1633 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Federico C Sequeda officer: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Ali Akbar Causer officer: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eddie Arthur Grier other: Advisory Board Member 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Frances Cashman other: Advisory Board Member MORGAN STANLEY INVESTMENT MANAGEMENT, 1633 BROADWAY 29TH FLOOR, NEW YORK NY 10019
Deidre Downes officer: Chief Compliance Officer 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Patricia A Maleski director C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036
Timothy J Knierim officer: CCO 100 MULBERRY STREET, NEWARK NJ 07102
Sahil Tandon officer: Portfolio Manager 522 5TH AVE, NEW YORK NY 10036
Jakki L. Haussler director 221 EAST FOURTH STREET, CINCINNATI OH 45202
Nancy Everett director 1812 PARK AVE, RICHMOND VA 23220
Nystedt Bo Jens Andreas other: Portfolio Manager 522 5TH AVENUE, NEW YORK NY 10036
Warren John Mar other: Portfolio Manager 522 5TH AVENUE, NEW YORK NY 10036
Joseph C Benedetti officer: Vice President C/O INVESCO, 225 LIBERTY STREET, NEW YORK NY 10281

Morgan Stanley Emerg Mkts Debt Fd (Morgan Stanley Emerg Mkts Debt Fd) Headlines

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