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PM Capital Global Opportunities Fund (ASX:PGF) Debt-to-Equity : 0.15 (As of Dec. 2023)


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What is PM Capital Global Opportunities Fund Debt-to-Equity?

PM Capital Global Opportunities Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$101.2 Mil. PM Capital Global Opportunities Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. PM Capital Global Opportunities Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$688.4 Mil. PM Capital Global Opportunities Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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 PM Capital Global Opportunities Fund's Debt-to-Equity or its related term are showing as below:

ASX:PGF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.08   Max: 0.2
Current: 0.15

During the past 9 years, the highest Debt-to-Equity Ratio of PM Capital Global Opportunities Fund was 0.20. The lowest was 0.01. And the median was 0.08.

ASX:PGF's Debt-to-Equity is ranked better than
57.87% of 1016 companies
in the Asset Management industry
Industry Median: 0.195 vs ASX:PGF: 0.15

PM Capital Global Opportunities Fund Debt-to-Equity Historical Data

The historical data trend for PM Capital Global Opportunities 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.

PM Capital Global Opportunities Fund Debt-to-Equity Chart

PM Capital Global Opportunities Fund Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.08 0.07 0.06 0.02 0.08

PM Capital Global Opportunities Fund Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.02 0.09 0.08 0.15

Competitive Comparison of PM Capital Global Opportunities Fund's Debt-to-Equity

For the Asset Management subindustry, PM Capital Global Opportunities 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.

PM Capital Global Opportunities Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where PM Capital Global Opportunities Fund's Debt-to-Equity falls into.


PM Capital Global Opportunities Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PM Capital Global Opportunities Fund's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
=(53.346 + 0) / 671.791
=0.08

PM Capital Global Opportunities Fund's Debt to Equity Ratio for the quarter that ended in Dec. 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
=(101.2 + 0) / 688.427
=0.15

* 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.

PM Capital Global Opportunities Fund  (ASX:PGF) 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.

PM Capital Global Opportunities Fund Debt-to-Equity Related Terms

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

PM Capital Global Opportunities Fund (ASX:PGF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PM Capital Global Opportunities Fund Ltd (ASX:PGF) » Definitions » Debt-to-Equity
Comparable Companies
ASX:PL8 ASX:PTM ASX:EQT ASX:WGB ASX:MAF ASX:QRI ASX:MOT ASX:HM1 ASX:GCI ASX:PAC BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
68 York Street, Level 11, Sydney, NSW, AUS, 2000
Website
https://www.pmcapital.com.au
PM Capital Global Opportunities Fund Ltd is engaged in investing in a portfolio of listed securities across securities markets. Its investment objective is to increase the value of its portfolio by providing long-term capital growth. The fund seeks to invest in stocks of companies that are operating across diversified sectors. The company offers concentrated strategies for investors.