JPMorgan European Discovery Trust (LSE:JEDT) Debt-to-Equity

: 0.00 (As of Sep. 2023)

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JPMorgan European Discovery Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. JPMorgan European Discovery Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. JPMorgan European Discovery Trust's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £684.08 Mil. JPMorgan European Discovery Trust's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 European Discovery Trust's Debt-to-Equity or its related term are showing as below:

LSE:JEDT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.11 Max: 0.21
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of JPMorgan European Discovery Trust was 0.21. The lowest was 0.03. And the median was 0.11.

LSE:JEDT's Debt-to-Equity is ranked better than
55.78% of 1020 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:JEDT: 0.16

JPMorgan European Discovery Trust Debt-to-Equity Historical Data

The historical data trend for JPMorgan European Discovery Trust'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.

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JPMorgan European Discovery Trust Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.21

0.09

0.14

JPMorgan European Discovery Trust 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																-	0.09	-	0.14	-

Competitive Comparison

For the Asset Management subindustry, JPMorgan European Discovery Trust'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 European Discovery Trust Debt-to-Equity Distribution

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

* The bar in red indicates where JPMorgan European Discovery Trust's Debt-to-Equity falls into.

JPMorgan European Discovery Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JPMorgan European Discovery Trust'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	+	109.836)	/	785.062
	=	0.14

JPMorgan European Discovery Trust'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	+	0)	/	684.083
	=	0.00

JPMorgan European Discovery Trust (LSE:JEDT) 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 European Discovery Trust Debt-to-Equity Related Terms

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JPMorgan European Discovery Trust (LSE:JEDT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan European Discovery Trust PLC (LSE:JEDT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JEDTl:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

https://www.jpmeuropeandiscovery.co.uk

JPMorgan European Discovery Trust PLC is an investment trust company. Its objective is to achieve capital growth from smaller European companies (excluding the United Kingdom). In seeking to achieve this objective, the Company employs JPMorgan Funds Limited which, in turn, delegates portfolio management to JPMorgan Asset Management (UK) Limited to actively manage the company's assets. The investment policy emphasizes capital growth rather than income. It has a presence in the Netherlands, Sweden, Italy, Germany, France, Norway, Austria, Belgium, Switzerland, and Spain.

JPMorgan European Discovery Trust (LSE:JEDT) Headlines

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