M&G (LSE:MNG) Debt-to-Equity

: 2.10 (As of Dec. 2023)

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M&G's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0 Mil. M&G's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £8,476 Mil. M&G's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £4,041 Mil. M&G's debt to equity for the quarter that ended in Dec. 2023 was 2.10.

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 M&G's Debt-to-Equity or its related term are showing as below:

LSE:MNG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 1.41 Max: 2.1
Current: 2.1

During the past 8 years, the highest Debt-to-Equity Ratio of M&G was 2.10. The lowest was 0.19. And the median was 1.41.

LSE:MNG's Debt-to-Equity is ranked worse than
94.41% of 1020 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:MNG: 2.10

M&G Debt-to-Equity Historical Data

The historical data trend for M&G'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.

M&G Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.53

1.55

1.30

1.87

2.10

M&G Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity										1.30	2.13	1.87	2.05	2.10

Competitive Comparison

For the Asset Management subindustry, M&G'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.

M&G Debt-to-Equity Distribution

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

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

M&G Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

M&G's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	8476)	/	4041
	=	2.10

M&G'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
	=	(0	+	8476)	/	4041
	=	2.10

M&G (LSE:MNG) 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.

M&G Debt-to-Equity Related Terms

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M&G (LSE:MNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M&G PLC (LSE:MNG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MGPUF:USA MNGl:UK 7MP:Germany

Address

10 Fenchurch Avenue, London, GBR, EC3M 5AG

Website

https://www.mandgprudential.com

M&G PLC is a United Kingdom-based company engaged in the savings and investments business. It serves retail customers, who want to build and protect their life savings, and provides investment solutions. The company's reportable segments are 1) Asset Management segment which generates revenues by charging fees that are typically based on the level of assets under management. The Asset Management segment also earns investment management revenues from the proportion of Retail and Savings assets it manages, 2) Retail and Savings segment which includes M and G Wealth, Heritage business and Other Retail and Savings business which relates to the company's international savings business. and 3) Corporate Centre segment includes central corporate costs and debt costs.

M&G (LSE:MNG) Headlines

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