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MFS Multimarketome Trust (MFS Multimarketome Trust) Debt-to-Equity : 0.36 (As of Oct. 2023)


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What is MFS Multimarketome Trust Debt-to-Equity?

MFS Multimarketome Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. MFS Multimarketome Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $95.00 Mil. MFS Multimarketome Trust's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $264.46 Mil. MFS Multimarketome Trust's debt to equity for the quarter that ended in Oct. 2023 was 0.36.

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

MMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21   Med: 0.27   Max: 0.36
Current: 0.36

During the past 7 years, the highest Debt-to-Equity Ratio of MFS Multimarketome Trust was 0.36. The lowest was 0.21. And the median was 0.27.

MMT's Debt-to-Equity is ranked worse than
63.27% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs MMT: 0.36

MFS Multimarketome Trust Debt-to-Equity Historical Data

The historical data trend for MFS Multimarketome 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.

* Premium members only.

MFS Multimarketome Trust Debt-to-Equity Chart

MFS Multimarketome Trust Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Debt-to-Equity
Get a 7-Day Free Trial 0.25 0.27 0.27 0.36 0.36

MFS Multimarketome Trust Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.31 0.36 0.33 0.36

Competitive Comparison of MFS Multimarketome Trust's Debt-to-Equity

For the Asset Management subindustry, MFS Multimarketome 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.

MFS Multimarketome Trust's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where MFS Multimarketome Trust's Debt-to-Equity falls into.


MFS Multimarketome Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MFS Multimarketome Trust's Debt to Equity Ratio for the fiscal year that ended in Oct. 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 + 95) / 264.455
=0.36

MFS Multimarketome Trust's Debt to Equity Ratio for the quarter that ended in Oct. 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 + 95) / 264.455
=0.36

* 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.

MFS Multimarketome Trust  (NYSE:MMT) 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.

MFS Multimarketome Trust Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MFS Multimarketome Trust's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

MFS Multimarketome Trust (MFS Multimarketome Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MFS Multimarket Income Trust (NYSE:MMT) » Definitions » Debt-to-Equity
Comparable Companies
JGH BYM SPXX OIA MCR PMM BGH ERC FCT FIF BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
111 Huntington Avenue, Boston, MA, USA, 02199
Website
https://www.mfs.com
MFS Multimarket Income Trust is a diversified closed-end management investment company. Its investment objective is to seek high current income, but may also consider capital appreciation. The fund invests a majority of its net assets in fixed-income securities, corporate bonds of the U.S and foreign issuers, U.S Government securities, foreign government securities, mortgage-backed and other asset-backed securities of U.S and foreign issuers, and debt instruments of issuers located in emerging market countries. The portfolio of investments comprises of different sector investments such as aerospace, airlines, automotive, chemicals, electronics, and others.
Executives
Linda Dougherty other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Neeraj Arora other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
John David Mitchell other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Rosa Licea-mailloux other: CHIEF COMPLIANCE OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Manjit Singh director 111 HUNTINGTON AVENUE, BOSTON MA 02072
Steven E Buller director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Melissa Kennedy other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Jacques Jr Goulet other: ADVISOR TO OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Henry Peabody other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Andy Li other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
James W. Kilman director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Edward M. Maloney officer: Officer of Advisor 111 HUNTINGTON AVENUE, BOSTON MA 02199
Peter Darrell Jones director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Michael Skatrud other: Portfolio Manager MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 01760
Carol W. Geremia officer: PRESIDENT 111 HUNTINGTON AVENUE, BOSTON MA 02199