MINTome Fund (TSX:MID.UN) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is MINTome Fund Debt-to-Equity?

MINTome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. MINTome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$20.43 Mil. MINTome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$72.10 Mil. MINTome Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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 MINTome Fund's Debt-to-Equity or its related term are showing as below:

TSX:MID.UN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.22 Max: 0.48
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of MINTome Fund was 0.48. The lowest was 0.06. And the median was 0.22.

TSX:MID.UN's Debt-to-Equity is ranked worse than
56.83% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs TSX:MID.UN: 0.28

MINTome Fund Debt-to-Equity Historical Data

The historical data trend for MINTome 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.

MINTome Fund Debt-to-Equity Chart

MINTome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.25

0.11

0.06

0.28

MINTome Fund Semi-Annual Data
	Jun14	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															0.11	0.10	0.06	0.24	0.28

Competitive Comparison of MINTome Fund's Debt-to-Equity

For the Asset Management subindustry, MINTome 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.

MINTome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where MINTome Fund's Debt-to-Equity falls into.

MINTome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MINTome Fund'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	+	20.427)	/	72.1
	=	0.28

MINTome 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
	=	(0	+	20.427)	/	72.1
	=	0.28

MINTome Fund (TSX:MID.UN) 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.

MINTome Fund Debt-to-Equity Related Terms

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

MINTome Fund (TSX:MID.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MINT Income Fund (TSX:MID.UN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Canadian Place, 58th Floor, P.O. Box 192, Toronto, ON, CAN, M5X 1A6

Website

https://www.middlefield.com

MINT Income Fund is a closed-end investment trust. The fund's investment objectives are to produce a high level of sustainable income and to minimize the risk of investing in high-income securities on a cost-effective basis. Primarily, it invests in a diversified portfolio of securities consisting of the equity of issuers operating in various industries and geographic regions. Additionally, the fund invests in various sectors, including real estate, financials, pipelines, industrials, healthcare, energy, consumer discretionary, preferred shares, corporate debt, consumer staples, technology, utilities, and metals and mining.

MINTome Fund (TSX:MID.UN) Headlines

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