Morgan Advanced Materials (LSE:BA29.PFD) Debt-to-Equity : 0.99 (As of Dec. 2023)

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What is Morgan Advanced Materials Debt-to-Equity?

Morgan Advanced Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £11.10 Mil. Morgan Advanced Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £345.30 Mil. Morgan Advanced Materials's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £360.30 Mil. Morgan Advanced Materials's debt to equity for the quarter that ended in Dec. 2023 was 0.99.

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 Morgan Advanced Materials's Debt-to-Equity or its related term are showing as below:

LSE:BA29.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 1.34 Max: 3.02
Current: 0.99

During the past 13 years, the highest Debt-to-Equity Ratio of Morgan Advanced Materials was 3.02. The lowest was 0.72. And the median was 1.34.

LSE:BA29.PFD's Debt-to-Equity is ranked worse than
86.43% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs LSE:BA29.PFD: 0.99

Morgan Advanced Materials Debt-to-Equity Historical Data

The historical data trend for Morgan Advanced Materials'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.

Morgan Advanced Materials Debt-to-Equity Chart

Morgan Advanced Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.31

1.50

0.72

0.82

0.99

Morgan Advanced Materials 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															0.72	0.66	0.82	1.11	0.99

Competitive Comparison of Morgan Advanced Materials's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Morgan Advanced Materials'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.

Morgan Advanced Materials's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Morgan Advanced Materials's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Morgan Advanced Materials's Debt-to-Equity falls into.

Morgan Advanced Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Morgan Advanced Materials'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
	=	(11.1	+	345.3)	/	360.3
	=	0.99

Morgan Advanced Materials'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
	=	(11.1	+	345.3)	/	360.3
	=	0.99

Morgan Advanced Materials (LSE:BA29.PFD) 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.

Morgan Advanced Materials Debt-to-Equity Related Terms

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Morgan Advanced Materials (LSE:BA29.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morgan Advanced Materials PLC (LSE:BA29.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MCRUF:USA MGAMl:UK MGAM:UK MGJ:Germany

Address

Sheet Street, York House, Windsor, GBR, SL4 1DD

Website

https://www.morganadvancedmaterials.com

Morgan Advanced Materials PLC is a U.K.-based company that manufactures a wide array of specialized and high-specification materials. The company's product line includes high-temperature insulation products used to reduce energy consumption, electrical carbon, linear and rotary transfer systems used for transferring electrical energy in motor and generator applications, seals and bearings, ceramic cores, piezoelectric sensors and transducers, crucibles, and others. The company's customers come from sectors including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial applications. Morgan Advanced Materials has a global presence, with the United States being the largest markets for the company.

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