The European Smaller Trust (LSE:ESCT) Debt-to-Equity : 0.13 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is The European Smaller Trust Debt-to-Equity?

The European Smaller Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. The European Smaller Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £100.71 Mil. The European Smaller Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £757.78 Mil. The European Smaller Trust's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

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

LSE:ESCT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.11 Max: 0.14
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of The European Smaller Trust was 0.14. The lowest was 0.08. And the median was 0.11.

LSE:ESCT's Debt-to-Equity is ranked better than
62.43% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:ESCT: 0.13

The European Smaller Trust Debt-to-Equity Historical Data

The historical data trend for The European Smaller 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.

The European Smaller Trust Debt-to-Equity Chart

The European Smaller Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.11

0.09

0.11

0.13

The European Smaller Trust 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															0.10	0.11	0.10	0.13	0.13

Competitive Comparison of The European Smaller Trust's Debt-to-Equity

For the Asset Management subindustry, The European Smaller 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.

The European Smaller Trust's Debt-to-Equity Distribution in the Asset Management Industry

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

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

The European Smaller Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The European Smaller Trust's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	94.016)	/	738.642
	=	0.13

The European Smaller Trust'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	+	100.712)	/	757.776
	=	0.13

The European Smaller Trust (LSE:ESCT) 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.

The European Smaller Trust Debt-to-Equity Related Terms

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

The European Smaller Trust (LSE:ESCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The European Smaller Companies Trust PLC (LSE:ESCT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ESCTl:UK

Address

201 Bishopsgate, London, GBR, EC2M 3AE

Website

https://www.janushenderson.com

The European Smaller Companies Trust PLC, formerly TR European Growth Trust PLC is a United Kingdom-based investment company. Its investment objective is to achieve capital growth by investing predominantly in smaller and medium sized companies in Europe. According to its investment strategy, it maintains a diversified portfolio of equities and other investments for the long term. Its portfolio includes industrial goods, technology, financials, business providers, basic materials, consumer goods, retail providers and natural resource sectors.

The European Smaller Trust (LSE:ESCT) Headlines

No Headlines