JTC (LSE:JTC) Debt-to-Equity : 0.53 (As of Dec. 2023)

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What is JTC Debt-to-Equity?

JTC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £6.1 Mil. JTC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £258.5 Mil. JTC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £503.9 Mil. JTC's debt to equity for the quarter that ended in Dec. 2023 was 0.53.

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

LSE:JTC' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.61 Med: 0.57 Max: 39.53
Current: 0.53

During the past 9 years, the highest Debt-to-Equity Ratio of JTC was 39.53. The lowest was -5.61. And the median was 0.57.

LSE:JTC's Debt-to-Equity is ranked worse than
75.05% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:JTC: 0.53

JTC Debt-to-Equity Historical Data

The historical data trend for JTC'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.

JTC Debt-to-Equity Chart

JTC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.92

0.95

0.57

0.50

0.53

JTC Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.57	0.50	0.50	0.32	0.53

Competitive Comparison of JTC's Debt-to-Equity

For the Asset Management subindustry, JTC'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.

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

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

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

JTC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JTC'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
	=	(6.117	+	258.455)	/	503.876
	=	0.53

JTC'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
	=	(6.117	+	258.455)	/	503.876
	=	0.53

JTC (LSE:JTC) 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.

JTC Debt-to-Equity Related Terms

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

JTC (LSE:JTC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

JTCPF:USA JTCl:UK

Address

JTC House, 28 Esplanade, P.O. Box 1075, Channel Islands, Saint Helier, JEY, JE2 3QA

Website

https://www.jtcgroup.com

JTC PLC is a Jersey-based company engages in the provision of a fund, corporate, and private client services. The company segments include Institutional Client Services (ICS) and Private Client Services (PCS). It generates maximum revenue from the ICS segment. The company provides company secretarial and administration services to a range of corporate clients comprising small and medium-sized enterprises, public companies, multinationals, sovereign wealth funds, family offices, and private clients. It also offers real estate, private equity, hedge, renewables, debt and other alternatives, sovereign wealth funds.

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