Merit Group (LSE:MRIT) Debt-to-Equity : 0.18 (As of Sep. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Merit Group Debt-to-Equity?

Merit Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £3.51 Mil. Merit Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £2.20 Mil. Merit Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £32.11 Mil. Merit Group's debt to equity for the quarter that ended in Sep. 2023 was 0.18.

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

LSE:MRIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.34 Max: 0.41
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Merit Group was 0.41. The lowest was 0.18. And the median was 0.34.

LSE:MRIT's Debt-to-Equity is ranked better than
53.42% of 2224 companies
in the Software industry
Industry Median: 0.21 vs LSE:MRIT: 0.18

Merit Group Debt-to-Equity Historical Data

The historical data trend for Merit Group'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.

Merit Group Debt-to-Equity Chart

Merit Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.34

0.37

0.32

0.21

Merit Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.37	0.32	0.32	0.21	0.18

Competitive Comparison of Merit Group's Debt-to-Equity

For the Information Technology Services subindustry, Merit Group'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.

Merit Group's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Merit Group's Debt-to-Equity distribution charts can be found below:

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

Merit Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Merit Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(4.051	+	2.544)	/	31.754
	=	0.21

Merit Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3.507	+	2.204)	/	32.109
	=	0.18

Merit Group (LSE:MRIT) 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.

Merit Group Debt-to-Equity Related Terms

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

Merit Group (LSE:MRIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Merit Group PLC (LSE:MRIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 London Bridge Street, 9th Floor, The Shard, London, GBR, SE1 9SG

Website

https://www.meritgroupplc.com

Merit Group PLC provides data, business, and political intelligence. The group operates through two operating segments namely, Dods and Merit Data and Technology. Dods business segment concentrates on the provision of key information and insights into the political and public policy environments around the UK and the European Union. The Merit Data and Technology segment focuses on the fields of data engineering, machine learning, and artificial intelligence. The company generates the majority of its revenue from Merit Data & Technology segment.

Merit Group (LSE:MRIT) Headlines

No Headlines