City of London Investment Trust (The) (NZSE:TCL) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is City of London Investment Trust (The) Debt-to-Equity?

City of London Investment Trust (The)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$0.0 Mil. City of London Investment Trust (The)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$0.0 Mil. City of London Investment Trust (The)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was NZ$4,107.0 Mil. City of London Investment Trust (The)'s debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 City of London Investment Trust (The)'s Debt-to-Equity or its related term are showing as below:

NZSE:TCL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.07 Max: 0.1
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of City of London Investment Trust (The) was 0.10. The lowest was 0.06. And the median was 0.07.

NZSE:TCL's Debt-to-Equity is ranked better than
81.24% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs NZSE:TCL: 0.06

City of London Investment Trust (The) Debt-to-Equity Historical Data

The historical data trend for City of London Investment Trust (The)'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.

City of London Investment Trust (The) Debt-to-Equity Chart

City of London Investment Trust (The) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.08

0.10

0.07

0.06

City of London Investment Trust (The) 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															-	0.07	-	0.06	-

Competitive Comparison of City of London Investment Trust (The)'s Debt-to-Equity

For the Asset Management subindustry, City of London Investment Trust (The)'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.

City of London Investment Trust (The)'s Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, City of London Investment Trust (The)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where City of London Investment Trust (The)'s Debt-to-Equity falls into.

City of London Investment Trust (The) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

City of London Investment Trust (The)'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	+	253.702)	/	3943.061
	=	0.06

City of London Investment Trust (The)'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	+	0)	/	4106.973
	=	0.00

City of London Investment Trust (The) (NZSE:TCL) 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.

City of London Investment Trust (The) Debt-to-Equity Related Terms

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City of London Investment Trust (The) (NZSE:TCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » City of London Investment Trust (The) PLC (NZSE:TCL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTY:UK

Address

201 Bishopsgate, London, GBR, EC2M 3AE

Website

http://www.cityinvestmenttrust.com

City of London Investment Trust (The) PLC is an investment trust which aims to provide long-term growth in income and capital through investments in equities listed on the London Stock Exchange. While the company mainly invests in equities, there is the flexibility to invest in debt securities, such as convertibles, corporate bonds, or government debt. It generates most of its revenue from investing in the UK market.

City of London Investment Trust (The) (NZSE:TCL) Headlines

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