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Royce Micro-Cap TrustRMT +2.45%52 Debt-to-Equity is 0.03 as of Dec. 2025, which is 25% below its 10-year median of 0.04. GuruFocus rates RMT with a GF Score™ of 52/100 and a GF Value™ of $10.44 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 960 Asset Management companies, Royce Micro-Cap Trust ranks better than 87.92% on this metric.
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 Royce Micro-Cap Trust's Debt-to-Equity or its related term are showing as below:
RMT'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.11
Current: 0.03
During the past 9 years, the highest Debt-to-Equity Ratio of Royce Micro-Cap Trust was 0.11. The lowest was 0.00. And the median was 0.04.
RMT's Debt-to-Equity is ranked better than 87.92% of 960
companies
in the Asset Management industry
Industry Median: 0.21
vs RMT: 0.03
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.
Royce Micro-Cap Trust Debt-to-Equity Related Terms
Royce Micro-Cap Trust Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Royce Micro-Cap 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.
For the Asset Management subindustry, Royce Micro-Cap 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.
Royce Micro-Cap Trust Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royce Micro-Cap Trust's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Royce Micro-Cap Trust's Debt-to-Equity falls into.
* 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.
Royce Micro-Cap Trust (RMT) has a Debt-to-Equity of 0.03 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Royce Micro-Cap Trust and its competitors. This is 25% below median its historical median of 0.04. According to the industry distribution chart, Royce Micro-Cap Trust ranks #116 out of 960 companies in the Asset Management industry, placing it in the top 12.1%.
Is Royce Micro-Cap Trust's Debt-to-Equity too high?
Royce Micro-Cap Trust's current Debt-to-Equity of 0.03 is 25% below median its 10-year median of 0.04. The Asset Management industry median Debt-to-Equity is 0.21. Royce Micro-Cap Trust's value of 0.03 is 85.7% below this industry median. Based on the distribution chart, Royce Micro-Cap Trust ranks #116 out of 960 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Royce Micro-Cap Trust has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royce Micro-Cap Trust's Debt-to-Equity compare to GCMG and FDUS?
According to the Asset Management industry distribution chart, Royce Micro-Cap Trust ranks #116 out of 960 companies for Debt-to-Equity. This places Royce Micro-Cap Trust in the top 12% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.21. Royce Micro-Cap Trust's value of 0.03 is 85.7% below this benchmark. While the company's 10-year median is 0.04 vs. the industry median of 0.21, Royce Micro-Cap Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 960 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royce Micro-Cap Trust's current Debt-to-Equity of 0.03 is 85.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Royce Micro-Cap Trust and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royce Micro-Cap Trust's current Debt-to-Equity is 0.03, which is 25% below median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royce Micro-Cap Trust stock overvalued right now?
Based on GuruFocus' analysis, Royce Micro-Cap Trust (RMT) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.44, compared to a current price of $14.21 — trading 36.1% above its estimated fair value. The current Debt-to-Equity is 0.03, which is 25% below median its 10-year median of 0.04 and 85.7% below the Asset Management industry median of 0.21. Royce Micro-Cap Trust's overall GF Score™ is 52/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Royce Micro-Cap Trust (RMT), the current Debt-to-Equity is 0.03 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Royce Micro-Cap Trust (RMT) Overvalued in 2026?
Based on GuruFocus' analysis, Royce Micro-Cap Trust stock appears to be overvalued.
The current stock price of $14.21 is trading 36.1% above its estimated GF Value™ of $10.44.
GuruFocus considers Royce Micro-Cap Trust to be Significantly Overvalued.
Key valuation signals for RMT:
Debt-to-Equity: 0.03 (25% below median its 10-year median of 0.04)
GF Value™: $10.44 vs. price of $14.21 (36.1% above fair value)
Industry Position: 85.7% below the Asset Management median (#116 of 960)
No single metric tells the full story. See the RMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royce Micro-Cap Trust Inc is a diversified closed-end investment company. The company is engaged in investing in micro-cap securities. It invests in the consumer discretionary sector, including diversified consumer services, hotels, household durables, leisure products, and luxury goods. Consumer staples sector, including beverages, food, and staples retailing, food products, and personal products, Energy sector, including energy equipment and services, and oil, gas, and consumable fuels. The company also invests in other sectors, including healthcare, financials, industrials, IT, telecommunications, and materials.
52GF Score
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