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Prospect Capital (STU:RK8) Debt-to-Equity : 0.65 (As of Sep. 2024)


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What is Prospect Capital Debt-to-Equity?

Prospect Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0.00 Mil. Prospect Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €2,048.62 Mil. Prospect Capital's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €3,163.24 Mil. Prospect Capital's debt to equity for the quarter that ended in Sep. 2024 was 0.65.

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

STU:RK8' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53   Med: 0.7   Max: 0.81
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Prospect Capital was 0.81. The lowest was 0.53. And the median was 0.70.

STU:RK8's Debt-to-Equity is ranked worse than
79.36% of 974 companies
in the Asset Management industry
Industry Median: 0.2 vs STU:RK8: 0.65

Prospect Capital Debt-to-Equity Historical Data

The historical data trend for Prospect Capital'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.

Prospect Capital Debt-to-Equity Chart

Prospect Capital Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.57 0.67 0.69 0.66

Prospect Capital Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.66 0.67 0.66 0.66 0.65

Competitive Comparison of Prospect Capital's Debt-to-Equity

For the Asset Management subindustry, Prospect Capital'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.


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

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

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



Prospect Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prospect Capital's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Prospect Capital's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Prospect Capital  (STU:RK8) 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.


Prospect Capital Debt-to-Equity Related Terms

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


Prospect Capital Business Description

Traded in Other Exchanges
Address
10 East 40th Street, 42nd Floor, New York, NY, USA, 10016
Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.

Prospect Capital Headlines

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