Mayberry Jamaican Equities (XJAM:MJE) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Mayberry Jamaican Equities Debt-to-Equity?

Mayberry Jamaican Equities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was JMD0.0 Mil. Mayberry Jamaican Equities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was JMD1,007.3 Mil. Mayberry Jamaican Equities's Total Stockholders Equity for the quarter that ended in Dec. 2023 was JMD17,425.3 Mil. Mayberry Jamaican Equities's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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 Mayberry Jamaican Equities's Debt-to-Equity or its related term are showing as below:

XJAM:MJE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.17 Max: 0.21
Current: 0.06

During the past 7 years, the highest Debt-to-Equity Ratio of Mayberry Jamaican Equities was 0.21. The lowest was 0.06. And the median was 0.17.

XJAM:MJE's Debt-to-Equity is ranked better than
79.88% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs XJAM:MJE: 0.06

Mayberry Jamaican Equities Debt-to-Equity Historical Data

The historical data trend for Mayberry Jamaican Equities'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.

Mayberry Jamaican Equities Debt-to-Equity Chart

Mayberry Jamaican Equities Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.18

0.21

0.16

0.06

Mayberry Jamaican Equities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.16	0.16	0.18	0.06

Competitive Comparison of Mayberry Jamaican Equities's Debt-to-Equity

For the Asset Management subindustry, Mayberry Jamaican Equities'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.

Mayberry Jamaican Equities's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Mayberry Jamaican Equities Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mayberry Jamaican Equities'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
	=	(0	+	1007.349)	/	17425.337
	=	0.06

Mayberry Jamaican Equities'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	+	1007.349)	/	17425.337
	=	0.06

Mayberry Jamaican Equities (XJAM:MJE) 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.

Mayberry Jamaican Equities Debt-to-Equity Related Terms

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

Mayberry Jamaican Equities (XJAM:MJE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mayberry Jamaican Equities Ltd (XJAM:MJE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bourbon Street, Suite 1, 1st Floor, Bourbon House, Castries, LCA

Website

https://www.mayberryinv.com

Mayberry Jamaican Equities Ltd is an investment holding company with a view to achieve long term capital appreciation, while preserving capital, by investing in public equity services in Jamaica. Its business activities include treasury and trading, investment banking, asset management, pension fund management, and managed equity portfolio. Its investment banking services comprise of Debt Raising, Advisory Services, Mergers, and Acquisitions, Divestitures, and Equity Raising.

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