Uniteds (TSX:UNC) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Uniteds Debt-to-Equity?

Uniteds's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.0 Mil. Uniteds's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$40.0 Mil. Uniteds's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2,039.1 Mil. Uniteds's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

TSX:UNC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.03
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Uniteds was 0.03. The lowest was 0.02. And the median was 0.03.

TSX:UNC's Debt-to-Equity is ranked better than
93.72% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs TSX:UNC: 0.02

Uniteds Debt-to-Equity Historical Data

The historical data trend for Uniteds'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.

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Uniteds Debt-to-Equity Chart

Uniteds Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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Uniteds 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															0.03	-	-	-	0.02

Competitive Comparison of Uniteds's Debt-to-Equity

For the Asset Management subindustry, Uniteds'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.

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

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

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

Uniteds Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Uniteds'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
	=	(0	+	0)	/	1911.779
	=	0.00

Uniteds'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	+	40)	/	2039.054
	=	0.02

Uniteds (TSX:UNC) 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.

Uniteds Debt-to-Equity Related Terms

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Uniteds (TSX:UNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » United Corporations Ltd (TSX:UNC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8

Website

https://www.ucorp.ca

United Corporations Ltd is a closed-end investment company. Its investment objective is to earn an above average rate of return through long-term capital appreciation and dividend income. The investment portfolio of the company comprises mainly foreign equities. It seeks long-term growth through investments in common equities cause management believes that in the long-term common equities will outperform fixed income instruments or balanced funds. The company invests primarily in United States, Europe, Asia, Canada, Australia, and Mexico.

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