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Ninety One (JSE:N91) Debt-to-Equity : 0.30 (As of Sep. 2023)


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What is Ninety One Debt-to-Equity?

Ninety One's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R230 Mil. Ninety One's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R2,105 Mil. Ninety One's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R7,924 Mil. Ninety One's debt to equity for the quarter that ended in Sep. 2023 was 0.29.

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

JSE:N91' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29   Med: 0.39   Max: 0.67
Current: 0.3

During the past 7 years, the highest Debt-to-Equity Ratio of Ninety One was 0.67. The lowest was 0.29. And the median was 0.39.

JSE:N91's Debt-to-Equity is ranked worse than
58.37% of 1016 companies
in the Asset Management industry
Industry Median: 0.19 vs JSE:N91: 0.30

Ninety One Debt-to-Equity Historical Data

The historical data trend for Ninety One'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.

Ninety One Debt-to-Equity Chart

Ninety One Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial - 0.67 0.44 0.32 0.29

Ninety One Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.32 0.32 0.29 0.30

Competitive Comparison of Ninety One's Debt-to-Equity

For the Asset Management subindustry, Ninety One'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.


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

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

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



Ninety One Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ninety One's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Ninety One's Debt to Equity Ratio for the quarter that ended in Sep. 2023 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.


Ninety One  (JSE:N91) 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.


Ninety One Debt-to-Equity Related Terms

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


Ninety One (JSE:N91) Business Description

Traded in Other Exchanges
Address
55 Gresham Street, London, GBR, EC2V 7EL
Ninety One PLC is engaged in the business of investment management. The company deals in four core asset classes - Equities, Fixed income, Multi-Asset and Alternative Strategies. It provides portfolio management, investment advisory, and other financial services.

Ninety One (JSE:N91) Headlines

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