BlackRock World Mining Trust (LSE:BRWM) Debt-to-Equity : 0.13 (As of Dec. 2023)

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What is BlackRock World Mining Trust Debt-to-Equity?

BlackRock World Mining Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. BlackRock World Mining Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £149.83 Mil. BlackRock World Mining Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £1,160.05 Mil. BlackRock World Mining Trust's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

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 BlackRock World Mining Trust's Debt-to-Equity or its related term are showing as below:

LSE:BRWM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.13 Max: 0.17
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of BlackRock World Mining Trust was 0.17. The lowest was 0.12. And the median was 0.13.

LSE:BRWM's Debt-to-Equity is ranked better than
62.66% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:BRWM: 0.13

BlackRock World Mining Trust Debt-to-Equity Historical Data

The historical data trend for BlackRock World Mining 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.

* Premium members only.

BlackRock World Mining Trust Debt-to-Equity Chart

BlackRock World Mining Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.13

0.12

0.13

BlackRock World Mining Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.16	0.12	0.13	0.13

Competitive Comparison of BlackRock World Mining Trust's Debt-to-Equity

For the Asset Management subindustry, BlackRock World Mining 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.

BlackRock World Mining Trust's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where BlackRock World Mining Trust's Debt-to-Equity falls into.

BlackRock World Mining Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BlackRock World Mining Trust'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	+	149.828)	/	1160.051
	=	0.13

BlackRock World Mining Trust'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	+	149.828)	/	1160.051
	=	0.13

BlackRock World Mining Trust (LSE:BRWM) 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.

BlackRock World Mining Trust Debt-to-Equity Related Terms

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

BlackRock World Mining Trust (LSE:BRWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock World Mining Trust PLC (LSE:BRWM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BRWMl:UK

Address

12 Throgmorton Avenue, London, GBR, EC2N 2DL

Website

https://www.blackrock.com

BlackRock World Mining Trust PLC is a UK-based investment trust company. Its primary investment objective is to maximize total returns to shareholders through a portfolio of mining and metal securities. The company seeks to achieve its objective through investment in a diversified portfolio of mining and metal securities worldwide. It focuses upon investing in quoted securities, royalties derived from the production of metals and minerals, as well as physical metals. The company may restrict its investments to 10% of gross assets in physical metals and 20% in unquoted investments. It may utilize derivative instruments such as options, futures, and contracts for difference to enhance the performance of the group to meet its objectives.

BlackRock World Mining Trust (LSE:BRWM) Headlines

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