Develop North (LSE:DVNO) Debt-to-Equity : 0.00 (As of Nov. 2023)

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What is Develop North Debt-to-Equity?

Develop North's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was £0.00 Mil. Develop North's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was £0.00 Mil. Develop North's Total Stockholders Equity for the quarter that ended in Nov. 2023 was £20.70 Mil. Develop North's debt to equity for the quarter that ended in Nov. 2023 was 0.00.

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

LSE:DVNO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.14 Max: 0.18
Current: 0.14

During the past 8 years, the highest Debt-to-Equity Ratio of Develop North was 0.18. The lowest was 0.05. And the median was 0.14.

LSE:DVNO's Debt-to-Equity is ranked better than
59.76% of 1009 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:DVNO: 0.14

Develop North Debt-to-Equity Historical Data

The historical data trend for Develop North'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.

Develop North Debt-to-Equity Chart

Develop North Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.17

0.05

0.18

Develop North Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial									-	0.12	0.18	0.14	-

Competitive Comparison of Develop North's Debt-to-Equity

For the Asset Management subindustry, Develop North'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.

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

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

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

Develop North Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Develop North's Debt to Equity Ratio for the fiscal year that ended in Nov. 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)	/	20.704
	=	0.00

Develop North's Debt to Equity Ratio for the quarter that ended in Nov. 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)	/	20.704
	=	0.00

Develop North (LSE:DVNO) 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.

Develop North Debt-to-Equity Related Terms

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

Develop North (LSE:DVNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Develop North PLC (LSE:DVNO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rodney Way, Hamilton Centre, Chelmsford, Essex, GBR, CM1 3BY

Website

https://www.developnorth.co.uk

Develop North PLC is a closed-end investment company. The investment objective of the company is to provide shareholders with a consistent and stable income and potential for an attractive total return over the medium to long term while managing downside risk through a diversified portfolio of fixed loans predominantly secured over land and property in the UK, and receiving the benefit of an associated profit share arrangement usually obtained by acquiring a minority stake in the relevant borrower project development vehicle.

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