Fidelity China Special Situations (LSE:FCSS) Debt-to-Equity : 0.07 (As of Sep. 2023)

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What is Fidelity China Special Situations Debt-to-Equity?

Fidelity China Special Situations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Fidelity China Special Situations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £81.87 Mil. Fidelity China Special Situations's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £1,134.48 Mil. Fidelity China Special Situations's debt to equity for the quarter that ended in Sep. 2023 was 0.07.

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 Fidelity China Special Situations's Debt-to-Equity or its related term are showing as below:

LSE:FCSS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.08 Max: 0.14
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Fidelity China Special Situations was 0.14. The lowest was 0.03. And the median was 0.08.

LSE:FCSS's Debt-to-Equity is ranked better than
77.74% of 1011 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:FCSS: 0.07

Fidelity China Special Situations Debt-to-Equity Historical Data

The historical data trend for Fidelity China Special Situations'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.

Fidelity China Special Situations Debt-to-Equity Chart

Fidelity China Special Situations Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.08

0.06

0.03

0.05

0.06

Fidelity China Special Situations Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.05	0.07	0.06	0.07

Competitive Comparison of Fidelity China Special Situations's Debt-to-Equity

For the Asset Management subindustry, Fidelity China Special Situations'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.

Fidelity China Special Situations's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Fidelity China Special Situations's Debt-to-Equity falls into.

Fidelity China Special Situations Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fidelity China Special Situations'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	+	80.857)	/	1338.421
	=	0.06

Fidelity China Special Situations's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	81.87)	/	1134.476
	=	0.07

Fidelity China Special Situations (LSE:FCSS) 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.

Fidelity China Special Situations Debt-to-Equity Related Terms

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

Fidelity China Special Situations (LSE:FCSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fidelity China Special Situations PLC (LSE:FCSS) » Definitions » Debt-to-Equity

Comparable Companies

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FCSSl:UK

Address

Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, GBR, KT20 6RP

Website

https://www.fidelity.co.uk

Fidelity China Special Situations PLC is an investment company. Its investment objective is to achieve long-term capital growth from an actively managed portfolio. The company focuses on investing in securities issued by companies listed in China or Hong Kong and any other Chinese companies listed elsewhere as well as the companies which have interests in China and Hong Kong. Its portfolio consists of various financial instruments such as equities, index-linked, equity-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, equity-related securities, forward transactions, and derivative instruments. The company may use gearing such as Contracts for Difference to meet its determined investment goals.

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