MITIE Group (LSE:MTO) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is MITIE Group Debt-to-Equity?

MITIE Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0 Mil. MITIE Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0 Mil. MITIE Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £412 Mil. MITIE Group's debt to equity for the quarter that ended in Sep. 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 MITIE Group's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of MITIE Group was 1341.50. The lowest was -21.41. And the median was 0.94.

LSE:MTO's Debt-to-Equity is not ranked ^*
in the Business Services industry.
Industry Median: 0.375
* Ranked among companies with meaningful Debt-to-Equity only.

MITIE Group Debt-to-Equity Historical Data

The historical data trend for MITIE Group'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.

MITIE Group Debt-to-Equity Chart

MITIE Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-21.41

3.98

MITIE Group 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															-	-	-	-	-

Competitive Comparison of MITIE Group's Debt-to-Equity

For the Specialty Business Services subindustry, MITIE Group'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.

MITIE Group's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MITIE Group's Debt-to-Equity distribution charts can be found below:

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

MITIE Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MITIE Group'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)	/	421.7
	=	0.00

MITIE Group'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	+	0)	/	411.6
	=	0.00

MITIE Group (LSE:MTO) 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.

MITIE Group Debt-to-Equity Related Terms

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MITIE Group (LSE:MTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MITIE Group PLC (LSE:MTO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MITFY:USA MITFF:USA MTOl:UK MZ4:Germany

Address

32 London Bridge Street, The Shard, Level 12, Southwark, London, GBR, SE1 9SG

Website

https://www.mitie.com

MITIE Group PLC is a U.K.-based company. The company has five reportable segments: Technical services, Business services, care, and custody, Landscapes, Waste, Communities, Specialist Services, and Spain. Through these segments, the company provides facilities management, consultancy, and security services. The company generates the majority of its revenue from the technical services and business services segments. Geographically, the company generates a majority of its revenue from the United Kingdom.

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