Aquis Entertainment (ASX:AQS) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Aquis Entertainment Debt-to-Equity?

Aquis Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Aquis Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Aquis Entertainment's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$33.94 Mil. Aquis Entertainment's debt to equity for the quarter that ended in Jun. 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 Aquis Entertainment's Debt-to-Equity or its related term are showing as below:

ASX:AQS' s Debt-to-Equity Range Over the Past 10 Years
Min: -1882.07 Med: -1.73 Max: 13.88
Current: 0.83

During the past 11 years, the highest Debt-to-Equity Ratio of Aquis Entertainment was 13.88. The lowest was -1882.07. And the median was -1.73.

ASX:AQS's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs ASX:AQS: 0.83

Aquis Entertainment Debt-to-Equity Historical Data

The historical data trend for Aquis Entertainment'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.

Aquis Entertainment Debt-to-Equity Chart

Aquis Entertainment Annual Data

Trend

Jun13

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-1.90

-1.65

-1.73

-1.72

-2.20

Aquis Entertainment Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-1.67	-1.72	-1.76	-2.20	-

Competitive Comparison of Aquis Entertainment's Debt-to-Equity

For the Resorts & Casinos subindustry, Aquis Entertainment'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.

Aquis Entertainment's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Aquis Entertainment's Debt-to-Equity distribution charts can be found below:

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

Aquis Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aquis Entertainment's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(28.191	+	0)	/	-12.84
	=	-2.20

Aquis Entertainment's Debt to Equity Ratio for the quarter that ended in Jun. 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)	/	33.943
	=	0.00

Aquis Entertainment (ASX:AQS) 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.

Aquis Entertainment Debt-to-Equity Related Terms

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Aquis Entertainment (ASX:AQS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Aquis Entertainment Ltd (ASX:AQS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Binara Street, Canberra, ACT, AUS, 2601

Website

https://www.aquisentertainment.com

Aquis Entertainment Ltd specializes in the development and operation of integrated resort projects that concentrate a wide range of tourism-oriented attractions into single, large-scale facilities. The company's only segment includes the gaming and entertainment industry in Australia. It owns Casino Canberra.

Aquis Entertainment (ASX:AQS) Headlines

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