Ashley Services Group (ASX:ASH) Debt-to-Equity : 0.64 (As of Dec. 2023)

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What is Ashley Services Group Debt-to-Equity?

Ashley Services Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$13.7 Mil. Ashley Services Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.0 Mil. Ashley Services Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$31.1 Mil. Ashley Services Group's debt to equity for the quarter that ended in Dec. 2023 was 0.64.

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 Ashley Services Group's Debt-to-Equity or its related term are showing as below:

ASX:ASH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.24 Max: 0.64
Current: 0.64

During the past 9 years, the highest Debt-to-Equity Ratio of Ashley Services Group was 0.64. The lowest was 0.00. And the median was 0.24.

ASX:ASH's Debt-to-Equity is ranked worse than
62.93% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs ASX:ASH: 0.64

Ashley Services Group Debt-to-Equity Historical Data

The historical data trend for Ashley Services 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.

Ashley Services Group Debt-to-Equity Chart

Ashley Services Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.09

0.12

0.28

0.35

Ashley Services Group Semi-Annual Data
	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														0.23	0.28	0.45	0.35	0.64

Competitive Comparison of Ashley Services Group's Debt-to-Equity

For the Staffing & Employment Services subindustry, Ashley Services 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.

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

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

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

Ashley Services Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ashley Services Group's Debt to Equity Ratio for the fiscal year 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
	=	(9.377	+	2.362)	/	33.84
	=	0.35

Ashley Services Group'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
	=	(13.746	+	5.993)	/	31.077
	=	0.64

Ashley Services Group (ASX:ASH) 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.

Ashley Services Group Debt-to-Equity Related Terms

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

Ashley Services Group (ASX:ASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashley Services Group Ltd (ASX:ASH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

92 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.ashleyservicesgroup.com.au

Ashley Services Group Ltd is engaged in staffing services. The group operates in two operating segments namely Labour hire and Training. The group derives maximum revenue from providing labour-hire services. In labour-hire division, the company has candidates who are able to start work within one hour of the request and run a year-round national operation with dedicated after-hours in-house consultants. Its labour-hire brands to include Action Workforce and Concept Engineering. The organization operates in Australia.