LawFinance (ASX:LAW) Debt-to-Equity : -1.38 (As of Jun. 2023)

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What is LawFinance Debt-to-Equity?

LawFinance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$79.50 Mil. LawFinance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.36 Mil. LawFinance's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$-57.83 Mil. LawFinance's debt to equity for the quarter that ended in Jun. 2023 was -1.38.

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

ASX:LAW' s Debt-to-Equity Range Over the Past 10 Years
Min: -18.35 Med: 1.39 Max: 14.26
Current: -1.38

During the past 13 years, the highest Debt-to-Equity Ratio of LawFinance was 14.26. The lowest was -18.35. And the median was 1.39.

ASX:LAW's Debt-to-Equity is not ranked
in the Credit Services industry.
Industry Median: 1.13 vs ASX:LAW: -1.38

LawFinance Debt-to-Equity Historical Data

The historical data trend for LawFinance'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.

LawFinance Debt-to-Equity Chart

LawFinance Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

7.70

7.23

-2.45

-5.63

-1.53

LawFinance 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															-18.35	-5.63	-6.23	-1.53	-1.38

Competitive Comparison of LawFinance's Debt-to-Equity

For the Credit Services subindustry, LawFinance'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.

LawFinance's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, LawFinance's Debt-to-Equity distribution charts can be found below:

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

LawFinance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LawFinance'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
	=	(78.976	+	0.393)	/	-51.777
	=	-1.53

LawFinance'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
	=	(79.503	+	0.359)	/	-57.83
	=	-1.38

LawFinance (ASX:LAW) 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.

LawFinance Debt-to-Equity Related Terms

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

LawFinance (ASX:LAW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LawFinance Ltd (ASX:LAW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

49-51 Queens Road, Suite 335, Five Dock, NSW, AUS, 2046

Website

https://www.justkapital.com.au

LawFinance Ltd is engaged in the disbursement funding and short-term funding business in Australia and the United States. It operates through three segments, JustKapital Finance; National Health Finance and Litigation Funding. The company offers appeal, estate, portfolio, and settlement finance services; and provides investigation and management services, and finance to claimants to progress their claim. It also offers disbursement funding solutions for law firms; insurance broking for the placement of after the event insurance; and revolving lines of credit and custom-designed financing solutions.