Max Trust (ASX:MXQ) Debt-to-Equity : 0.39 (As of Jun. 2013)

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What is Max Trust Debt-to-Equity?

Max Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was A$28.99 Mil. Max Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was A$0.00 Mil. Max Trust's Total Stockholders Equity for the quarter that ended in Jun. 2013 was A$73.57 Mil. Max Trust's debt to equity for the quarter that ended in Jun. 2013 was 0.39.

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

ASX:MXQ's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Max Trust Debt-to-Equity Historical Data

The historical data trend for Max Trust'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.

Max Trust Debt-to-Equity Chart

Max Trust Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Debt-to-Equity

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36.37

8.40

2.91

1.79

0.39

Max Trust Semi-Annual Data
	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Debt-to-Equity	Get a 7-Day Free Trial			36.37	8.40	2.91	1.79	0.39

Competitive Comparison of Max Trust's Debt-to-Equity

For the Asset Management subindustry, Max Trust'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.

Max Trust's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Max Trust's Debt-to-Equity distribution charts can be found below:

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

Max Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Max Trust's Debt to Equity Ratio for the fiscal year that ended in Jun. 2013 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
	=	(28.989	+	0)	/	73.568
	=	0.39

Max Trust's Debt to Equity Ratio for the quarter that ended in Jun. 2013 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
	=	(28.989	+	0)	/	73.568
	=	0.39

Max Trust (ASX:MXQ) 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.

Max Trust Debt-to-Equity Related Terms

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Max Trust (ASX:MXQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Max Trust (ASX:MXQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.thetrustcompany.com.au

Allco Max Securities & Mortgage Trust (AXQ) ('MaxÂ´) is a lending vehicle which writes loans into structured finance transactions predominantly originated by Allco, and purchases investment grade debt on wholesale markets. AXQ's Investment Manager is Allco Funds Management Limited.

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