Pinnacle Investment Management Group (ASX:PNI) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is Pinnacle Investment Management Group Debt-to-Equity?

Pinnacle Investment Management Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.19 Mil. Pinnacle Investment Management Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$107.96 Mil. Pinnacle Investment Management Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$417.18 Mil. Pinnacle Investment Management Group's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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 Pinnacle Investment Management Group's Debt-to-Equity or its related term are showing as below:

ASX:PNI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.26 Max: 0.42
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Pinnacle Investment Management Group was 0.42. The lowest was 0.06. And the median was 0.26.

ASX:PNI's Debt-to-Equity is ranked worse than
54.88% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs ASX:PNI: 0.26

Pinnacle Investment Management Group Debt-to-Equity Historical Data

The historical data trend for Pinnacle Investment Management 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.

Pinnacle Investment Management Group Debt-to-Equity Chart

Pinnacle Investment Management Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.18

0.42

0.30

0.29

Pinnacle Investment Management Group Semi-Annual Data
	Jun14	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															0.26	0.30	0.30	0.29	0.26

Competitive Comparison of Pinnacle Investment Management Group's Debt-to-Equity

For the Asset Management subindustry, Pinnacle Investment Management 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.

Pinnacle Investment Management Group's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Pinnacle Investment Management Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pinnacle Investment Management 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
	=	(20.494	+	100)	/	422.573
	=	0.29

Pinnacle Investment Management 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
	=	(2.193	+	107.964)	/	417.178
	=	0.26

Pinnacle Investment Management Group (ASX:PNI) 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.

Pinnacle Investment Management Group Debt-to-Equity Related Terms

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Pinnacle Investment Management Group (ASX:PNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pinnacle Investment Management Group Ltd (ASX:PNI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

264 George Street, Level 25, Australia Square Tower, Sydney, NSW, AUS, 2000

Website

http://www.pinnacleinvestment.com

Pinnacle Investment Management Group is an Australia-based multi-affiliate investment management firm. The principal activities of the firm are equity, seed capital and working capital, and providing distribution services, business support, and responsible entity services to a network of boutique asset managers, termed as "affiliates." Apart from deriving revenue from its services, Pinnacle also earns a share of profits from its affiliates via holding equity interests in them. The business is growing rapidly with number of boutiques and FUM growing to 15 and around AUD 90 billion in September 2023, respectively, from seven and AUD 23 billion in December 2016.