Al Ansari Financial Services (DFM:ALANSARI) Debt-to-Equity : 0.20 (As of Mar. 2024)

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What is Al Ansari Financial Services Debt-to-Equity?

Al Ansari Financial Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ279 Mil. Al Ansari Financial Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ42 Mil. Al Ansari Financial Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was د.إ1,600 Mil. Al Ansari Financial Services's debt to equity for the quarter that ended in Mar. 2024 was 0.20.

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 Al Ansari Financial Services's Debt-to-Equity or its related term are showing as below:

DFM:ALANSARI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 0.31
Current: 0.2

During the past 5 years, the highest Debt-to-Equity Ratio of Al Ansari Financial Services was 0.31. The lowest was 0.02. And the median was 0.13.

DFM:ALANSARI's Debt-to-Equity is ranked better than
60.86% of 608 companies
in the Capital Markets industry
Industry Median: 0.375 vs DFM:ALANSARI: 0.20

Al Ansari Financial Services Debt-to-Equity Historical Data

The historical data trend for Al Ansari Financial Services'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.

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Al Ansari Financial Services Debt-to-Equity Chart

Al Ansari Financial Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.04

0.03

0.02

0.26

0.24

Al Ansari Financial Services Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial						N/A	0.31	0.06	0.24	0.20

Competitive Comparison of Al Ansari Financial Services's Debt-to-Equity

For the Capital Markets subindustry, Al Ansari Financial Services'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.

Al Ansari Financial Services's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Al Ansari Financial Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Al Ansari Financial Services's Debt-to-Equity falls into.

Al Ansari Financial Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Al Ansari Financial Services's Debt to Equity Ratio for the fiscal year 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
	=	(383.522	+	44.55)	/	1801.419
	=	0.24

Al Ansari Financial Services's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(279.295	+	41.938)	/	1600.163
	=	0.20

Al Ansari Financial Services (DFM:ALANSARI) 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.

Al Ansari Financial Services Debt-to-Equity Related Terms

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Al Ansari Financial Services (DFM:ALANSARI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Al Ansari Financial Services (DFM:ALANSARI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Barsha 1, P.O Box 6176, Office No. 804, Al Ansari Business Center, Dubai, ARE

Website

https://www.aafs.ae

Al Ansari Financial Services is engaged in the business of buying and selling foreign currencies and traveller's cheques, cheques, executing remittance operations in local and foreign currencies, payment of wages through establishing a link to the operating system of wages protection, special products such as bill payments, cash collections, sale and reload of multi-currency prepaid cards) and transportation of cash and valuables.

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