Asia Enterprises Holding (SGX:A55) Debt-to-Equity : 0.08 (As of Dec. 2023)

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What is Asia Enterprises Holding Debt-to-Equity?

Asia Enterprises Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.53 Mil. Asia Enterprises Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$7.93 Mil. Asia Enterprises Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$100.50 Mil. Asia Enterprises Holding's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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 Asia Enterprises Holding's Debt-to-Equity or its related term are showing as below:

SGX:A55' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.1 Max: 0.11
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Asia Enterprises Holding was 0.11. The lowest was 0.08. And the median was 0.10.

SGX:A55's Debt-to-Equity is ranked better than
86.21% of 551 companies
in the Steel industry
Industry Median: 0.42 vs SGX:A55: 0.08

Asia Enterprises Holding Debt-to-Equity Historical Data

The historical data trend for Asia Enterprises Holding'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.

Asia Enterprises Holding Debt-to-Equity Chart

Asia Enterprises Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.11

0.10

0.09

0.08

Asia Enterprises Holding 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															0.10	0.10	0.09	0.09	0.08

Competitive Comparison of Asia Enterprises Holding's Debt-to-Equity

For the Steel subindustry, Asia Enterprises Holding'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.

Asia Enterprises Holding's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Asia Enterprises Holding's Debt-to-Equity distribution charts can be found below:

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

Asia Enterprises Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia Enterprises Holding'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
	=	(0.53	+	7.931)	/	100.501
	=	0.08

Asia Enterprises Holding'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
	=	(0.53	+	7.931)	/	100.501
	=	0.08

Asia Enterprises Holding (SGX:A55) 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.

Asia Enterprises Holding Debt-to-Equity Related Terms

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

Asia Enterprises Holding (SGX:A55) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Enterprises Holding Ltd (SGX:A55) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Pioneer Sector Walk, Singapore, SGP, 627897

Website

http://www.asiaenterprises.com.sg

Asia Enterprises Holding Ltd is an investment holding firm. It's in the distribution of steel products to marine and Offshore Industries. The company operates through three segments namely, Steel distribution comprises of procuring, distributing, and trading of steel products; the Provision of steel processing segment is involved in the processing of steel materials for sale and the corporate segment is engaged in investment and management activities. Most of its revenue is earned from the Steel distribution segment. Geographically, it derives majority revenue from the Singapore market, while it also has a presence in Indonesia, Malaysia, and other countries.

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