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Australian Bond Exchange Holdings (ASX:ABE) Debt-to-Equity : 0.37 (As of Dec. 2023)


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What is Australian Bond Exchange Holdings Debt-to-Equity?

Australian Bond Exchange Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.38 Mil. Australian Bond Exchange Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.51 Mil. Australian Bond Exchange Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$5.13 Mil. Australian Bond Exchange Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.37.

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 Australian Bond Exchange Holdings's Debt-to-Equity or its related term are showing as below:

ASX:ABE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19   Med: 0.25   Max: 0.37
Current: 0.37

During the past 3 years, the highest Debt-to-Equity Ratio of Australian Bond Exchange Holdings was 0.37. The lowest was 0.19. And the median was 0.25.

ASX:ABE's Debt-to-Equity is ranked better than
50.49% of 608 companies
in the Capital Markets industry
Industry Median: 0.38 vs ASX:ABE: 0.37

Australian Bond Exchange Holdings Debt-to-Equity Historical Data

The historical data trend for Australian Bond Exchange Holdings'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.

Australian Bond Exchange Holdings Debt-to-Equity Chart

Australian Bond Exchange Holdings Annual Data
Trend Jun21 Jun22 Jun23
Debt-to-Equity
- - 0.25

Australian Bond Exchange Holdings Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity - - 0.19 0.25 0.37

Competitive Comparison of Australian Bond Exchange Holdings's Debt-to-Equity

For the Capital Markets subindustry, Australian Bond Exchange Holdings'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.

Australian Bond Exchange Holdings's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Australian Bond Exchange Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Australian Bond Exchange Holdings's Debt-to-Equity falls into.


Australian Bond Exchange Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Australian Bond Exchange Holdings'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
=(0.346 + 1.723) / 8.323
=0.25

Australian Bond Exchange Holdings'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
=(0.384 + 1.511) / 5.125
=0.37

* 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.

Australian Bond Exchange Holdings  (ASX:ABE) 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.

Australian Bond Exchange Holdings Debt-to-Equity Related Terms

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

Australian Bond Exchange Holdings (ASX:ABE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Australian Bond Exchange Holdings Ltd (ASX:ABE) » Definitions » Debt-to-Equity
Comparable Companies
ASX:FFG ASX:EQS ASX:FNX ASX:BIR ASX:ASW ASX:AFA ASX:SWF ASX:RZI MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688 HKSE:03908 SHSE:601211
Traded in Other Exchanges
N/A
Address
15 Castlereagh St, Level 19, Sydney, NSW, AUS, 2000
Website
https://www.bondexchange.com.au
Australian Bond Exchange Holdings Ltd is engaged in provision of financial advice and dealing services in the OTC bond market to funds, ADIs and individuals and advisory services to Australian companies. The company generates revenue from Securities trading; Brokerage on transactions as part of financial advice and dealing services division; and Origination and arranging fees.