Airtasker (ASX:ART) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Airtasker Debt-to-Equity?

Airtasker's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.03 Mil. Airtasker's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.13 Mil. Airtasker's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$29.88 Mil. Airtasker's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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

ASX:ART' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.13
Current: 0.11

During the past 3 years, the highest Debt-to-Equity Ratio of Airtasker was 0.13. The lowest was 0.01. And the median was 0.04.

ASX:ART's Debt-to-Equity is ranked better than
59.76% of 425 companies
in the Interactive Media industry
Industry Median: 0.16 vs ASX:ART: 0.11

Airtasker Debt-to-Equity Historical Data

The historical data trend for Airtasker'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.

Airtasker Debt-to-Equity Chart

Airtasker Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

0.04

0.13

Airtasker Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.01	0.04	0.13	0.13	0.11

Competitive Comparison of Airtasker's Debt-to-Equity

For the Internet Content & Information subindustry, Airtasker'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.

Airtasker's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Airtasker's Debt-to-Equity distribution charts can be found below:

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

Airtasker Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Airtasker'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
	=	(0.987	+	2.659)	/	28.903
	=	0.13

Airtasker'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
	=	(1.032	+	2.128)	/	29.878
	=	0.11

Airtasker (ASX:ART) 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.

Airtasker Debt-to-Equity Related Terms

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

Airtasker (ASX:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Airtasker Ltd (ASX:ART) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-28 Campbell Street, Level 6, Haymarket, NSW, AUS, 2000

Website

https://www.airtasker.com

Airtasker Ltd is a community platform that connects people who need to outsource tasks and find local services, with people who are looking to earn money and ready to work. It helps to complete home cleaning, handyman jobs, admin work, photography, graphic design or even build a website. The company generates revenue from service fees and stored value brokerage.

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