EQT Holdings (ASX:EQT) Debt-to-Equity : 0.15 (As of Dec. 2023)

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What is EQT Holdings Debt-to-Equity?

EQT Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.7 Mil. EQT Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$60.3 Mil. EQT Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$407.4 Mil. EQT Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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

ASX:EQT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.18
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of EQT Holdings was 0.18. The lowest was 0.03. And the median was 0.10.

ASX:EQT's Debt-to-Equity is ranked better than
57.87% of 1016 companies
in the Asset Management industry
Industry Median: 0.195 vs ASX:EQT: 0.15

EQT Holdings Debt-to-Equity Historical Data

The historical data trend for EQT 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.

EQT Holdings Debt-to-Equity Chart

EQT Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.06

0.14

0.15

0.18

0.13

EQT Holdings 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															0.14	0.18	0.12	0.13	0.15

Competitive Comparison of EQT Holdings's Debt-to-Equity

For the Asset Management subindustry, EQT 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.

EQT Holdings's Debt-to-Equity Distribution in the Asset Management Industry

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

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

EQT Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EQT 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
	=	(0.419	+	50.2)	/	405.386
	=	0.12

EQT 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
	=	(0.671	+	60.3)	/	407.425
	=	0.15

EQT Holdings (ASX:EQT) 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.

EQT Holdings Debt-to-Equity Related Terms

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EQT Holdings (ASX:EQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » EQT Holdings Ltd (ASX:EQT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

575 Bourke Street, Level 1, Melbourne, VIC, AUS, 3000

Website

https://www.eqt.com.au

EQT Holdings Ltd is an independent trustee and executor company. The company's operating segment includes Trustee and Wealth Services and SuperannuationTrustee Services. It generates maximum revenue from Trustee and Wealth Services. The Trustee & wealth Services segment provides a range of private client, philanthropic and superannuation services including estate planning and management; charitable, compensation, community and personal trust services, wealth management and advice. It has a presence in Australia, the United Kingdom, and Ireland.