Gowing Bros (ASX:GOW) Debt-to-Equity : 0.49 (As of Jan. 2024)

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What is Gowing Bros Debt-to-Equity?

Gowing Bros's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was A$0.62 Mil. Gowing Bros's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was A$96.55 Mil. Gowing Bros's Total Stockholders Equity for the quarter that ended in Jan. 2024 was A$197.82 Mil. Gowing Bros's debt to equity for the quarter that ended in Jan. 2024 was 0.49.

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

ASX:GOW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.47 Max: 0.57
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of Gowing Bros was 0.57. The lowest was 0.24. And the median was 0.47.

ASX:GOW's Debt-to-Equity is ranked worse than
73.95% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs ASX:GOW: 0.49

Gowing Bros Debt-to-Equity Historical Data

The historical data trend for Gowing Bros'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.

Gowing Bros Debt-to-Equity Chart

Gowing Bros Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.57

0.49

0.50

0.49

0.50

Gowing Bros Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.47	0.49	0.49	0.50	0.49

Competitive Comparison of Gowing Bros's Debt-to-Equity

For the Asset Management subindustry, Gowing Bros'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.

Gowing Bros's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Gowing Bros Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gowing Bros's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(1.831	+	94.869)	/	195.347
	=	0.50

Gowing Bros's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.621	+	96.549)	/	197.821
	=	0.49

Gowing Bros (ASX:GOW) 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.

Gowing Bros Debt-to-Equity Related Terms

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Gowing Bros (ASX:GOW) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

35-61 Harbour Drive, Suite 303, Coffs Harbour, NSW, AUS, 2450

Website

https://www.gowings.com

Gowing Bros Ltd operates as an investment and wealth management company in Australia. Its operating segments include Cash & fixed interest, Equities, Private equities, Investment properties, Development properties, Surf Hardware International business, and others. The company generates majority of its revenue from Surf Hardware International business. Its geographical segments include Australia, the United States, Japan, and Europe.

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