Latitude Group Holdings (ASX:LFS) Debt-to-Equity : 5.16 (As of Dec. 2024)

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What is Latitude Group Holdings Debt-to-Equity?

Latitude Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$784 Mil. Latitude Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$5,532 Mil. Latitude Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$1,224 Mil. Latitude Group Holdings's debt to equity for the quarter that ended in Dec. 2024 was 5.16.

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

ASX:LFS' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.76 Med: 4.58 Max: 5.16
Current: 5.16

During the past 5 years, the highest Debt-to-Equity Ratio of Latitude Group Holdings was 5.16. The lowest was 3.76. And the median was 4.58.

ASX:LFS's Debt-to-Equity is ranked worse than
89.86% of 444 companies
in the Credit Services industry
Industry Median: 1.085 vs ASX:LFS: 5.16

Latitude Group Holdings Debt-to-Equity Historical Data

The historical data trend for Latitude Group 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.

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Latitude Group Holdings Debt-to-Equity Chart

Latitude Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

4.82

3.76

4.00

4.58

5.16

Latitude Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial				4.00	4.42	4.58	4.78	5.16

Competitive Comparison of Latitude Group Holdings's Debt-to-Equity

For the Credit Services subindustry, Latitude Group 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.

Latitude Group Holdings's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Latitude Group Holdings's Debt-to-Equity distribution charts can be found below:

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

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Latitude Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Latitude Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(784	+	5532.2)	/	1224.4
	=	5.16

Latitude Group Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(784	+	5532.2)	/	1224.4
	=	5.16

Latitude Group Holdings (ASX:LFS) 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.

Latitude Group Holdings Debt-to-Equity Related Terms

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Latitude Group Holdings Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

130 Lonsdale Street, Level 18, Melbourne, VIC, AUS, 3000

Website

https://www.latitudefinancial.com.au

Latitude Group Holdings Ltd is engaged in the instalments and lending business. Its segments include Australia and New Zealand Pay (A&NZ Pay), Australia and New Zealand Money (A&NZ Money), and Other. The A&NZ Pay segment provides sales finance and credit cards. The A&NZ Money segment offers personal loans and motor loans. The Other segment includes other business activities. It provides payment and finance solutions to merchants and their customers. Customers are provided choice and flexibility, ranging from small everyday purchases to monthly or flexible payment plans for bigger purchases and travel credit cards. These services are offered in Australia, New Zealand, and Asia.