Asta Funding (Asta Funding) Debt-to-Equity : 0.02 (As of Jun. 2020)

View and export this data going back to 1995. Start your Free Trial

What is Asta Funding Debt-to-Equity?

Asta Funding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $0.00 Mil. Asta Funding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $1.49 Mil. Asta Funding's Total Stockholders Equity for the quarter that ended in Jun. 2020 was $90.31 Mil. Asta Funding's debt to equity for the quarter that ended in Jun. 2020 was 0.02.

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

ASFI's Debt-to-Equity is not ranked ^*
in the Credit Services industry.
Industry Median: 1.18
* Ranked among companies with meaningful Debt-to-Equity only.

Asta Funding Debt-to-Equity Historical Data

The historical data trend for Asta Funding'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.

Asta Funding Debt-to-Equity Chart

Asta Funding Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Debt-to-Equity

Get a 7-Day Free Trial

Asta Funding Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.01	0.01	0.02

Competitive Comparison of Asta Funding's Debt-to-Equity

For the Credit Services subindustry, Asta Funding'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.

Asta Funding's Debt-to-Equity Distribution in the Credit Services Industry

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

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

Asta Funding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asta Funding's Debt to Equity Ratio for the fiscal year that ended in Sep. 2019 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	+	0)	/	89.169
	=	0.00

Asta Funding's Debt to Equity Ratio for the quarter that ended in Jun. 2020 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	+	1.488)	/	90.309
	=	0.02

Asta Funding (NAS:ASFI) 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.

Asta Funding Debt-to-Equity Related Terms

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

Asta Funding (Asta Funding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Asta Funding Inc (NAS:ASFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

210 Sylvan Avenue, Englewood Cliffs, NJ, USA, 07632

Website

http://www.astafunding.com

Asta Funding Inc is a US-based company engaged in the business of acquiring, managing, servicing and recovering on portfolios of consumer receivables. It has organized its business into three segments: Consumer Receivables, Personal Injury Claims, Social Security Disability Advocacy. Its business activity involves purchasing, managing for its own account and servicing distressed consumer receivables, including charged-off receivables, semi-performing receivables and performing receivables, purchasing interests in personal injury claims from claimants who are a party to personal injury litigation, purchasing periodic structured settlements and annuity policies from individuals in exchange for a lump sum payment.

Executives

Gary Stern	director, officer: President and CEO	210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
David S Slackman	director
Louis A Piccolo	director	C/O ASTA FUNDING, INC. 210 SYLVAN AVENUE ENGLEWOOD NJ 07632
Seth Berman	officer: Secretary & General Counsel	C/O ASTA FUNDING 210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Ricky Stern	10 percent owner, officer: Senior Vice President	210 SYLVAN AVENUE ENGELWOOD CLIFFS NJ 07632
Steven Leidenfrost	officer: Chief Financial Officer	C/O ASTA FUNDING, INC. 210 SYLVAN AVENUE, SUITE 1 ENGLEWOOD CLIFFS NJ 07632
Michael R. Monteleone	director	210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Timothy H. Bishop	director	210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Mark Levenfus	director	ASTA FUNDING INC. 210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Mangrove Partners Fund (cayman), Ltd.	10 percent owner	MAPLES CORP. SVCS, PO BOX 309, UGLAND HOUSE, S. CHURCH STREET, GEORGE TOWN E9 KY1-1104
Mangrove Partners Master Fund, Ltd.	10 percent owner	645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Nathaniel H. August	10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Capital Mangrove	10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Mangrove Partners Fund, L.p.	10 percent owner	645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Partners Mangrove	10 percent owner	645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022