PWM (Prestige Wealth) Debt-to-Asset : 0.03 (As of Sep. 2024)

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What is Prestige Wealth Debt-to-Asset?

Prestige Wealth's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.18 Mil. Prestige Wealth's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Prestige Wealth's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $6.33 Mil. Prestige Wealth's debt to asset for the quarter that ended in Sep. 2024 was 0.03.

Prestige Wealth Debt-to-Asset Historical Data

The historical data trend for Prestige Wealth's Debt-to-Asset 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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Prestige Wealth Debt-to-Asset Chart

Prestige Wealth Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

Debt-to-Asset

0.06

0.03

Prestige Wealth Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial				-	-	0.06	0.04	0.03

Competitive Comparison of Prestige Wealth's Debt-to-Asset

For the Asset Management subindustry, Prestige Wealth's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Prestige Wealth's Debt-to-Asset Distribution in the Asset Management Industry

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

* The bar in red indicates where Prestige Wealth's Debt-to-Asset falls into.

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Prestige Wealth Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Prestige Wealth's Debt-to-Asset for the fiscal year that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.181	+	0)	/	6.328
	=	0.03

Prestige Wealth's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.181	+	0)	/	6.328
	=	0.03

Prestige Wealth (NAS:PWM) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Prestige Wealth Debt-to-Asset Related Terms

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Prestige Wealth Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prestige Wealth Inc (NAS:PWM) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Champion Tower, 3 Garden Road, Suite 3201, Hong Kong, HKG

Website

https://www.prestigewm.hk

Prestige Wealth Inc is engaged in providing private wealth management services and asset management to high-net-worth and ultra-high-net-worth individuals and enterprises through its subsidiaries.