Asia Standard International Group (Asia Standard International Group) Debt-to-Equity : 1.02 (As of Sep. 2023)

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What is Asia Standard International Group Debt-to-Equity?

Asia Standard International Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $715.8 Mil. Asia Standard International Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,489.6 Mil. Asia Standard International Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $2,173.6 Mil. Asia Standard International Group's debt to equity for the quarter that ended in Sep. 2023 was 1.01.

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 Asia Standard International Group's Debt-to-Equity or its related term are showing as below:

ASASF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.8 Max: 1.22
Current: 1.02

During the past 13 years, the highest Debt-to-Equity Ratio of Asia Standard International Group was 1.22. The lowest was 0.38. And the median was 0.80.

ASASF's Debt-to-Equity is ranked worse than
87.05% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs ASASF: 1.02

Asia Standard International Group Debt-to-Equity Historical Data

The historical data trend for Asia Standard International Group'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.

Asia Standard International Group Debt-to-Equity Chart

Asia Standard International Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.84

1.00

0.79

1.08

0.85

Asia Standard International Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.06	1.08	1.22	0.85	1.02

Competitive Comparison of Asia Standard International Group's Debt-to-Equity

For the Asset Management subindustry, Asia Standard International Group'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.

Asia Standard International Group's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Asia Standard International Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asia Standard International Group's Debt-to-Equity falls into.

Asia Standard International Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia Standard International Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(493.287	+	1614.873)	/	2476.657
	=	0.85

Asia Standard International Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(715.76	+	1489.57)	/	2173.571
	=	1.01

Asia Standard International Group (OTCPK:ASASF) 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.

Asia Standard International Group Debt-to-Equity Related Terms

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

Asia Standard International Group (Asia Standard International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Asia Standard International Group Ltd (OTCPK:ASASF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

00129:Hong Kong

Address

33 Lockhart Road, 30th Floor, YF Life Tower, Wanchai, Hong Kong, HKG

Website

https://www.asiastandard.com

Asia Standard International Group Ltd is an investment holding company. The company is principally engaged in developing and investing properties in location in Hong Kong, first-tier cities in China and Vancouver, Canada, and has established a well diversified business model across four main operating segments - property development, property leasing, hotel and travel, and financial investments. The majority of its revenue is derived from the Financial Investments segment.

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