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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 Liberty All Star Growth Fund's Debt-to-Equity or its related term are showing as below:
ASG's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.21 * Ranked among companies with meaningful Debt-to-Equity only.
Liberty All Star Growth Fund (NYSE:ASG) Debt-to-Equity Explanation
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.
Liberty All Star Growth Fund Debt-to-Equity Related Terms
Liberty All Star Growth Fund Debt-to-Equity Historical Data
* 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.
For the Asset Management subindustry, Liberty All Star Growth Fund'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.
Liberty All Star Growth Fund Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Liberty All Star Growth Fund's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Liberty All Star Growth Fund's Debt-to-Equity falls into.
* 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.
Liberty All Star Growth Fund (ASG) has a Debt-to-Equity of 0.00 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Liberty All Star Growth Fund and its competitors. According to the industry distribution chart, Liberty All Star Growth Fund ranks #999999 out of 961 companies in the Asset Management industry.
Is Liberty All Star Growth Fund's Debt-to-Equity too high?
Liberty All Star Growth Fund's current Debt-to-Equity is 0.00. Based on the distribution chart, Liberty All Star Growth Fund ranks #999999 out of 961 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Liberty All Star Growth Fund has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Liberty All Star Growth Fund's Debt-to-Equity compare to ZTR and NXG?
According to the Asset Management industry distribution chart, Liberty All Star Growth Fund ranks #999999 out of 961 companies for Debt-to-Equity. This places Liberty All Star Growth Fund in the lower half of its industry. The industry median Debt-to-Equity is 0.21. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 961 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Liberty All Star Growth Fund and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liberty All Star Growth Fund's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty All Star Growth Fund stock overvalued right now?
Based on GuruFocus' analysis, Liberty All Star Growth Fund (ASG) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.61, compared to a current price of $5.35 — trading 232% above its estimated fair value. The current Debt-to-Equity is 0.00. Liberty All Star Growth Fund's overall GF Score™ is 44/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Liberty All Star Growth Fund (ASG), the current Debt-to-Equity is 0.00 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Liberty All Star Growth Fund (ASG) Overvalued in 2026?
Based on GuruFocus' analysis, Liberty All Star Growth Fund stock appears to be overvalued.
The current stock price of $5.35 is trading 232% above its estimated GF Value™ of $1.61.
GuruFocus considers Liberty All Star Growth Fund to be Significantly Overvalued.
Key valuation signals for ASG:
Debt-to-Equity: 0.00
GF Value™: $1.61 vs. price of $5.35 (232% above fair value)
No single metric tells the full story. See the ASG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Liberty All Star Growth Fund Inc is the United States based diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment in a diversified portfolio of equity securities. The company's portfolio of investments consists of different industries such as consumer discretionary, consumer staples, healthcare, industrial, information technology and others.
44GF Score
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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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