Australian Foundation Investment Co (ASX:AFI) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Australian Foundation Investment Co Debt-to-Equity?

Australian Foundation Investment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$10.0 Mil. Australian Foundation Investment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. Australian Foundation Investment Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$7,981.6 Mil. Australian Foundation Investment Co's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Australian Foundation Investment Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Australian Foundation Investment Co was 0.06. The lowest was 0.00. And the median was 0.03.

ASX:AFI's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Australian Foundation Investment Co Debt-to-Equity Historical Data

The historical data trend for Australian Foundation Investment Co'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.

Australian Foundation Investment Co Debt-to-Equity Chart

Australian Foundation Investment Co Annual Data

Trend

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Jun23

Debt-to-Equity

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Australian Foundation Investment Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Australian Foundation Investment Co's Debt-to-Equity

For the Asset Management subindustry, Australian Foundation Investment Co'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.

Australian Foundation Investment Co's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Australian Foundation Investment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Australian Foundation Investment Co's Debt-to-Equity falls into.

Australian Foundation Investment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Australian Foundation Investment Co's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(10	+	0)	/	7556.022
	=	0.00

Australian Foundation Investment Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(10	+	0)	/	7981.602
	=	0.00

Australian Foundation Investment Co (ASX:AFI) 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.

Australian Foundation Investment Co Debt-to-Equity Related Terms

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Australian Foundation Investment Co (ASX:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Australian Foundation Investment Co Ltd (ASX:AFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.afi.com.au

Australian Foundation Investment Co Ltd is an asset management company which invests in Australian and New Zealand equities. It aims to provide shareholders with attractive investment returns through access to a growing stream of fully franked dividends and enhancement of capital invested. Its investment goals are to pay dividends, which, over time, grow faster than the rate of inflation and to provide attractive total returns over the medium to long term.

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