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Aristocrat LeisureASX:ALL -0.83%94 Debt-to-Equity is 0.31 as of Mar. 2026, which is 66% below its 10-year median of 0.90. GuruFocus rates ASX:ALL with a GF Score™ of 94/100 and a GF Value™ of A$53.08 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 720 Travel & Leisure companies, Aristocrat Leisure ranks better than 58.89% on this metric.
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 Aristocrat Leisure's Debt-to-Equity or its related term are showing as below:
ASX:ALL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.9 Max: 1.93
Current: 0.31
During the past 13 years, the highest Debt-to-Equity Ratio of Aristocrat Leisure was 1.93. The lowest was 0.30. And the median was 0.90.
ASX:ALL's Debt-to-Equity is ranked better than 58.89% of 720
companies
in the Travel & Leisure industry
Industry Median: 0.425
vs ASX:ALL: 0.31
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.
Aristocrat Leisure Debt-to-Equity Related Terms
Aristocrat Leisure Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Aristocrat Leisure'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.
ASX:ALL vs FLUT, DKNG, SGHC: Debt-to-Equity Comparison
For the Gambling subindustry, Aristocrat Leisure'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.
Aristocrat Leisure Debt-to-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Aristocrat Leisure's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Aristocrat Leisure'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.
Aristocrat Leisure (ASX:ALL) has a Debt-to-Equity of 0.31 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Aristocrat Leisure and its competitors. This is 66% below median its historical median of 0.90. Over the past decade, Aristocrat Leisure's Debt-to-Equity has ranged from 0.30 to 1.93. According to the industry distribution chart, Aristocrat Leisure ranks #296 out of 720 companies in the Travel & Leisure industry, placing it in the top 41.1%.
Is Aristocrat Leisure's Debt-to-Equity too high?
Aristocrat Leisure's current Debt-to-Equity of 0.31 is 66% below median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.93. The Travel & Leisure industry median Debt-to-Equity is 0.43. Aristocrat Leisure's value of 0.31 is 27.1% below this industry median. Based on the distribution chart, Aristocrat Leisure ranks #296 out of 720 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Aristocrat Leisure has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aristocrat Leisure's Debt-to-Equity compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Aristocrat Leisure ranks #296 out of 720 companies for Debt-to-Equity. This puts Aristocrat Leisure in the upper half of its industry. The industry median Debt-to-Equity is 0.43. Aristocrat Leisure's value of 0.31 is 27.1% below this benchmark. Historically, Aristocrat Leisure's own Debt-to-Equity has ranged from 0.30 to 1.93 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.43, Aristocrat Leisure has consistently been below the industry average. 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 a Travel & Leisure company?
The median Debt-to-Equity among Travel & Leisure companies is 0.43, based on 720 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. Aristocrat Leisure's current Debt-to-Equity of 0.31 is 27.1% below the industry median. 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 Aristocrat Leisure and its competitors. For the Travel & Leisure industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aristocrat Leisure's current Debt-to-Equity is 0.31, which is 66% below median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aristocrat Leisure stock overvalued right now?
Based on GuruFocus' analysis, Aristocrat Leisure (ASX:ALL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$53.08, compared to a current price of A$62.03 — trading 16.9% above its estimated fair value. The current Debt-to-Equity is 0.31, which is 66% below median its 10-year median of 0.90 and 27.1% below the Travel & Leisure industry median of 0.43. Aristocrat Leisure's overall GF Score™ is 94/100 with 1 warning sign 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 Aristocrat Leisure (ASX:ALL), the current Debt-to-Equity is 0.31 as of Mar. 2026. 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 Aristocrat Leisure (ASX:ALL) Overvalued in 2026?
Based on GuruFocus' analysis, Aristocrat Leisure stock appears to be overvalued.
The current stock price of A$62.03 is trading 16.9% above its estimated GF Value™ of A$53.08.
GuruFocus considers Aristocrat Leisure to be Modestly Overvalued.
Key valuation signals for ASX:ALL:
Debt-to-Equity: 0.31 (66% below median its 10-year median of 0.90)
GF Value™: A$53.08 vs. price of A$62.03 (16.9% above fair value)
Industry Position: 27.1% below the Travel & Leisure median (#296 of 720)
No single metric tells the full story. See the ASX:ALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. The company also develops and distributes mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
94GF Score
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