Autosports Group (ASX:ASG) Debt-to-Equity : 1.97 (As of Dec. 2023)

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What is Autosports Group Debt-to-Equity?

Autosports Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$572 Mil. Autosports Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$388 Mil. Autosports Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$487 Mil. Autosports Group's debt to equity for the quarter that ended in Dec. 2023 was 1.97.

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

ASX:ASG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.85 Med: 1.4 Max: 1.97
Current: 1.97

During the past 6 years, the highest Debt-to-Equity Ratio of Autosports Group was 1.97. The lowest was 0.85. And the median was 1.40.

ASX:ASG's Debt-to-Equity is ranked worse than
92.52% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs ASX:ASG: 1.97

Autosports Group Debt-to-Equity Historical Data

The historical data trend for Autosports 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.

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Autosports Group Debt-to-Equity Chart

Autosports Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.95

1.73

1.46

1.30

1.91

Autosports Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								1.39	1.30	1.40	1.91	1.97

Competitive Comparison of Autosports Group's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Autosports 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.

Autosports Group's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Autosports Group's Debt-to-Equity distribution charts can be found below:

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

Autosports Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Autosports Group'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
	=	(487.298	+	415.678)	/	472.484
	=	1.91

Autosports Group'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
	=	(572.143	+	388.471)	/	486.916
	=	1.97

Autosports Group (ASX:ASG) 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.

Autosports Group Debt-to-Equity Related Terms

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Autosports Group (ASX:ASG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Autosports Group Ltd (ASX:ASG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

565 Parramatta Road, Leichhardt, Sydney, NSW, AUS, 2040

Website

https://www.autosportsgroup.com.au

Autosports Group Ltd operates in the retail automotive industry. The core business focuses on the sale of new and used motor vehicles, distribution of finance and insurance products on behalf of retail financiers and automotive insurers. In addition, the company is involved in the sale of aftermarket products and spare parts, motor vehicle servicing and collision repair services. It generates maximum revenue from New and demonstrator vehicles followed by Used vehicles and others. Geographically the group operates in Australia and New Zealand, where the majority revenue is generated from Australia.