Generation Development Group (ASX:GDG) Debt-to-Equity : 0.02 (As of Jun. 2024)

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What is Generation Development Group Debt-to-Equity?

Generation Development Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.8 Mil. Generation Development Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$2.7 Mil. Generation Development Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$211.4 Mil. Generation Development Group's debt to equity for the quarter that ended in Jun. 2024 was 0.02.

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

ASX:GDG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.09
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Generation Development Group was 0.09. The lowest was 0.02. And the median was 0.06.

ASX:GDG's Debt-to-Equity is ranked better than
93.53% of 974 companies
in the Asset Management industry
Industry Median: 0.2 vs ASX:GDG: 0.02

Generation Development Group Debt-to-Equity Historical Data

The historical data trend for Generation Development 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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Generation Development Group Debt-to-Equity Chart

Generation Development Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.03

0.09

0.07

0.06

0.02

Generation Development Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.07	0.06	0.06	0.02

Competitive Comparison of Generation Development Group's Debt-to-Equity

For the Asset Management subindustry, Generation Development 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.

Generation Development Group's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Generation Development Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Generation Development Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 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
	=	(0.793	+	2.672)	/	211.383
	=	0.02

Generation Development Group's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(0.793	+	2.672)	/	211.383
	=	0.02

Generation Development Group (ASX:GDG) 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.

Generation Development Group Debt-to-Equity Related Terms

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Generation Development Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Generation Development Group Ltd (ASX:GDG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

447 Collins Street, Level 17, Melbourne, VIC, AUS, 3000

Website

https://www.gendevelopmentgroup.com.au

Generation Development Group Ltd operates as a registered Pooled Development Fund (PDF) specializing in providing development capital to financial sector businesses. It is engaged in the marketing, and management of life insurance and life investment products and services in Australia and the provision of administration services in the financial services industry. The operating segments of the company are; Benefit Funds Management and Fund Administration, and Other Businesses. It also has a non-operating segment namely, Benefits funds which derives its key revenue and represents its investment transactions in the Benefits Fund.

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