Link Administration Holdings (ASX:LNK) Debt-to-Equity : 3.64 (As of Dec. 2023)

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What is Link Administration Holdings Debt-to-Equity?

Link Administration Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$33.0 Mil. Link Administration Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,098.6 Mil. Link Administration Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$310.7 Mil. Link Administration Holdings's debt to equity for the quarter that ended in Dec. 2023 was 3.64.

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 Link Administration Holdings's Debt-to-Equity or its related term are showing as below:

ASX:LNK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.61 Max: 4.67
Current: 3.64

During the past 8 years, the highest Debt-to-Equity Ratio of Link Administration Holdings was 4.67. The lowest was 0.40. And the median was 0.61.

ASX:LNK's Debt-to-Equity is ranked worse than
94.73% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs ASX:LNK: 3.64

Link Administration Holdings Debt-to-Equity Historical Data

The historical data trend for Link Administration Holdings'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.

Link Administration Holdings Debt-to-Equity Chart

Link Administration Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.54

0.66

0.61

0.78

4.67

Link Administration Holdings Semi-Annual Data
	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												0.81	0.78	4.38	4.67	3.64

Competitive Comparison of Link Administration Holdings's Debt-to-Equity

For the Capital Markets subindustry, Link Administration Holdings'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.

Link Administration Holdings's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Link Administration Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Link Administration Holdings's Debt-to-Equity falls into.

Link Administration Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Link Administration Holdings'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
	=	(34.238	+	1105.708)	/	244.335
	=	4.67

Link Administration Holdings'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
	=	(32.964	+	1098.638)	/	310.698
	=	3.64

Link Administration Holdings (ASX:LNK) 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.

Link Administration Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Link Administration Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Link Administration Holdings (ASX:LNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Link Administration Holdings Ltd (ASX:LNK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LKADF:USA

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.linkgroup.com

Link derives its revenue primarily from providing administration services to the financial services sector in Australia, and the share registry and investment fund sectors in the U.K. The company is the largest provider of superannuation administration services and the second-largest provider of share registry services in Australia. Link's clients are usually contracted for between two and five years. The customers are relatively sticky, resulting in a high recurring revenue. The capital-light business model means cash flow is relatively strong.

Link Administration Holdings (ASX:LNK) Headlines

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