Spheria Emerging Co (ASX:SEC) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Spheria Emerging Co Debt-to-Equity?

Spheria Emerging Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Spheria Emerging Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Spheria Emerging Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$133.43 Mil. Spheria Emerging Co's debt to equity for the quarter that ended in Jun. 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 Spheria Emerging Co's Debt-to-Equity or its related term are showing as below:

ASX:SEC's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.195
* Ranked among companies with meaningful Debt-to-Equity only.

Spheria Emerging Co Debt-to-Equity Historical Data

The historical data trend for Spheria Emerging 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.

Spheria Emerging Co Debt-to-Equity Chart

Spheria Emerging Co Annual Data

Trend

Aug17

Jun18

Jun23

Debt-to-Equity

Spheria Emerging Co Semi-Annual Data
	Aug17	Jun23
Debt-to-Equity	-	-

Competitive Comparison of Spheria Emerging Co's Debt-to-Equity

For the Asset Management subindustry, Spheria Emerging 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.

Spheria Emerging Co's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Spheria Emerging Co's Debt-to-Equity falls into.

Spheria Emerging Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spheria Emerging 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
	=	(0	+	0)	/	133.43
	=	0.00

Spheria Emerging Co's Debt to Equity Ratio for the quarter 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
	=	(0	+	0)	/	133.43
	=	0.00

Spheria Emerging Co (ASX:SEC) 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.

Spheria Emerging Co Debt-to-Equity Related Terms

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Spheria Emerging Co (ASX:SEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Spheria Emerging Co Ltd (ASX:SEC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

264 George Street, Level 25, Sydney, NSW, AUS, 2000

Website

http://www.spheria.com.au

Spheria Emerging Co Ltd is an investment management company focus specializing in small and microcap companies. The company's investment objective is to provide total returns over the Benchmark; and capital growth, over each full investment cycle. the company operates in a single segment which is investment activities & Geographically it operates from Australia only.

Spheria Emerging Co (ASX:SEC) Headlines

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