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Aitken Spence (COL:SPEN.N0000) Debt-to-Equity : 1.34 (As of Dec. 2023)


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What is Aitken Spence Debt-to-Equity?

Aitken Spence's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු41,590 Mil. Aitken Spence's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු55,839 Mil. Aitken Spence's Total Stockholders Equity for the quarter that ended in Dec. 2023 was රු72,691 Mil. Aitken Spence's debt to equity for the quarter that ended in Dec. 2023 was 1.34.

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 Aitken Spence's Debt-to-Equity or its related term are showing as below:

COL:SPEN.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09   Med: 0.86   Max: 1.47
Current: 1.34

During the past 13 years, the highest Debt-to-Equity Ratio of Aitken Spence was 1.47. The lowest was 0.09. And the median was 0.86.

COL:SPEN.N0000's Debt-to-Equity is ranked worse than
77.71% of 471 companies
in the Conglomerates industry
Industry Median: 0.56 vs COL:SPEN.N0000: 1.34

Aitken Spence Debt-to-Equity Historical Data

The historical data trend for Aitken Spence'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.

Aitken Spence Debt-to-Equity Chart

Aitken Spence Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 1.22 1.44 1.29 1.30

Aitken Spence Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.41 1.30 1.38 1.40 1.34

Competitive Comparison of Aitken Spence's Debt-to-Equity

For the Conglomerates subindustry, Aitken Spence'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.


Aitken Spence's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aitken Spence's Debt-to-Equity distribution charts can be found below:

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



Aitken Spence Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aitken Spence's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Aitken Spence's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Aitken Spence  (COL:SPEN.N0000) 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.


Aitken Spence Debt-to-Equity Related Terms

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


Aitken Spence (COL:SPEN.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 315, Vauxhall Street, Aitken Spence Towers II, Colombo, LKA, 02
Aitken Spence PLC is a Sri Lankan-based conglomerate company. Its segments consist of Tourism, Maritime and Freight Logistics, Strategic Investments, and Services. The tourism segment includes Hotels, destination management, and Airline GSA. Maritime and Freight Logistics segments consist of Maritime and Port Services, Freight Forwarding and Courier, Airline GSA (Cargo), Integrated Logistics, and Education. Strategic Investment includes Power Generation, Apparel Manufacture, Printing and Packaging, and Plantations. The services sector is engaged in Money Transfer Services, Elevator Agencies, Insurance, and Property Management. The company's geographical segments are Sri Lanka, Maldives, and Other Countries.

Aitken Spence (COL:SPEN.N0000) Headlines

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