ESG (ESGH) Debt-to-Equity : 0.82 (As of Mar. 2024)

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What is ESG Debt-to-Equity?

ESG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7.20 Mil. ESG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. ESG's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $8.78 Mil. ESG's debt to equity for the quarter that ended in Mar. 2024 was 0.82.

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

ESGH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.73 Med: 0.77 Max: 0.82
Current: 0.82

During the past 3 years, the highest Debt-to-Equity Ratio of ESG was 0.82. The lowest was 0.73. And the median was 0.77.

ESGH's Debt-to-Equity is ranked worse than
83.57% of 286 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs ESGH: 0.82

ESG Debt-to-Equity Historical Data

The historical data trend for ESG'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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ESG Debt-to-Equity Chart

ESG Annual Data

Trend

Aug21

Aug22

Aug23

Debt-to-Equity

ESG Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	0.73	0.82

Competitive Comparison of ESG's Debt-to-Equity

For the Shell Companies subindustry, ESG'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.

ESG's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ESG's Debt-to-Equity distribution charts can be found below:

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

ESG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ESG's Debt to Equity Ratio for the fiscal year that ended in Aug. 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)	/	0.046
	=	0.00

ESG's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(7.201	+	0)	/	8.776
	=	0.82

ESG (OTCPK:ESGH) 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.

ESG Debt-to-Equity Related Terms

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

ESG (ESGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ESG Inc (OTCPK:ESGH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 School House Road, Kennett Square, PA, USA, 19348

Website

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