Agha Steel Industries (KAR:AGHA) Debt-to-Equity : 1.53 (As of Mar. 2024)

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What is Agha Steel Industries Debt-to-Equity?

Agha Steel Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨14,469 Mil. Agha Steel Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨7,825 Mil. Agha Steel Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₨14,536 Mil. Agha Steel Industries's debt to equity for the quarter that ended in Mar. 2024 was 1.53.

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 Agha Steel Industries's Debt-to-Equity or its related term are showing as below:

KAR:AGHA' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.09 Med: 1.35 Max: 2.59
Current: 1.53

During the past 5 years, the highest Debt-to-Equity Ratio of Agha Steel Industries was 2.59. The lowest was 1.09. And the median was 1.35.

KAR:AGHA's Debt-to-Equity is ranked worse than
88.22% of 552 companies
in the Steel industry
Industry Median: 0.43 vs KAR:AGHA: 1.53

Agha Steel Industries Debt-to-Equity Historical Data

The historical data trend for Agha Steel Industries'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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Agha Steel Industries Debt-to-Equity Chart

Agha Steel Industries Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

2.59

2.08

1.27

1.47

1.34

Agha Steel Industries Quarterly Data
	Jun19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												1.29	1.34	1.29	1.34	1.53

Competitive Comparison of Agha Steel Industries's Debt-to-Equity

For the Steel subindustry, Agha Steel Industries'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.

Agha Steel Industries's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Agha Steel Industries's Debt-to-Equity distribution charts can be found below:

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

Agha Steel Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Agha Steel Industries'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
	=	(17875.965	+	4332.661)	/	16570.45
	=	1.34

Agha Steel Industries'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
	=	(14469.108	+	7825.238)	/	14536.248
	=	1.53

Agha Steel Industries (KAR:AGHA) 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.

Agha Steel Industries Debt-to-Equity Related Terms

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Agha Steel Industries (KAR:AGHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Agha Steel Industries Ltd (KAR:AGHA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-19 II Talwar, Block 5, Office 801 and 804, 8th Floor, Emerald Tower, Clifton, Karachi, SD, PAK

Website

https://www.aghasteel.com

Agha Steel Industries Ltd is engaged in the business of manufacturing and sale of steel bars, wire rods, and billets in Pakistan. The products of the company include Billets, Earthquake-resistant rebar G-60, Arcon 615 deformed Bar G-60, and E bar G-500+.

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