ASA International Group (LSE:ASAI) Debt-to-Equity : 3.57 (As of Jun. 2024)

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What is ASA International Group Debt-to-Equity?

ASA International Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.0 Mil. ASA International Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £232.4 Mil. ASA International Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £65.1 Mil. ASA International Group's debt to equity for the quarter that ended in Jun. 2024 was 3.57.

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 ASA International Group's Debt-to-Equity or its related term are showing as below:

LSE:ASAI' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.46 Med: 3.24 Max: 3.59
Current: 3.57

During the past 9 years, the highest Debt-to-Equity Ratio of ASA International Group was 3.59. The lowest was 1.46. And the median was 3.24.

LSE:ASAI's Debt-to-Equity is ranked worse than
81.29% of 433 companies
in the Credit Services industry
Industry Median: 1.26 vs LSE:ASAI: 3.57

ASA International Group Debt-to-Equity Historical Data

The historical data trend for ASA International Group'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.

ASA International Group Debt-to-Equity Chart

ASA International Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.02

3.30

3.11

2.94

3.55

ASA International Group Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial											3.05	2.94	3.59	3.55	3.57

Competitive Comparison of ASA International Group's Debt-to-Equity

For the Credit Services subindustry, ASA International Group'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.

ASA International Group's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, ASA International Group's Debt-to-Equity distribution charts can be found below:

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

ASA International Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ASA International Group's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	218.58)	/	61.568
	=	3.55

ASA International Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0	+	232.393)	/	65.096
	=	3.57

ASA International Group (LSE:ASAI) 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.

ASA International Group Debt-to-Equity Related Terms

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ASA International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » ASA International Group PLC (LSE:ASAI) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ASAIl:UK

Address

Bir Uttam A.N.M. Nuruzzaman Sarak, ASA Tower, 10th Floor 23/3, Shyamoli, Dhaka, BGD, 1207

Website

https://www.asa-international.com

ASA International Group PLC is an international micro-finance institution, which aims to enhance financial inclusion among low-income populations throughout Asia and Africa. Its geographical segments include West Africa, which includes Ghana, Nigeria, Sierra Leone; East Africa, which includes Kenya, Uganda, Tanzania, Rwanda; South Asia, which includes India, Pakistan, Sri Lanka; South East Asia, which includes Myanmar, Philippines, and Holding & other non-operating entities, which includes holding entities and other entities without microfinance activities.

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