Ashtead Technology Holdings (LSE:AT.) Debt-to-Equity : 0.74 (As of Dec. 2023)

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What is Ashtead Technology Holdings Debt-to-Equity?

Ashtead Technology Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1.2 Mil. Ashtead Technology Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £71.3 Mil. Ashtead Technology Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £97.6 Mil. Ashtead Technology Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.74.

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 Ashtead Technology Holdings's Debt-to-Equity or its related term are showing as below:

LSE:AT.' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.74 Max: 1.13
Current: 0.74

During the past 7 years, the highest Debt-to-Equity Ratio of Ashtead Technology Holdings was 1.13. The lowest was 0.45. And the median was 0.74.

LSE:AT.'s Debt-to-Equity is ranked worse than
66.75% of 833 companies
in the Oil & Gas industry
Industry Median: 0.44 vs LSE:AT.: 0.74

Ashtead Technology Holdings Debt-to-Equity Historical Data

The historical data trend for Ashtead Technology Holdings'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.

Ashtead Technology Holdings Debt-to-Equity Chart

Ashtead Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.13

1.05

0.45

0.50

0.74

Ashtead Technology Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.45	0.37	0.50	0.39	0.74

Competitive Comparison of Ashtead Technology Holdings's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Ashtead Technology Holdings'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.

Ashtead Technology Holdings's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ashtead Technology Holdings's Debt-to-Equity distribution charts can be found below:

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

Ashtead Technology Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ashtead Technology Holdings'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
	=	(1.177	+	71.329)	/	97.586
	=	0.74

Ashtead Technology Holdings's Debt to Equity Ratio for the quarter 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
	=	(1.177	+	71.329)	/	97.586
	=	0.74

Ashtead Technology Holdings (LSE:AT.) 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.

Ashtead Technology Holdings Debt-to-Equity Related Terms

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Ashtead Technology Holdings (LSE:AT.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashtead Technology Holdings PLC (LSE:AT.) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

Y9R:Germany

Address

Ashtead House, Discovery Drive, Westhill, Aberdeenshire, GBR, AB32 6FG

Website

https://www.ashtead-technology.com

Ashtead Technology Holdings PLC is a subsea equipment rental and solutions organization supporting the installation, inspection, maintenance, repair, and decommissioning of infrastructure across the offshore energy industry. Its service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. The company operates in the following four geographic regions, which have been determined as the Group's reportable segments. The operations of each geographic region are similar: Europe; the Americas; Asia-Pacific and the Middle East.

Ashtead Technology Holdings (LSE:AT.) Headlines

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