Asia Dragon Trust (LSE:DGN) Debt-to-Equity : 0.09 (As of Feb. 2024)

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What is Asia Dragon Trust Debt-to-Equity?

Asia Dragon Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was £0.00 Mil. Asia Dragon Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was £59.52 Mil. Asia Dragon Trust's Total Stockholders Equity for the quarter that ended in Feb. 2024 was £678.83 Mil. Asia Dragon Trust's debt to equity for the quarter that ended in Feb. 2024 was 0.09.

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 Asia Dragon Trust's Debt-to-Equity or its related term are showing as below:

LSE:DGN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 0.12
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Asia Dragon Trust was 0.12. The lowest was 0.03. And the median was 0.09.

LSE:DGN's Debt-to-Equity is ranked better than
70.89% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:DGN: 0.09

Asia Dragon Trust Debt-to-Equity Historical Data

The historical data trend for Asia Dragon Trust'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.

Asia Dragon Trust Debt-to-Equity Chart

Asia Dragon Trust Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.05

0.09

0.10

0.08

Asia Dragon Trust Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.10	0.10	0.08	0.09

Competitive Comparison of Asia Dragon Trust's Debt-to-Equity

For the Asset Management subindustry, Asia Dragon Trust'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.

Asia Dragon Trust's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Asia Dragon Trust's Debt-to-Equity distribution charts can be found below:

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

Asia Dragon Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia Dragon Trust'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	+	39.992)	/	479.169
	=	0.08

Asia Dragon Trust's Debt to Equity Ratio for the quarter that ended in Feb. 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	+	59.521)	/	678.832
	=	0.09

Asia Dragon Trust (LSE:DGN) 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.

Asia Dragon Trust Debt-to-Equity Related Terms

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

Asia Dragon Trust (LSE:DGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Asia Dragon Trust PLC (LSE:DGN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DGNl:UK

Address

1 George Street, Edinburgh, GBR, EH2 2LL

Website

https://www.asiadragontrust.co.uk

Asia Dragon Trust PLC is an investment trust located in the United Kingdom. The company's primary objective is to achieve long-term capital growth through investment in the Far East with the exception of Japan and Australasia. Its investments are in stock market principally in large companies whose shares are considered to be attractively priced. The company focuses on diversified investments in various sectors such as Aerospace & Defence, Banks, Automobiles, Construction Materials, Industrial Conglomerates, Real Estate Management & Development, Wireless Telecommunication Services and others. It measures the performance of its portfolio against MSCI All Country Asia (ex-Japan) Index.

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