Altshuler Shaham Financial (XTAE:ALTF) Debt-to-Equity : 0.17 (As of Jun. 2024)

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What is Altshuler Shaham Financial Debt-to-Equity?

Altshuler Shaham Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₪0.0 Mil. Altshuler Shaham Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₪91.4 Mil. Altshuler Shaham Financial's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ₪532.4 Mil. Altshuler Shaham Financial's debt to equity for the quarter that ended in Jun. 2024 was 0.17.

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 Altshuler Shaham Financial's Debt-to-Equity or its related term are showing as below:

XTAE:ALTF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.17 Max: 0.28
Current: 0.17

During the past 8 years, the highest Debt-to-Equity Ratio of Altshuler Shaham Financial was 0.28. The lowest was 0.00. And the median was 0.17.

XTAE:ALTF's Debt-to-Equity is ranked better than
54.84% of 992 companies
in the Asset Management industry
Industry Median: 0.2 vs XTAE:ALTF: 0.17

Altshuler Shaham Financial Debt-to-Equity Historical Data

The historical data trend for Altshuler Shaham Financial'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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Altshuler Shaham Financial Debt-to-Equity Chart

Altshuler Shaham Financial Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.05

0.13

0.22

0.19

Altshuler Shaham Financial Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.21	0.20	0.19	0.18	0.17

Competitive Comparison of Altshuler Shaham Financial's Debt-to-Equity

For the Asset Management subindustry, Altshuler Shaham Financial'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.

Altshuler Shaham Financial's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Altshuler Shaham Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Altshuler Shaham Financial'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
	=	(18.398	+	82.229)	/	520.28
	=	0.19

Altshuler Shaham Financial'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	+	91.429)	/	532.407
	=	0.17

Altshuler Shaham Financial (XTAE:ALTF) 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.

Altshuler Shaham Financial Debt-to-Equity Related Terms

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

Altshuler Shaham Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Altshuler Shaham Financial Ltd (XTAE:ALTF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

19A Habarzel Street, Ramat Hachayal, Tel Aviv, ISR, 6971026

Website

https://www.as-invest.co.il

Altshuler Shaham Financial Ltd is a manager of provident funds, study and pension funds. It holds a permit to operate provident funds for savings, provident pay and severance pay, central severance pay funds, study funds, central sick pay provident fund, a central provident fund for budgetary pension participation, investment provident funds, and investment provident funds - long-term savings for children (with multiple tracks). The company has two operating segments: The pension fund segment and the Provident fund segment.

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