Alexium International Group (ASX:AJX) Debt-to-Equity : -2.30 (As of Dec. 2023)

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What is Alexium International Group Debt-to-Equity?

Alexium International Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.12 Mil. Alexium International Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$9.43 Mil. Alexium International Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-4.60 Mil. Alexium International Group's debt to equity for the quarter that ended in Dec. 2023 was -2.29.

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

ASX:AJX' s Debt-to-Equity Range Over the Past 10 Years
Min: -9.33 Med: 0.86 Max: 28.47
Current: -2.3

During the past 13 years, the highest Debt-to-Equity Ratio of Alexium International Group was 28.47. The lowest was -9.33. And the median was 0.86.

ASX:AJX's Debt-to-Equity is not ranked
in the Chemicals industry.
Industry Median: 0.35 vs ASX:AJX: -2.30

Alexium International Group Debt-to-Equity Historical Data

The historical data trend for Alexium 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.

Alexium International Group Debt-to-Equity Chart

Alexium International Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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18.15

0.65

0.83

2.44

-4.77

Alexium International Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.34	2.44	-9.33	-4.77	-2.30

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

For the Specialty Chemicals subindustry, Alexium 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.

Alexium International Group's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Alexium International Group's Debt-to-Equity distribution charts can be found below:

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

Alexium International Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alexium International Group'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
	=	(0.444	+	6.538)	/	-1.465
	=	-4.77

Alexium International Group'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
	=	(1.115	+	9.432)	/	-4.596
	=	-2.29

Alexium International Group (ASX:AJX) 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.

Alexium International Group Debt-to-Equity Related Terms

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Alexium International Group (ASX:AJX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alexium International Group Ltd (ASX:AJX) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

E7T:Germany

Address

350 West Phillips Road, Greer, SC, USA, 29650

Website

https://www.alexiuminternational.com

Alexium International Group Ltd is engaged in the development of specialty chemicals. Its only operating segment is the development and commercialization of its proprietary flame retardant (FR) and phase change material (PCM) chemistries, cooling products for bedding, and selling its specialized chemistry to customers. Geographically, it derives a majority of its revenue from the United States and also has a presence in Australia. The company products include Alexicool and Alexiflam NF.