Steadfast Group (ASX:SDF) Debt-to-Equity : 0.31 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Steadfast Group Debt-to-Equity?

Steadfast Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$75 Mil. Steadfast Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$642 Mil. Steadfast Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,302 Mil. Steadfast Group's debt to equity for the quarter that ended in Dec. 2023 was 0.31.

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

ASX:SDF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.46 Max: 1.18
Current: 0.31

During the past 10 years, the highest Debt-to-Equity Ratio of Steadfast Group was 1.18. The lowest was 0.04. And the median was 0.46.

ASX:SDF's Debt-to-Equity is ranked worse than
57.07% of 382 companies
in the Insurance industry
Industry Median: 0.25 vs ASX:SDF: 0.31

Steadfast Group Debt-to-Equity Historical Data

The historical data trend for Steadfast 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.

Steadfast Group Debt-to-Equity Chart

Steadfast Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.34

0.68

0.56

0.51

Steadfast 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															0.81	0.56	1.07	0.51	0.31

Competitive Comparison of Steadfast Group's Debt-to-Equity

For the Insurance Brokers subindustry, Steadfast 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.

Steadfast Group's Debt-to-Equity Distribution in the Insurance Industry

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

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

Steadfast Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Steadfast 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
	=	(69.9	+	967.5)	/	2041.4
	=	0.51

Steadfast 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
	=	(75.4	+	642.4)	/	2301.6
	=	0.31

Steadfast Group (ASX:SDF) 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.

Steadfast Group Debt-to-Equity Related Terms

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

Steadfast Group (ASX:SDF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Steadfast Group Ltd (ASX:SDF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SFGLF:USA 1S6:Germany

Address

99 Bathurst Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.steadfast.com.au

Steadfast Group is the largest general insurance broker network in Australia and New Zealand, with over 425 brokers and almost 1,900 offices in Australia, New Zealand, Singapore, and London. Steadfast operates as both a broker and a consolidator via equity interests in insurance broker businesses, generating over AUD 11 billion of network broker gross written premium annually. Steadfast also co-owns and consolidates underwriting agencies and other complementary businesses.

Steadfast Group (ASX:SDF) Headlines

No Headlines