Washington H Soul Pattinson (ASX:SOL) Debt-to-Equity : 0.07 (As of Jan. 2024)

View and export this data going back to 1962. Start your Free Trial

What is Washington H Soul Pattinson Debt-to-Equity?

Washington H Soul Pattinson's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was A$154.0 Mil. Washington H Soul Pattinson's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was A$482.7 Mil. Washington H Soul Pattinson's Total Stockholders Equity for the quarter that ended in Jan. 2024 was A$8,978.9 Mil. Washington H Soul Pattinson's debt to equity for the quarter that ended in Jan. 2024 was 0.07.

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 Washington H Soul Pattinson's Debt-to-Equity or its related term are showing as below:

ASX:SOL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.29
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Washington H Soul Pattinson was 0.29. The lowest was 0.01. And the median was 0.05.

ASX:SOL's Debt-to-Equity is ranked better than
76.44% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs ASX:SOL: 0.07

Washington H Soul Pattinson Debt-to-Equity Historical Data

The historical data trend for Washington H Soul Pattinson'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.

Washington H Soul Pattinson Debt-to-Equity Chart

Washington H Soul Pattinson Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

Get a 7-Day Free Trial

0.11

0.23

0.29

0.07

0.05

Washington H Soul Pattinson Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.07	0.04	0.05	0.07

Competitive Comparison of Washington H Soul Pattinson's Debt-to-Equity

For the Capital Markets subindustry, Washington H Soul Pattinson'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.

Washington H Soul Pattinson's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Washington H Soul Pattinson's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Washington H Soul Pattinson's Debt-to-Equity falls into.

Washington H Soul Pattinson Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Washington H Soul Pattinson's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(232.913	+	204.022)	/	8721.872
	=	0.05

Washington H Soul Pattinson's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(154.01	+	482.712)	/	8978.925
	=	0.07

Washington H Soul Pattinson (ASX:SOL) 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.

Washington H Soul Pattinson Debt-to-Equity Related Terms

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

Washington H Soul Pattinson (ASX:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Washington H Soul Pattinson & Co Ltd (ASX:SOL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WD3:Germany

Address

151 Clarence Street, Level 14, Sydney, NSW, AUS, 2000

Website

https://www.whsp.com.au

Washington H. Soul Pattinson, or Soul Patts, is a value-oriented investment house which invests in both public and private markets. As an investor, Soul Patts allocates capital with a view to taking a long-term position in its investments and on a passive basis. Long-term holdings in the group's three largest investments—TPG Telecom, Brickworks and New Hope Corporation—contribute more than half of the group's circa AUD 11 billion investment net asset value. A cross-shareholding between Soul Patts and Brickworks was established in the 1960s.