Argo Investments (ASX:ARG) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Argo Investments Debt-to-Equity?

Argo Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. Argo Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. Argo Investments's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$6,179.6 Mil. Argo Investments's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Argo Investments's Debt-to-Equity or its related term are showing as below:

ASX:ARG's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Argo Investments Debt-to-Equity Historical Data

The historical data trend for Argo Investments'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.

Argo Investments Debt-to-Equity Chart

Argo Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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Argo Investments 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															-	-	-	-	-

Competitive Comparison of Argo Investments's Debt-to-Equity

For the Asset Management subindustry, Argo Investments'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.

Argo Investments's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Argo Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Argo Investments'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	+	0)	/	5997.911
	=	0.00

Argo Investments'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
	=	(0	+	0)	/	6179.596
	=	0.00

Argo Investments (ASX:ARG) 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.

Argo Investments Debt-to-Equity Related Terms

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Argo Investments (ASX:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Argo Investments Ltd (ASX:ARG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

91 King William Street, Level 25, Adelaide, SA, AUS, 5000

Website

https://www.argoinvestments.com.au

Argo Investments Ltd is an investment company based in Australia. Its core operations focus on portfolio management with the objective of seeking long-term returns. Its revenues are generated from the receipt of dividends, interest and other income which are a result of its investing operations. It also derives income from interest earned on cash deposits, income from writing exchange-traded options and a small amount of share trading activity. Argo's investment portfolio comprises various sectors, such as healthcare, utilities, consumer discretionary, industrials, energy, banks, materials, telecommunication services and information technology and property trusts.

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