Finexia Financial Group (ASX:FNX) Debt-to-Equity : 4.73 (As of Dec. 2023)

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What is Finexia Financial Group Debt-to-Equity?

Finexia Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Finexia Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$76.85 Mil. Finexia Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$16.25 Mil. Finexia Financial Group's debt to equity for the quarter that ended in Dec. 2023 was 4.73.

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

ASX:FNX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.37 Max: 5.68
Current: 4.73

During the past 13 years, the highest Debt-to-Equity Ratio of Finexia Financial Group was 5.68. The lowest was 0.08. And the median was 0.37.

ASX:FNX's Debt-to-Equity is ranked worse than
96.22% of 609 companies
in the Capital Markets industry
Industry Median: 0.35 vs ASX:FNX: 4.73

Finexia Financial Group Debt-to-Equity Historical Data

The historical data trend for Finexia Financial 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.

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Finexia Financial Group Debt-to-Equity Chart

Finexia Financial Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.28

0.37

3.34

4.70

3.48

Finexia Financial 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															3.36	4.70	5.68	3.48	4.73

Competitive Comparison of Finexia Financial Group's Debt-to-Equity

For the Capital Markets subindustry, Finexia Financial 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.

Finexia Financial Group's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Finexia Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Finexia Financial 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
	=	(20.692	+	37.45)	/	16.725
	=	3.48

Finexia Financial 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
	=	(0.026	+	76.846)	/	16.253
	=	4.73

Finexia Financial Group (ASX:FNX) 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.

Finexia Financial Group Debt-to-Equity Related Terms

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Finexia Financial Group (ASX:FNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Finexia Financial Group Ltd (ASX:FNX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

264 George Street, Level 18, Australia Square Tower Building, Sydney, NSW, AUS, 2000

Website

https://www.finexia.com.au

Finexia Financial Group Ltd is a diversified financial services firm with operations in Australia. It provides a wide range of financial services including corporate advisory funds management and wealth management to retail, wholesale, and corporate clients. The company's operating segments include Stockbroking and Corporate Advisory, Funds and Asset Management, and Private Credit.