OFX Group (ASX:OFX) Debt-to-Equity : 0.42 (As of Sep. 2023)

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

What is OFX Group Debt-to-Equity?

OFX Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$54.7 Mil. OFX Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$13.3 Mil. OFX Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was A$161.0 Mil. OFX Group's debt to equity for the quarter that ended in Sep. 2023 was 0.42.

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

ASX:OFX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.26 Max: 0.62
Current: 0.42

During the past 10 years, the highest Debt-to-Equity Ratio of OFX Group was 0.62. The lowest was 0.08. And the median was 0.26.

ASX:OFX's Debt-to-Equity is ranked worse than
52.63% of 608 companies
in the Capital Markets industry
Industry Median: 0.375 vs ASX:OFX: 0.42

OFX Group Debt-to-Equity Historical Data

The historical data trend for OFX 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.

OFX Group Debt-to-Equity Chart

OFX Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.28

0.21

0.08

0.55

OFX Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.08	0.62	0.55	0.42

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

For the Capital Markets subindustry, OFX 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.

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

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

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

OFX Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OFX Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(14.107	+	65.035)	/	144.11
	=	0.55

OFX Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(54.669	+	13.277)	/	160.957
	=	0.42

OFX Group (ASX:OFX) 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.

OFX Group Debt-to-Equity Related Terms

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

OFX Group (ASX:OFX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Margaret Street, Level 19, Sydney, NSW, AUS, 2000

Website

https://www.ofx.com

OFX Group Ltd is a low-cost international multicurrency payments provider via its online platform and network of global bank accounts. The company's two products are international payment services and international payment solutions. Its International payment services are monitored by geographic region and provide bank to bank currency transfers servicing businesses and consumers. International payment solutions are monitored globally and provide strategic partners with a package which includes: OFX IT platform; client service; compliance; banking relationships; and payment capabilities.

OFX Group (ASX:OFX) Headlines

No Headlines