Raiz Invest (ASX:RZI) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Raiz Invest Debt-to-Equity?

Raiz Invest's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.34 Mil. Raiz Invest's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.01 Mil. Raiz Invest's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$37.92 Mil. Raiz Invest's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Raiz Invest's Debt-to-Equity or its related term are showing as below:

ASX:RZI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.03
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Raiz Invest was 0.03. The lowest was 0.01. And the median was 0.02.

ASX:RZI's Debt-to-Equity is ranked better than
99.84% of 608 companies
in the Capital Markets industry
Industry Median: 0.38 vs ASX:RZI: 0.01

Raiz Invest Debt-to-Equity Historical Data

The historical data trend for Raiz Invest'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.

Raiz Invest Debt-to-Equity Chart

Raiz Invest Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.02

0.01

0.02

Raiz Invest Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.02	0.02	0.02	0.02	0.01

Competitive Comparison of Raiz Invest's Debt-to-Equity

For the Capital Markets subindustry, Raiz Invest'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.

Raiz Invest's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Raiz Invest Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Raiz Invest'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
	=	(0.49	+	0.147)	/	41.438
	=	0.02

Raiz Invest'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
	=	(0.344	+	0.01)	/	37.921
	=	0.01

Raiz Invest (ASX:RZI) 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.

Raiz Invest Debt-to-Equity Related Terms

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

Raiz Invest (ASX:RZI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Bulletin Place, Level 11, Sydney, NSW, AUS, 2000

Website

https://www.raizinvest.com.au

Raiz Invest Ltd provides financial services and products through its mobile first micro-investing platform which offers its customers an easy way to regularly invest either small or large amounts of money using the Raiz mobile application or through the Raiz website in Australia, Indonesia, and Malaysia. The company's operating segment includes Raiz Invest Micro Investing Platform and Other Financial Services. It generates maximum revenue from the Raiz Invest Micro Investing Platform segment.

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