WAM Active (ASX:WAA) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is WAM Active Debt-to-Equity?

WAM Active's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. WAM Active's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. WAM Active's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$65.29 Mil. WAM Active'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 WAM Active's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of WAM Active was 0.07. The lowest was 0.00. And the median was 0.02.

ASX:WAA'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.

WAM Active Debt-to-Equity Historical Data

The historical data trend for WAM Active'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.

WAM Active Debt-to-Equity Chart

WAM Active Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.02

WAM Active 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 WAM Active's Debt-to-Equity

For the Asset Management subindustry, WAM Active'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.

WAM Active's Debt-to-Equity Distribution in the Asset Management Industry

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

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

WAM Active Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WAM Active'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)	/	63.171
	=	0.00

WAM Active'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)	/	65.293
	=	0.00

WAM Active (ASX:WAA) 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.

WAM Active Debt-to-Equity Related Terms

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

WAM Active (ASX:WAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » WAM Active Ltd (ASX:WAA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Governor Phillip Tower, Level 26, 1 Farrer Place, Sydney, NSW, AUS, 2000

Website

https://www.wilsonassetmanagement.com.au

WAM Active Ltd is an asset management company. Its principal activity is making investments in listed companies. Its investment objectives are to deliver investors a regular income stream in the form of fully franked dividends; provide investors with a positive return, after fees, along with low volatility over most periods; and preserve capital in both the short term and long term.

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