Aisha Steel Mills (KAR:ASL) Debt-to-Equity : 1.15 (As of Mar. 2024)

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What is Aisha Steel Mills Debt-to-Equity?

Aisha Steel Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨15,748 Mil. Aisha Steel Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨2,534 Mil. Aisha Steel Mills's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₨15,915 Mil. Aisha Steel Mills's debt to equity for the quarter that ended in Mar. 2024 was 1.15.

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 Aisha Steel Mills's Debt-to-Equity or its related term are showing as below:

KAR:ASL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.91 Med: 1.91 Max: 4.46
Current: 1.15

During the past 13 years, the highest Debt-to-Equity Ratio of Aisha Steel Mills was 4.46. The lowest was 0.91. And the median was 1.91.

KAR:ASL's Debt-to-Equity is ranked worse than
82.85% of 554 companies
in the Steel industry
Industry Median: 0.4 vs KAR:ASL: 1.15

Aisha Steel Mills Debt-to-Equity Historical Data

The historical data trend for Aisha Steel Mills'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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Aisha Steel Mills Debt-to-Equity Chart

Aisha Steel Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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2.50

2.39

1.00

1.59

1.12

Aisha Steel Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.93	1.12	0.91	1.15	1.15

Competitive Comparison of Aisha Steel Mills's Debt-to-Equity

For the Steel subindustry, Aisha Steel Mills'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.

Aisha Steel Mills's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aisha Steel Mills's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Aisha Steel Mills's Debt-to-Equity falls into.

Aisha Steel Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aisha Steel Mills'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
	=	(14036.167	+	3584.719)	/	15691.715
	=	1.12

Aisha Steel Mills's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(15748.271	+	2533.66)	/	15914.969
	=	1.15

Aisha Steel Mills (KAR:ASL) 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.

Aisha Steel Mills Debt-to-Equity Related Terms

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Aisha Steel Mills (KAR:ASL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aisha Steel Mills Ltd (KAR:ASL) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ASLPS.PFD:Pakistan

Address

23 M.T. Khan Road, 1st Floor, Arif Habib Center, Karachi, SD, PAK, 74000

Website

https://www.aishasteel.com

Aisha Steel Mills Ltd is involved in manufacturing and selling cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan. Its product offerings include hot-dipped galvanized steel coils, cold-rolled steel coils, and others. The company geographically operates in Pakistan, North America, Middle East, Europe, Asia and Africa. The majority of revenue is derived from Pakistan.

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