Alaris Equity Partnersome Trust (TSX:AD.UN) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is Alaris Equity Partnersome Trust Debt-to-Equity?

Alaris Equity Partnersome Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$97.9 Mil. Alaris Equity Partnersome Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$305.5 Mil. Alaris Equity Partnersome Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$960.8 Mil. Alaris Equity Partnersome Trust's debt to equity for the quarter that ended in Dec. 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 Alaris Equity Partnersome Trust's Debt-to-Equity or its related term are showing as below:

TSX:AD.UN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.39 Max: 0.62
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Alaris Equity Partnersome Trust was 0.62. The lowest was 0.07. And the median was 0.39.

TSX:AD.UN's Debt-to-Equity is ranked worse than
68.47% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs TSX:AD.UN: 0.42

Alaris Equity Partnersome Trust Debt-to-Equity Historical Data

The historical data trend for Alaris Equity Partnersome Trust'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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Alaris Equity Partnersome Trust Debt-to-Equity Chart

Alaris Equity Partnersome Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.62

0.52

0.53

0.42

Alaris Equity Partnersome Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.34	0.39	0.44	0.42

Competitive Comparison of Alaris Equity Partnersome Trust's Debt-to-Equity

For the Asset Management subindustry, Alaris Equity Partnersome Trust'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.

Alaris Equity Partnersome Trust's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Alaris Equity Partnersome Trust's Debt-to-Equity falls into.

Alaris Equity Partnersome Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alaris Equity Partnersome Trust's Debt to Equity Ratio for the fiscal year 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
	=	(97.917	+	305.471)	/	960.823
	=	0.42

Alaris Equity Partnersome Trust'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
	=	(97.917	+	305.471)	/	960.823
	=	0.42

Alaris Equity Partnersome Trust (TSX:AD.UN) 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.

Alaris Equity Partnersome Trust Debt-to-Equity Related Terms

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

Alaris Equity Partnersome Trust (TSX:AD.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alaris Equity Partners Income Trust (TSX:AD.UN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ADLRF:USA

Address

250, 333 - 24th Avenue South West, Calgary, AB, CAN, T2S 3E6

Website

https://www.alarisequitypartners.com

Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies (Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner's common equity position.

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