Ashtrom Group (XTAE:ASHG) Debt-to-Equity : 3.00 (As of Dec. 2023)

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What is Ashtrom Group Debt-to-Equity?

Ashtrom Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪2,987 Mil. Ashtrom Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪11,260 Mil. Ashtrom Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪4,742 Mil. Ashtrom Group's debt to equity for the quarter that ended in Dec. 2023 was 3.00.

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

XTAE:ASHG' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.19 Med: 3.62 Max: 4.17
Current: 3

During the past 12 years, the highest Debt-to-Equity Ratio of Ashtrom Group was 4.17. The lowest was 2.19. And the median was 3.62.

XTAE:ASHG's Debt-to-Equity is ranked worse than
90.79% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs XTAE:ASHG: 3.00

Ashtrom Group Debt-to-Equity Historical Data

The historical data trend for Ashtrom 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.

Ashtrom Group Debt-to-Equity Chart

Ashtrom Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.45

2.62

2.31

2.19

3.00

Ashtrom Group 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															2.19	2.54	2.58	2.67	3.00

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

For the Real Estate - Development subindustry, Ashtrom 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.

Ashtrom Group's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ashtrom Group's Debt-to-Equity distribution charts can be found below:

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

Ashtrom Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ashtrom Group'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
	=	(2986.96	+	11259.538)	/	4741.882
	=	3.00

Ashtrom Group'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
	=	(2986.96	+	11259.538)	/	4741.882
	=	3.00

Ashtrom Group (XTAE:ASHG) 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.

Ashtrom Group Debt-to-Equity Related Terms

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Ashtrom Group (XTAE:ASHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ashtrom Group Ltd (XTAE:ASHG) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

10 Kremnicki Street, Tel Aviv, ISR, 6789910

Website

http://www.ashtrom.co.il

Ashtrom Group Ltd operates as a construction company engaged in construction of residential and commercial properties. The company constructs office buildings, commercial centres, industrial buildings and hotels, among others. It is also engaged in the production, marketing, and sale of materials for the construction industries.