WAM Microcap (ASX:WMI) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is WAM Microcap Debt-to-Equity?

WAM Microcap's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. WAM Microcap's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. WAM Microcap's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$275.95 Mil. WAM Microcap'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 Microcap's Debt-to-Equity or its related term are showing as below:

ASX:WMI'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 Microcap Debt-to-Equity Historical Data

The historical data trend for WAM Microcap'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 Microcap Debt-to-Equity Chart

WAM Microcap Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

WAM Microcap Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of WAM Microcap's Debt-to-Equity

For the Asset Management subindustry, WAM Microcap'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 Microcap's Debt-to-Equity Distribution in the Asset Management Industry

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

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

WAM Microcap Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WAM Microcap'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)	/	275.816
	=	0.00

WAM Microcap'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)	/	275.945
	=	0.00

WAM Microcap (ASX:WMI) 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 Microcap Debt-to-Equity Related Terms

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WAM Microcap (ASX:WMI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.wilsonassetmanagement.com.au

WAM Microcap Ltd is an asset management company based in Australia. The company engages in investing activities, including cash, term deposits and equity investments. The principal activity of the Company is making investments in listed companies. Its investment objectives are to deliver a stream of fully franked dividends; to provide capital growth, and to preserve capital.

WAM Microcap (ASX:WMI) Headlines

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