MacroAsia (PHS:MAC) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is MacroAsia Debt-to-Equity?

MacroAsia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱470 Mil. MacroAsia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱2,563 Mil. MacroAsia's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₱6,220 Mil. MacroAsia's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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

PHS:MAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.5 Max: 0.89
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of MacroAsia was 0.89. The lowest was 0.01. And the median was 0.50.

PHS:MAC's Debt-to-Equity is ranked better than
54.6% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs PHS:MAC: 0.49

MacroAsia Debt-to-Equity Historical Data

The historical data trend for MacroAsia'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.

MacroAsia Debt-to-Equity Chart

MacroAsia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.56

0.76

0.77

0.61

0.51

MacroAsia 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															0.61	0.57	0.53	0.51	0.49

Competitive Comparison of MacroAsia's Debt-to-Equity

For the Airports & Air Services subindustry, MacroAsia'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.

MacroAsia's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MacroAsia's Debt-to-Equity distribution charts can be found below:

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

MacroAsia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MacroAsia'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
	=	(603.482	+	2528.102)	/	6125.091
	=	0.51

MacroAsia'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
	=	(469.573	+	2562.845)	/	6219.766
	=	0.49

MacroAsia (PHS:MAC) 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.

MacroAsia Debt-to-Equity Related Terms

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

MacroAsia (PHS:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MacroAsia Corp (PHS:MAC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6754 Ayala Avenue, 12th Floor, PNB Allied Bank Center, Makati City, PHL, 1226

Website

https://www.macroasiacorp.com

MacroAsia Corp engages in providing aviation-support businesses at the Ninoy Aquino International Airport, Manila Domestic Airport, Mactan-Cebu International Airport, Kalibo International Airport, Davao International Airport, and the General Aviation Area. It provides in-flight catering services, ground handling services for passenger and cargo aircraft, and helicopter charter flight services. Its segments are In-flight and other catering segments, Ground handling and aviation segment, Administrative segment, Charter flights segment, Mining segment, Water treatment and distribution segment, and Maintenance, repairs, and overhaul segment.