Name: Financial Leverage

Definition: Financial leverage tells you how much borrowed money the company uses to boost its size and profits. Using leverage can help a business grow faster, but it also increases pressure if sales slow down. Moderate leverage is common and often healthy. Excessive leverage can be dangerous, especially during tough economic times.

Interpretation:
• In '2021', ASGI's financial leverage was 1.00, indicating how much debt is used to finance assets. Industry average for Investment Managers in '2021' stood at 1.87.
• In '2021', ASGI's financial leverage was 1.00, indicating how much debt is used to finance assets. The figure remained stable compared to '2021'. Industry average for Investment Managers in '2021' stood at 1.87. Industry average remained unchanged from prior year.
• In '2022', ASGI's financial leverage was 1.01, indicating how much debt is used to finance assets. The increase compared to '2021' may signal growing financial pressure. Industry average for Investment Managers in '2022' stood at 1.78. Industry average declined by 0.09 from previous year.
• In '2023', ASGI's financial leverage was 1.01, indicating how much debt is used to finance assets. The increase compared to '2022' may signal growing financial pressure. Industry average for Investment Managers in '2023' stood at 1.67. Industry average declined by 0.10 from previous year.
• In '2023', ASGI's financial leverage was 1.01, indicating how much debt is used to finance assets. The figure remained stable compared to '2023'. Industry average for Investment Managers in '2023' stood at 1.67. Industry average remained unchanged from prior year.
Overall, ASGI's financial leverage has remained generally stable over the past 5 years.

Formula: Financial Leverage = Average Total Assets / Average Shareholders' Equity

Good Range: 1 to 3 common; above 3 may indicate high leverage risk.