Name: Debt to Equity

Definition: Debt to equity shows how much debt the company uses compared to the amount invested by its owners. It’s a bit like comparing your mortgage to your house down payment. Higher ratios suggest the business is comfortable borrowing to grow — which can boost returns in good times, but adds risk if conditions worsen. Lower ratios signal a more conservative, steady approach.

Interpretation:
• In '2021', ETG's debt to equity was 0.21, showing the balance between debt financing and shareholders' equity. Industry average for Investment Managers in '2021' stood at 0.66.
• In '2022', ETG's debt to equity was 0.30, showing the balance between debt financing and shareholders' equity. The increase compared to '2021' may signal growing financial pressure. Industry average for Investment Managers in '2022' stood at 0.75. Industry average increased by 0.09 compared to previous year.
• In '2023', ETG's debt to equity was 0.29, showing the balance between debt financing and shareholders' equity. The decrease since '2022' reflects improving financial health. Industry average for Investment Managers in '2023' stood at 0.91. Industry average increased by 0.16 compared to previous year.
• In '2024', ETG's debt to equity was 0.24, showing the balance between debt financing and shareholders' equity. The decrease since '2023' reflects improving financial health. Industry average for Investment Managers in '2024' stood at 0.57. Industry average declined by 0.35 from previous year.
Overall, ETG's debt to equity has been volatile but showed an upward trend over the past 4 years.

Formula: Debt to Equity = Total Debt / Shareholders' Equity

Good Range: Below 1.0 is conservative; 1-2 is common depending on industry.