AVADA Group (ASX:AVD) Debt-to-Equity : 0.78 (As of Dec. 2023)

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What is AVADA Group Debt-to-Equity?

AVADA Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5.3 Mil. AVADA Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$39.4 Mil. AVADA Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$57.1 Mil. AVADA Group's debt to equity for the quarter that ended in Dec. 2023 was 0.78.

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

ASX:AVD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.76 Max: 1
Current: 0.78

During the past 3 years, the highest Debt-to-Equity Ratio of AVADA Group was 1.00. The lowest was 0.18. And the median was 0.76.

ASX:AVD's Debt-to-Equity is ranked worse than
68.66% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs ASX:AVD: 0.78

AVADA Group Debt-to-Equity Historical Data

The historical data trend for AVADA 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.

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AVADA Group Debt-to-Equity Chart

AVADA Group Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.05

0.29

1.00

AVADA Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.18	0.29	0.76	1.00	0.78

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

For the Infrastructure Operations subindustry, AVADA 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.

AVADA Group's Debt-to-Equity Distribution in the Construction Industry

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

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

AVADA Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AVADA Group'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
	=	(4.059	+	42.602)	/	46.458
	=	1.00

AVADA 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
	=	(5.328	+	39.437)	/	57.128
	=	0.78

AVADA Group (ASX:AVD) 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.

AVADA Group Debt-to-Equity Related Terms

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AVADA Group (ASX:AVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVADA Group Ltd (ASX:AVD) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

116 Ipswich Road, Suite 1, Level 2, Woolloongabba, QLD, AUS, 4102

Website

https://www.avadagroup.com.au

AVADA Group Ltd is an Australian traffic management operator and ancillary service provider with an established network throughout Queensland and New South Wales. The group has two reportable segments: Queensland Traffic Management and New South Wales Traffic Management. Queensland Traffic Management is the key revenue generator for the group. It provides services to government clients and major contractors in the civil infrastructure and maintenance sector.