DRA Global (ASX:DRA) Debt-to-Equity : 0.19 (As of Dec. 2023)

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What is DRA Global Debt-to-Equity?

DRA Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$23.8 Mil. DRA Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$26.2 Mil. DRA Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$257.7 Mil. DRA Global's debt to equity for the quarter that ended in Dec. 2023 was 0.19.

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

ASX:DRA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.26 Max: 0.33
Current: 0.19

During the past 4 years, the highest Debt-to-Equity Ratio of DRA Global was 0.33. The lowest was 0.19. And the median was 0.26.

ASX:DRA's Debt-to-Equity is ranked better than
69.91% of 1522 companies
in the Construction industry
Industry Median: 0.44 vs ASX:DRA: 0.19

DRA Global Debt-to-Equity Historical Data

The historical data trend for DRA Global'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.

DRA Global Debt-to-Equity Chart

DRA Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.26

0.27

0.33

0.19

DRA Global Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.27	0.22	0.33	0.24	0.19

Competitive Comparison of DRA Global's Debt-to-Equity

For the Engineering & Construction subindustry, DRA Global'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.

DRA Global's Debt-to-Equity Distribution in the Construction Industry

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

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

DRA Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DRA Global'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
	=	(23.756	+	26.175)	/	257.695
	=	0.19

DRA Global'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
	=	(23.756	+	26.175)	/	257.695
	=	0.19

DRA Global (ASX:DRA) 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.

DRA Global Debt-to-Equity Related Terms

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

DRA Global (ASX:DRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » DRA Global Ltd (ASX:DRA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DRA:South Africa

Address

256 Adelaide Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.draglobal.com

DRA Global Ltd is a diversified global engineering, project delivery, and operations management group. It provides engineering excellence through all stages of the project life cycle from concept through delivery, commissioning, operations, and rehabilitation. DRA has expertise in mining, minerals and metals processing, and related non-process infrastructure, including ESG, water, and energy solutions for the mining industry. Some of its projects are Elikhulu Gold, Yangibana Rare Earths Project, and Northam Platinum among others.

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