Good Drinks Australia (ASX:GDA) Debt-to-Equity : 0.83 (As of Dec. 2023)

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What is Good Drinks Australia Debt-to-Equity?

Good Drinks Australia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$30.2 Mil. Good Drinks Australia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$23.6 Mil. Good Drinks Australia's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$65.3 Mil. Good Drinks Australia's debt to equity for the quarter that ended in Dec. 2023 was 0.82.

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 Good Drinks Australia's Debt-to-Equity or its related term are showing as below:

ASX:GDA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.54 Max: 0.83
Current: 0.83

During the past 13 years, the highest Debt-to-Equity Ratio of Good Drinks Australia was 0.83. The lowest was 0.08. And the median was 0.54.

ASX:GDA's Debt-to-Equity is ranked worse than
71.27% of 181 companies
in the Beverages - Alcoholic industry
Industry Median: 0.38 vs ASX:GDA: 0.83

Good Drinks Australia Debt-to-Equity Historical Data

The historical data trend for Good Drinks Australia'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.

Good Drinks Australia Debt-to-Equity Chart

Good Drinks Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.45

0.39

0.61

0.70

Good Drinks Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.56	0.61	0.80	0.70	0.83

Competitive Comparison of Good Drinks Australia's Debt-to-Equity

For the Beverages - Brewers subindustry, Good Drinks Australia'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.

Good Drinks Australia's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Good Drinks Australia's Debt-to-Equity distribution charts can be found below:

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

Good Drinks Australia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Good Drinks Australia'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
	=	(21.196	+	23.728)	/	64.019
	=	0.70

Good Drinks Australia'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
	=	(30.213	+	23.643)	/	65.317
	=	0.82

Good Drinks Australia (ASX:GDA) 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.

Good Drinks Australia Debt-to-Equity Related Terms

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Good Drinks Australia (ASX:GDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Good Drinks Australia Ltd (ASX:GDA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Absolon Street, Palmyra, Perth, WA, AUS, 6157

Website

https://www.gooddrinks.com.au

Good Drinks Australia Ltd is an Australia-based company operating in two segments; Core Business; the manufacturing, marketing, and selling of own branded beer, cider, and other beverages, and Hospitality; the operating of hospitality venues. The company offers its products under Gage Roads, Matso's, Alby, Atomic beer project, Hello sunshine, and San Miguel brand names.

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