Mighty Craft (ASX:MCL) Debt-to-Equity : 1.86 (As of Dec. 2023)

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What is Mighty Craft Debt-to-Equity?

Mighty Craft's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$22.67 Mil. Mighty Craft's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5.03 Mil. Mighty Craft's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$14.90 Mil. Mighty Craft's debt to equity for the quarter that ended in Dec. 2023 was 1.86.

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 Mighty Craft's Debt-to-Equity or its related term are showing as below:

ASX:MCL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.49 Max: 1.86
Current: 1.86

During the past 5 years, the highest Debt-to-Equity Ratio of Mighty Craft was 1.86. The lowest was 0.12. And the median was 0.49.

ASX:MCL's Debt-to-Equity is ranked worse than
92.78% of 180 companies
in the Beverages - Alcoholic industry
Industry Median: 0.385 vs ASX:MCL: 1.86

Mighty Craft Debt-to-Equity Historical Data

The historical data trend for Mighty Craft'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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Mighty Craft Debt-to-Equity Chart

Mighty Craft Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.39

0.83

0.47

0.49

Mighty Craft Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.42	0.47	0.65	0.49	1.86

Competitive Comparison of Mighty Craft's Debt-to-Equity

For the Beverages - Brewers subindustry, Mighty Craft'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.

Mighty Craft's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

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

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

Mighty Craft Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mighty Craft'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
	=	(1.123	+	31.797)	/	66.65
	=	0.49

Mighty Craft'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
	=	(22.67	+	5.033)	/	14.897
	=	1.86

Mighty Craft (ASX:MCL) 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.

Mighty Craft Debt-to-Equity Related Terms

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Mighty Craft (ASX:MCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Mighty Craft Ltd (ASX:MCL) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

26 Cato Street, Hawthorn East, VIC, AUS, 3123

Website

https://www.mightycraft.com.au

Mighty Craft Ltd is engaged in craft brewery and distillery businesses. The company provides beers, spirits, ready to serve drinks, and apple cider.

Mighty Craft (ASX:MCL) Headlines

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