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Rare Foods Australia (ASX:RFA) Debt-to-Equity : 0.27 (As of Dec. 2023)


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What is Rare Foods Australia Debt-to-Equity?

Rare Foods Australia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.77 Mil. Rare Foods Australia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.70 Mil. Rare Foods Australia's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$9.19 Mil. Rare Foods Australia's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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

ASX:RFA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.04   Max: 0.27
Current: 0.27

During the past 6 years, the highest Debt-to-Equity Ratio of Rare Foods Australia was 0.27. The lowest was 0.01. And the median was 0.04.

ASX:RFA's Debt-to-Equity is ranked better than
62.26% of 1640 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs ASX:RFA: 0.27

Rare Foods Australia Debt-to-Equity Historical Data

The historical data trend for Rare Foods 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.

Rare Foods Australia Debt-to-Equity Chart

Rare Foods Australia Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial 0.01 0.05 0.04 0.09 0.13

Rare Foods Australia Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.09 0.09 0.13 0.27

Competitive Comparison of Rare Foods Australia's Debt-to-Equity

For the Farm Products subindustry, Rare Foods 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.


Rare Foods Australia's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Rare Foods Australia's Debt-to-Equity distribution charts can be found below:

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



Rare Foods Australia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rare Foods Australia's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Rare Foods Australia's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Rare Foods Australia  (ASX:RFA) 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.


Rare Foods Australia Debt-to-Equity Related Terms

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


Rare Foods Australia (ASX:RFA) Business Description

Traded in Other Exchanges
N/A
Address
Leeuwin Road, Lot 331 Augusta Boat Harbour, Augusta, WA, AUS, 6290
Rare Foods Australia Ltd is a commercial greenlip abalone sea ranching business in the waters of Flinders Bay, West Australia. Its products include Live Greenlip Abalone, Whole in Shell, Individual Quick Frozen, Gift Packs, Canned, Natural & Polished Shells. The group operates only in Australia.

Rare Foods Australia (ASX:RFA) Headlines

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