TasFoods (ASX:TFL) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is TasFoods Debt-to-Equity?

TasFoods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.62 Mil. TasFoods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$4.25 Mil. TasFoods's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$17.58 Mil. TasFoods's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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

ASX:TFL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.19 Max: 0.42
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of TasFoods was 0.42. The lowest was 0.03. And the median was 0.19.

ASX:TFL's Debt-to-Equity is ranked better than
51.94% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs ASX:TFL: 0.39

TasFoods Debt-to-Equity Historical Data

The historical data trend for TasFoods'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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TasFoods Debt-to-Equity Chart

TasFoods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.32

0.42

0.39

TasFoods 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															0.32	0.28	0.42	0.61	0.39

Competitive Comparison of TasFoods's Debt-to-Equity

For the Packaged Foods subindustry, TasFoods'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.

TasFoods's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

TasFoods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TasFoods'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
	=	(2.616	+	4.254)	/	17.575
	=	0.39

TasFoods'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
	=	(2.616	+	4.254)	/	17.575
	=	0.39

TasFoods (ASX:TFL) 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.

TasFoods Debt-to-Equity Related Terms

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

TasFoods (ASX:TFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TasFoods Ltd (ASX:TFL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

52-54 Tamar Street, Launceston, TAS, AUS, 7250

Website

https://www.tasfoods.com.au

TasFoods Ltd is an Australian company that engages in the processing, manufacture, and sale of Tasmanian-made products. It operates through the following segments - The Dairy segment operates the Meander Valley Dairy, Betta milk, and Pyengana Dairy businesses; The Poultry segment focuses on the operations of Nichols Poultry Pty Ltd; The Corporate and Other segment comprises administrative support to the operational production units in the areas of financial management, human resources, sales, marketing, and food safety, and work health and safety. The firm generates maximum revenue from the Poultry segment.

TasFoods (ASX:TFL) Headlines

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