Wellnex Life (ASX:WNX) Debt-to-Equity : 1.23 (As of Dec. 2023)

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What is Wellnex Life Debt-to-Equity?

Wellnex Life's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.29 Mil. Wellnex Life's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5.72 Mil. Wellnex Life's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$6.51 Mil. Wellnex Life's debt to equity for the quarter that ended in Dec. 2023 was 1.23.

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

ASX:WNX' s Debt-to-Equity Range Over the Past 10 Years
Min: -37.38 Med: 0.38 Max: 11.7
Current: 1.23

During the past 7 years, the highest Debt-to-Equity Ratio of Wellnex Life was 11.70. The lowest was -37.38. And the median was 0.38.

ASX:WNX's Debt-to-Equity is ranked worse than
83.07% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs ASX:WNX: 1.23

Wellnex Life Debt-to-Equity Historical Data

The historical data trend for Wellnex Life'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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Wellnex Life Debt-to-Equity Chart

Wellnex Life Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.04

0.26

-37.38

1.80

11.70

Wellnex Life Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.51	1.80	0.87	11.70	1.23

Competitive Comparison of Wellnex Life's Debt-to-Equity

For the Packaged Foods subindustry, Wellnex Life'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.

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

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

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

Wellnex Life Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wellnex Life'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
	=	(6.898	+	0.052)	/	0.594
	=	11.70

Wellnex Life'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
	=	(2.289	+	5.723)	/	6.514
	=	1.23

Wellnex Life (ASX:WNX) 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.

Wellnex Life Debt-to-Equity Related Terms

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Wellnex Life (ASX:WNX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

22W0:Germany

Address

574 Plummer Street, Building 2, Level 3, Suite 69, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.wattlehealth.com.au

Wellnex Life Ltd is a health and wellness company which is engaged in developing health and wellness products. It offers products including nutritional food products, natural baby skincare range, and nutritional health supplement range. The company offers its products through brands such as The Iron Company, Mr Bright, Nighty Night and others.

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