Wide Open Agriculture (ASX:WOA) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is Wide Open Agriculture Debt-to-Equity?

Wide Open Agriculture's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.77 Mil. Wide Open Agriculture's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.56 Mil. Wide Open Agriculture's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$12.03 Mil. Wide Open Agriculture's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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 Wide Open Agriculture's Debt-to-Equity or its related term are showing as below:

ASX:WOA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.18 Max: 0.39
Current: 0.28

During the past 5 years, the highest Debt-to-Equity Ratio of Wide Open Agriculture was 0.39. The lowest was 0.04. And the median was 0.18.

ASX:WOA's Debt-to-Equity is ranked better than
60.32% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs ASX:WOA: 0.28

Wide Open Agriculture Debt-to-Equity Historical Data

The historical data trend for Wide Open Agriculture'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.

Wide Open Agriculture Debt-to-Equity Chart

Wide Open Agriculture Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.31

0.12

0.15

0.13

0.27

Wide Open Agriculture Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.07	0.13	0.17	0.27	0.28

Competitive Comparison of Wide Open Agriculture's Debt-to-Equity

For the Packaged Foods subindustry, Wide Open Agriculture'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.

Wide Open Agriculture's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Wide Open Agriculture Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wide Open Agriculture'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
	=	(0.63	+	2.082)	/	10.109
	=	0.27

Wide Open Agriculture'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
	=	(0.773	+	2.563)	/	12.034
	=	0.28

Wide Open Agriculture (ASX:WOA) 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.

Wide Open Agriculture Debt-to-Equity Related Terms

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

Wide Open Agriculture (ASX:WOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wide Open Agriculture Ltd (ASX:WOA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2WO:Germany

Address

1 Winton Street, Kewdale, WA, AUS, 6105

Website

https://www.wideopenagriculture.com.au

Wide Open Agriculture Ltd is an Australia-based regenerative food and agriculture company. The company is into the development of its farmland portfolio and its food brand, Dirty Clean Food, Buntine Protein, and Dirty Clean Food Oat Milk. The company generates the majority of its revenues from sales of Dirty Clean Food products.

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