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DEO (Diageo) Debt-to-Equity : 2.20 (As of Jun. 2024)


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What is Diageo Debt-to-Equity?

Diageo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $2,980 Mil. Diageo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $19,125 Mil. Diageo's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $10,032 Mil. Diageo's debt to equity for the quarter that ended in Jun. 2024 was 2.20.

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

DEO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.9   Med: 1.79   Max: 2.55
Current: 2.2

During the past 13 years, the highest Debt-to-Equity Ratio of Diageo was 2.55. The lowest was 0.90. And the median was 1.79.

DEO's Debt-to-Equity is ranked worse than
92.74% of 179 companies
in the Beverages - Alcoholic industry
Industry Median: 0.42 vs DEO: 2.20

Diageo Debt-to-Equity Historical Data

The historical data trend for Diageo'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.

Diageo Debt-to-Equity Chart

Diageo Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.55 2.19 2.06 2.17 2.20

Diageo Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.06 2.16 2.17 2.19 2.20

Competitive Comparison of Diageo's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Diageo'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.


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

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

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



Diageo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Diageo's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Diageo's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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.


Diageo  (NYSE:DEO) 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.


Diageo Debt-to-Equity Related Terms

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


Diageo Business Description

Address
16 Great Marlborough Street, London, GBR, W1F 7HS
The product of a merger between Grand Metropolitan and Guinness in 1997, Diageo is one of the world's leading producers of branded premium spirits, approximately level with Kweichow Moutai in revenue terms. It also produces and markets beer and wine. Brands include Johnnie Walker blended scotch, Smirnoff vodka, Crown Royal Canadian whiskey, Captain Morgan rum, Casamigos tequila, Tanqueray gin, Baileys Irish Cream, and Guinness stout. Diageo also owns 34% of premium champagne and cognac maker Moet Hennessy, a subsidiary of French luxury goods maker LVMH Moet Hennessy-Louis Vuitton, and a near-56% stake in India's United Spirits.