Deneb Investments (JSE:DNB) Debt-to-Equity : 0.72 (As of Sep. 2023)

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What is Deneb Investments Debt-to-Equity?

Deneb Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R366 Mil. Deneb Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R914 Mil. Deneb Investments's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R1,782 Mil. Deneb Investments's debt to equity for the quarter that ended in Sep. 2023 was 0.72.

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

JSE:DNB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.6 Max: 0.88
Current: 0.72

During the past 10 years, the highest Debt-to-Equity Ratio of Deneb Investments was 0.88. The lowest was 0.31. And the median was 0.60.

JSE:DNB's Debt-to-Equity is ranked worse than
58.05% of 472 companies
in the Conglomerates industry
Industry Median: 0.56 vs JSE:DNB: 0.72

Deneb Investments Debt-to-Equity Historical Data

The historical data trend for Deneb Investments'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.

Deneb Investments Debt-to-Equity Chart

Deneb Investments Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.76

0.59

0.51

0.60

Deneb Investments Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.63	0.51	0.64	0.60	0.72

Competitive Comparison of Deneb Investments's Debt-to-Equity

For the Conglomerates subindustry, Deneb Investments'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.

Deneb Investments's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Deneb Investments's Debt-to-Equity distribution charts can be found below:

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

Deneb Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Deneb Investments's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(152.9	+	923.74)	/	1781.557
	=	0.60

Deneb Investments's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(365.991	+	913.708)	/	1781.967
	=	0.72

Deneb Investments (JSE:DNB) 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.

Deneb Investments Debt-to-Equity Related Terms

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

Deneb Investments (JSE:DNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Deneb Investments Ltd (JSE:DNB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Main and Browning Roads, 5th Floor, Deneb House, Observatory, Cape Town, WC, ZAF, 7925

Website

https://www.deneb.co.za

Deneb Investments Ltd is a diversified investment company operating in southern Africa. The company's operating segment includes Property; Industrial Product Manufacturing; Automotive Parts Manufacturing; and Branded Product Distribution. Industrial Product Manufacturing and Branded Product Distribution segments together contribute to the majority of the revenue. Its geographical segments include South Africa, Other African countries, Asia, Europe, North America and South America, of which the majority of the revenue is generated from South Africa.