Brait (LUX:BRTOR) Debt-to-Equity : 0.37 (As of Sep. 2023)

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What is Brait Debt-to-Equity?

Brait's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.00 Mil. Brait's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €164.57 Mil. Brait's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €445.88 Mil. Brait's debt to equity for the quarter that ended in Sep. 2023 was 0.37.

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

LUX:BRTOR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.36 Max: 0.99
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Brait was 0.99. The lowest was 0.01. And the median was 0.36.

LUX:BRTOR's Debt-to-Equity is ranked worse than
64.69% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs LUX:BRTOR: 0.37

Brait Debt-to-Equity Historical Data

The historical data trend for Brait'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.

Brait Debt-to-Equity Chart

Brait Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.65

0.99

0.59

0.24

0.34

Brait 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	0.24	N/A	0.34	0.37

Competitive Comparison of Brait's Debt-to-Equity

For the Asset Management subindustry, Brait'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.

Brait's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Brait's Debt-to-Equity distribution charts can be found below:

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

Brait Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brait'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
	=	(0	+	159.848)	/	476.987
	=	0.34

Brait'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
	=	(0	+	164.568)	/	445.88
	=	0.37

Brait (LUX:BRTOR) 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.

Brait Debt-to-Equity Related Terms

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

Brait (LUX:BRTOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brait PLC (LUX:BRTOR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BAT:South Africa

Address

Barkly Wharf Le Caudan Waterfront, Suite 420, 4th Floor, Port Louis, MUS

Website

https://www.brait.com

Brait PLC is an investment holding company that previously transitioned from a private equity model. It makes investments in sizeable, unlisted businesses operating in the consumer sector. Its investment criteria include taking stakes in companies that make a material impact on Brait's earnings, have strong management, market position, product line, and a historical track record for profitable growth, all at a sensitive acquisition multiple. Brait measures performance by its net asset value's rolling compound annual growth rate over a three-year period. Revenue is almost exclusively derived from gains on the group's investment portfolio. A majority of its holdings are in South African companies, where the company is based.

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