Metcash (Metcash) Debt-to-Equity : 1.29 (As of Oct. 2023)

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What is Metcash Debt-to-Equity?

Metcash's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $116 Mil. Metcash's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $814 Mil. Metcash's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $719 Mil. Metcash's debt to equity for the quarter that ended in Oct. 2023 was 1.29.

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

MHTLY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.58 Max: 1.39
Current: 1.29

During the past 13 years, the highest Debt-to-Equity Ratio of Metcash was 1.39. The lowest was 0.08. And the median was 0.58.

MHTLY's Debt-to-Equity is ranked worse than
72.83% of 276 companies
in the Retail - Defensive industry
Industry Median: 0.64 vs MHTLY: 1.29

Metcash Debt-to-Equity Historical Data

The historical data trend for Metcash'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.

Metcash Debt-to-Equity Chart

Metcash Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.15

0.79

0.81

1.23

1.39

Metcash Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															1.23	1.23	1.36	1.39	1.29

Competitive Comparison of Metcash's Debt-to-Equity

For the Food Distribution subindustry, Metcash'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.

Metcash's Debt-to-Equity Distribution in the Retail - Defensive Industry

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

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

Metcash Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Metcash's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(211.438	+	784.214)	/	718.127
	=	1.39

Metcash's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(116.307	+	813.706)	/	719.289
	=	1.29

Metcash (OTCPK:MHTLY) 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.

Metcash Debt-to-Equity Related Terms

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

Metcash (Metcash) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Metcash Ltd (OTCPK:MHTLY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MCSHF:USA MG9:Germany MTS:Australia

Address

1 Thomas Holt Drive, Macquarie Park, Sydney, NSW, AUS, 2113

Website

https://www.metcash.com

Metcash is a wholesale distribution and marketing company specialising in food, liquor, and hardware. Centralised wholesale distribution enables retailers to gain access to the combined scale of many retailers to negotiate material volume discounts.The food segment distributes of a range of products and services to independent supermarket and convenience stores. The hardware segment distributes hardware products to independent retail outlets and operates company-owned stores. The liquor segment distributes liquor products to independent retailers and pubs.