First Resources (SGX:EB5) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is First Resources Debt-to-Equity?

First Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$149 Mil. First Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$168 Mil. First Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$1,736 Mil. First Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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

SGX:EB5' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.41 Max: 0.74
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of First Resources was 0.74. The lowest was 0.18. And the median was 0.41.

SGX:EB5's Debt-to-Equity is ranked better than
69.77% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SGX:EB5: 0.18

First Resources Debt-to-Equity Historical Data

The historical data trend for First Resources'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.

First Resources Debt-to-Equity Chart

First Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.39

0.42

0.34

0.23

0.18

First Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.34	0.28	0.23	0.20	0.18

Competitive Comparison of First Resources's Debt-to-Equity

For the Packaged Foods subindustry, First Resources'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.

First Resources's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

First Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Resources's Debt to Equity Ratio for the fiscal year 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
	=	(148.802	+	167.873)	/	1736.264
	=	0.18

First Resources'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
	=	(148.802	+	167.873)	/	1736.264
	=	0.18

First Resources (SGX:EB5) 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.

First Resources Debt-to-Equity Related Terms

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

First Resources (SGX:EB5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » First Resources Ltd (SGX:EB5) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5F1:Germany

Address

7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987

Website

https://www.first-resources.com

First Resources Ltd manages more than 200,000 hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations and Palm Oil Mills & Refineries and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.

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