Argent Industrial (JSE:ART) Debt-to-Revenue : 0.06 (As of Sep. 2023)

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What is Argent Industrial Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Argent Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R82 Mil. Argent Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R77 Mil. Argent Industrial's annualized Revenue for the quarter that ended in Sep. 2023 was R2,615 Mil. Argent Industrial's annualized Debt-to-Revenue for the quarter that ended in Sep. 2023 was 0.06.

Argent Industrial Debt-to-Revenue Historical Data

The historical data trend for Argent Industrial's Debt-to-Revenue 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.

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Argent Industrial Debt-to-Revenue Chart

Argent Industrial Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Revenue

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0.04

0.14

0.10

0.08

0.06

Argent Industrial 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-Revenue	Get a 7-Day Free Trial															0.10	0.07	0.08	0.06	0.06

Competitive Comparison of Argent Industrial's Debt-to-Revenue

For the Steel subindustry, Argent Industrial's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Argent Industrial's Debt-to-Revenue Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Argent Industrial's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Argent Industrial's Debt-to-Revenue falls into.

Argent Industrial Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Argent Industrial's Debt-to-Revenue for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(46.95	+	95.694)	/	2459.359
	=	0.06

Argent Industrial's annualized Debt-to-Revenue for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(81.79	+	76.514)	/	2614.954
	=	0.06

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Sep. 2023) Revenue data.

Argent Industrial Debt-to-Revenue Related Terms

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Argent Industrial (JSE:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Argent Industrial Ltd (JSE:ART) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Floor, Ridge 63, 8 Sinembe Crescent, Sinembe Park, PO Box 5108, La Lucia Ridge Office Estate, Durban, NL, ZAF, 4019

Website

https://www.argent.co.za

Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up of ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.

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