Dole (DOLE) Debt-to-Equity : 1.15 (As of Dec. 2023)

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What is Dole Debt-to-Equity?

Dole's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $298 Mil. Dole's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,133 Mil. Dole's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,250 Mil. Dole's debt to equity for the quarter that ended in Dec. 2023 was 1.15.

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

DOLE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 1.15 Max: 1.61
Current: 1.15

During the past 6 years, the highest Debt-to-Equity Ratio of Dole was 1.61. The lowest was 0.92. And the median was 1.15.

DOLE's Debt-to-Equity is ranked worse than
81.05% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs DOLE: 1.15

Dole Debt-to-Equity Historical Data

The historical data trend for Dole'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.

Dole Debt-to-Equity Chart

Dole Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.04

0.92

1.61

1.32

1.15

Dole Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												1.32	1.37	1.28	1.18	1.15

Competitive Comparison of Dole's Debt-to-Equity

For the Farm Products subindustry, Dole'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.

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

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

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

Dole Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dole'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
	=	(298.081	+	1133.004)	/	1249.52
	=	1.15

Dole'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
	=	(298.081	+	1133.004)	/	1249.52
	=	1.15

Dole (NYSE:DOLE) 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.

Dole Debt-to-Equity Related Terms

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Dole (DOLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dole PLC (NYSE:DOLE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4CB:Germany

Address

29 North Anne Street, Dublin, IRL, D07 PH36

Website

https://www.doleplc.com

Dole PLC through its subsidiaries operates in the North American and European markets for fresh fruits and vegetables. The company's segment includes Fresh Fruit; Diversified Fresh Produce - EMEA; Diversified Fresh Produce - Americas and ROW and Fresh Vegetables. It generates maximum revenue from the Diversified Fresh Produce - EMEA segment. Diversified Fresh Produce - EMEA segment includes Dole's Irish, Dutch, Spanish, Portuguese, French, Italian, U.K., Swedish, Danish, South African, Eastern European, and Brazilian businesses, the majority of which sell a variety of imported and local fresh fruits and vegetables through retail, wholesale and, in some instances, food service channels across the European marketplace.