Foschini Group (JSE:TFG) Debt-to-Equity : 0.97 (As of Sep. 2023)

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What is Foschini Group Debt-to-Equity?

Foschini Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R7,122 Mil. Foschini Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R14,923 Mil. Foschini Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R22,748 Mil. Foschini Group's debt to equity for the quarter that ended in Sep. 2023 was 0.97.

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

JSE:TFG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.84 Max: 1.33
Current: 0.97

During the past 13 years, the highest Debt-to-Equity Ratio of Foschini Group was 1.33. The lowest was 0.26. And the median was 0.84.

JSE:TFG's Debt-to-Equity is ranked worse than
65.63% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs JSE:TFG: 0.97

Foschini Group Debt-to-Equity Historical Data

The historical data trend for Foschini Group'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.

Foschini Group Debt-to-Equity Chart

Foschini Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.26

1.25

0.83

0.82

1.02

Foschini Group 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															0.81	0.82	1.08	1.02	0.97

Competitive Comparison of Foschini Group's Debt-to-Equity

For the Specialty Retail subindustry, Foschini Group'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.

Foschini Group's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

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

Foschini Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Foschini Group'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
	=	(8905.3	+	13256.5)	/	21652.5
	=	1.02

Foschini Group'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
	=	(7121.5	+	14922.9)	/	22748.2
	=	0.97

Foschini Group (JSE:TFG) 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.

Foschini Group Debt-to-Equity Related Terms

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Foschini Group (JSE:TFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foschini Group Ltd (JSE:TFG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FHNGY:USA

Address

340 Voortrekker Road, Stanley Lewis Centre, Parow East, Cape Town, WC, ZAF, 7500

Website

https://www.tfglimited.co.za

Foschini Group Ltd is a South African fashion retailer. The company offers ladieswear, footwear, accessories, cosmetics and fragrances, kidswear, homewares, sportswear, cellular and jewelry mainly in South Africa, as well as financial services. The Foschini Group portfolio consists of multiple brands, including @home, @homelivingpace, American Swiss, Sterns, Charles and Keith, Colette, DonnaClaire, Phase Eight, Soda Bloc, Duesouth, Exact, Fabiani, The Fix, Foschini, G-star Raw, hi, Markham, Mat and May, and Whistles. The Group consists of four operating segments: TFG Africa retail division, TFG London, TFG Australia, and Credit.