Downer EDI (ASX:DOW) Debt-to-Equity : 0.77 (As of Dec. 2023)

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What is Downer EDI Debt-to-Equity?

Downer EDI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$145 Mil. Downer EDI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,617 Mil. Downer EDI's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,302 Mil. Downer EDI's debt to equity for the quarter that ended in Dec. 2023 was 0.77.

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

ASX:DOW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.55 Max: 1.14
Current: 0.77

During the past 13 years, the highest Debt-to-Equity Ratio of Downer EDI was 1.14. The lowest was 0.22. And the median was 0.55.

ASX:DOW's Debt-to-Equity is ranked worse than
67.79% of 1515 companies
in the Construction industry
Industry Median: 0.44 vs ASX:DOW: 0.77

Downer EDI Debt-to-Equity Historical Data

The historical data trend for Downer EDI'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.

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Downer EDI Debt-to-Equity Chart

Downer EDI Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.59

1.14

0.73

0.67

0.93

Downer EDI 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															0.63	0.67	0.69	0.93	0.77

Competitive Comparison of Downer EDI's Debt-to-Equity

For the Engineering & Construction subindustry, Downer EDI'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.

Downer EDI's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Downer EDI's Debt-to-Equity distribution charts can be found below:

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

Downer EDI Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Downer EDI's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(140.1	+	1998.4)	/	2289.8
	=	0.93

Downer EDI'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
	=	(144.8	+	1617)	/	2302.2
	=	0.77

Downer EDI (ASX:DOW) 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.

Downer EDI Debt-to-Equity Related Terms

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

Downer EDI (ASX:DOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Downer EDI Ltd (ASX:DOW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DNE:Germany

Address

39 Delhi Road, Level 2, Triniti III, Triniti Business Campus, North Ryde, NSW, AUS, 2113

Website

https://www.downergroup.com

Downer operates engineering, construction, and maintenance; transport; technology and communications; utilities; and rail units. The future of Downer is focused on urban services, and mining and high-risk construction businesses have been sold. The engineering, construction, and maintenance business had exposure to mining and energy projects through consulting services. The mining division had provided contracted mining services. The rail division services and maintains passenger rolling stock, including locomotives and wagons.