GLG (ASX:GLE) Debt-to-Equity : 0.73 (As of Dec. 2023)

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What is GLG Debt-to-Equity?

GLG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$54.7 Mil. GLG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.1 Mil. GLG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$79.6 Mil. GLG's debt to equity for the quarter that ended in Dec. 2023 was 0.73.

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

ASX:GLE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 1.15 Max: 1.59
Current: 0.73

During the past 13 years, the highest Debt-to-Equity Ratio of GLG was 1.59. The lowest was 0.58. And the median was 1.15.

ASX:GLE's Debt-to-Equity is ranked worse than
65.64% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs ASX:GLE: 0.73

GLG Debt-to-Equity Historical Data

The historical data trend for GLG'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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GLG Debt-to-Equity Chart

GLG Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.38

1.13

1.23

1.05

0.73

GLG 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															1.19	1.05	0.60	0.73	0.73

Competitive Comparison of GLG's Debt-to-Equity

For the Apparel Manufacturing subindustry, GLG'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.

GLG's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GLG's Debt-to-Equity distribution charts can be found below:

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

GLG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GLG'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
	=	(53.433	+	6.657)	/	82.419
	=	0.73

GLG'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
	=	(54.692	+	3.054)	/	79.564
	=	0.73

GLG (ASX:GLE) 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.

GLG Debt-to-Equity Related Terms

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

GLG (ASX:GLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GLG Corp Ltd (ASX:GLE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15, Harvey Road, Singapore, SGP, 369930

Website

https://www.ghimli.com

GLG Corp Ltd is engaged as a supplier of knitwear or apparel and supply chain management solutions. The operating segments of the company are fabric which is into the manufacture and wholesaling of fabric, and garments which are into manufacturing and wholesaling of garments where the garment segment contributes to a majority of revenue. The products offered by the group include ready-to-wear, casual active, sleepwear, menswear, and childrenswear.

GLG (ASX:GLE) Headlines

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