Namoi Cotton (ASX:NAM) Debt-to-Equity : 0.22 (As of Feb. 2024)

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What is Namoi Cotton Debt-to-Equity?

Namoi Cotton's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was A$2.0 Mil. Namoi Cotton's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was A$29.2 Mil. Namoi Cotton's Total Stockholders Equity for the quarter that ended in Feb. 2024 was A$143.3 Mil. Namoi Cotton's debt to equity for the quarter that ended in Feb. 2024 was 0.22.

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

ASX:NAM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.41 Max: 0.5
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of Namoi Cotton was 0.50. The lowest was 0.22. And the median was 0.41.

ASX:NAM's Debt-to-Equity is ranked better than
66.1% of 1643 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs ASX:NAM: 0.22

Namoi Cotton Debt-to-Equity Historical Data

The historical data trend for Namoi Cotton'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.

Namoi Cotton Debt-to-Equity Chart

Namoi Cotton Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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0.38

0.48

0.42

0.39

0.22

Namoi Cotton Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.50	0.39	0.35	0.22

Competitive Comparison of Namoi Cotton's Debt-to-Equity

For the Farm Products subindustry, Namoi Cotton'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.

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

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

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

Namoi Cotton Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Namoi Cotton's Debt to Equity Ratio for the fiscal year that ended in Feb. 2024 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
	=	(2.024	+	29.184)	/	143.338
	=	0.22

Namoi Cotton's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(2.024	+	29.184)	/	143.338
	=	0.22

Namoi Cotton (ASX:NAM) 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.

Namoi Cotton Debt-to-Equity Related Terms

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

Namoi Cotton (ASX:NAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Namoi Cotton Ltd (ASX:NAM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

259 Ruthven Street, Toowoomba, QLD, AUS, 4350

Website

https://www.namoicotton.com.au

Namoi Cotton Ltd is engaged in the processing of cotton. The company is involved in the provision of cotton ginning services to cotton farmers, the marketing of cotton seed and by-products of the ginning process and, participation in the marketing of cotton lint bales. Its operating divisions are Ginning Services and Supply Chain & Marketing. The firm generates a majority of its revenue from the Ginning services.

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