Pure Foods Tasmania (ASX:PFT) Debt-to-Equity : 0.55 (As of Dec. 2023)

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What is Pure Foods Tasmania Debt-to-Equity?

Pure Foods Tasmania's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.03 Mil. Pure Foods Tasmania's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.82 Mil. Pure Foods Tasmania's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$10.58 Mil. Pure Foods Tasmania's debt to equity for the quarter that ended in Dec. 2023 was 0.55.

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 Pure Foods Tasmania's Debt-to-Equity or its related term are showing as below:

ASX:PFT' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.21 Med: 0.3 Max: 0.55
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Pure Foods Tasmania was 0.55. The lowest was -4.21. And the median was 0.30.

ASX:PFT's Debt-to-Equity is ranked worse than
58.7% of 1644 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs ASX:PFT: 0.55

Pure Foods Tasmania Debt-to-Equity Historical Data

The historical data trend for Pure Foods Tasmania'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.

Pure Foods Tasmania Debt-to-Equity Chart

Pure Foods Tasmania Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.17

0.30

0.15

0.37

Pure Foods Tasmania 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															0.14	0.15	0.36	0.37	0.55

Competitive Comparison of Pure Foods Tasmania's Debt-to-Equity

For the Packaged Foods subindustry, Pure Foods Tasmania'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.

Pure Foods Tasmania's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Pure Foods Tasmania Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pure Foods Tasmania'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
	=	(3.184	+	1.249)	/	12.143
	=	0.37

Pure Foods Tasmania'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
	=	(3.028	+	2.817)	/	10.576
	=	0.55

Pure Foods Tasmania (ASX:PFT) 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.

Pure Foods Tasmania Debt-to-Equity Related Terms

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

Pure Foods Tasmania (ASX:PFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pure Foods Tasmania Ltd (ASX:PFT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

179 Murray Street, Level 2, Hobart, TAS, AUS, 7000

Website

https://www.purefoodstas.com

Pure Foods Tasmania Ltd operates in the food industry. The business segments of the company are Pure Foods Tasmania Products, and Corporate and others. The Pure Foods Tasmania Products segment, which produces a wide range of premium pates in a variety of packaging sizes, is the key revenue driver for the company.

Pure Foods Tasmania (ASX:PFT) Headlines

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