Regional Express Holdings (ASX:REX) Debt-to-Equity : 2.62 (As of Dec. 2023)

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What is Regional Express Holdings Debt-to-Equity?

Regional Express Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$40.6 Mil. Regional Express Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$368.8 Mil. Regional Express Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$156.4 Mil. Regional Express Holdings's debt to equity for the quarter that ended in Dec. 2023 was 2.62.

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 Regional Express Holdings's Debt-to-Equity or its related term are showing as below:

ASX:REX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.18 Max: 2.62
Current: 2.62

During the past 13 years, the highest Debt-to-Equity Ratio of Regional Express Holdings was 2.62. The lowest was 0.04. And the median was 0.18.

ASX:REX's Debt-to-Equity is ranked worse than
91.27% of 882 companies
in the Transportation industry
Industry Median: 0.565 vs ASX:REX: 2.62

Regional Express Holdings Debt-to-Equity Historical Data

The historical data trend for Regional Express Holdings'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.

Regional Express Holdings Debt-to-Equity Chart

Regional Express Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.04

0.10

0.88

1.43

2.02

Regional Express Holdings 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															1.39	1.43	2.48	2.02	2.62

Competitive Comparison of Regional Express Holdings's Debt-to-Equity

For the Airlines subindustry, Regional Express Holdings'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.

Regional Express Holdings's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Regional Express Holdings's Debt-to-Equity distribution charts can be found below:

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

Regional Express Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Regional Express Holdings'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
	=	(28.534	+	297.394)	/	161.454
	=	2.02

Regional Express Holdings'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
	=	(40.583	+	368.761)	/	156.385
	=	2.62

Regional Express Holdings (ASX:REX) 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.

Regional Express Holdings Debt-to-Equity Related Terms

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Regional Express Holdings (ASX:REX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Regional Express Holdings Ltd (ASX:REX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

81-83 Baxter Road, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.rex.com.au

Regional Express Holdings Ltd is an Australian-based airline company. The company is engaged in the provision of air services for the transportation of passengers and freight. Its operating segment includes Regular public transport, Charter and other, and Training. The company generates maximum revenue from the Regular public transport segment. Some of its services include Web Check-in; Print Invoices; Safe Hand Baggage; Travel Insurance and others.