Shine Justice (ASX:SHJ) Debt-to-Equity : 0.33 (As of Dec. 2023)

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What is Shine Justice Debt-to-Equity?

Shine Justice's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$19.2 Mil. Shine Justice's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$69.9 Mil. Shine Justice's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$270.8 Mil. Shine Justice's debt to equity for the quarter that ended in Dec. 2023 was 0.33.

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

ASX:SHJ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.34 Max: 0.49
Current: 0.33

During the past 11 years, the highest Debt-to-Equity Ratio of Shine Justice was 0.49. The lowest was 0.12. And the median was 0.34.

ASX:SHJ's Debt-to-Equity is ranked better than
71.26% of 87 companies
in the Personal Services industry
Industry Median: 0.73 vs ASX:SHJ: 0.33

Shine Justice Debt-to-Equity Historical Data

The historical data trend for Shine Justice'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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Shine Justice Debt-to-Equity Chart

Shine Justice Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.49

0.43

0.37

0.33

0.41

Shine Justice 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															0.35	0.33	0.36	0.41	0.33

Competitive Comparison of Shine Justice's Debt-to-Equity

For the Personal Services subindustry, Shine Justice'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.

Shine Justice's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Shine Justice's Debt-to-Equity distribution charts can be found below:

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

Shine Justice Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shine Justice'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
	=	(80.873	+	31.007)	/	270.681
	=	0.41

Shine Justice'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
	=	(19.161	+	69.884)	/	270.769
	=	0.33

Shine Justice (ASX:SHJ) 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.

Shine Justice Debt-to-Equity Related Terms

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Shine Justice (ASX:SHJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Shine Justice Ltd (ASX:SHJ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Ann Street, Level 13, Brisbane, QLD, AUS, 4000

Website

https://www.shinejustice.com.au

Shine Justice Ltd offers legal services. It operates through the following business: Personal injury and New Practice Areas. The firm generates the majority of its revenue from the Personal injury segment. Its Personal injury segment includes motor vehicle accidents; worker's compensation; public liability and catastrophic injuries.

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