Myer Holdings (FRA:30M) Debt-to-Equity : 6.00 (As of Jan. 2024)

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What is Myer Holdings Debt-to-Equity?

Myer Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €94 Mil. Myer Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €942 Mil. Myer Holdings's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €173 Mil. Myer Holdings's debt to equity for the quarter that ended in Jan. 2024 was 6.00.

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

FRA:30M' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.49 Max: 10.76
Current: 6

During the past 13 years, the highest Debt-to-Equity Ratio of Myer Holdings was 10.76. The lowest was 0.09. And the median was 0.49.

FRA:30M's Debt-to-Equity is ranked worse than
97.01% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.63 vs FRA:30M: 6.00

Myer Holdings Debt-to-Equity Historical Data

The historical data trend for Myer 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.

Myer Holdings Debt-to-Equity Chart

Myer Holdings Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.14

10.76

7.94

6.57

7.09

Myer Holdings Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															6.90	6.57	5.87	7.09	6.00

Competitive Comparison of Myer Holdings's Debt-to-Equity

For the Department Stores subindustry, Myer 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.

Myer Holdings's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Myer Holdings's Debt-to-Equity distribution charts can be found below:

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

Myer Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Myer Holdings's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(94.057	+	945.268)	/	146.603
	=	7.09

Myer Holdings's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(94.115	+	941.818)	/	172.757
	=	6.00

Myer Holdings (FRA:30M) 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.

Myer Holdings Debt-to-Equity Related Terms

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Myer Holdings (FRA:30M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Myer Holdings Ltd (FRA:30M) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MYR:Australia

Address

1000 La Trobe Street, Level 7, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.myer.com.au

Myer is Australia's largest department store operator, with some 60 stores that are mostly spread across eastern states. Stores are generally located in areas of high foot traffic in major metropolitan shopping centers. Competitive advantages include a well-established brand and scale benefits from a relatively large revenue base. The brand is somewhat iconic among Australian domestic consumers. The group's loyalty programme has more than 4 million active members.

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