Adcorp Holdings (JSE:ADR) Debt-to-Equity : 0.28 (As of Aug. 2023)

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What is Adcorp Holdings Debt-to-Equity?

Adcorp Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R76 Mil. Adcorp Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R317 Mil. Adcorp Holdings's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R1,410 Mil. Adcorp Holdings's debt to equity for the quarter that ended in Aug. 2023 was 0.28.

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

JSE:ADR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.65 Max: 1.21
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Adcorp Holdings was 1.21. The lowest was 0.27. And the median was 0.65.

JSE:ADR's Debt-to-Equity is ranked better than
58.08% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs JSE:ADR: 0.28

Adcorp Holdings Debt-to-Equity Historical Data

The historical data trend for Adcorp 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.

Adcorp Holdings Debt-to-Equity Chart

Adcorp Holdings Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.45

1.21

0.67

0.38

0.27

Adcorp Holdings Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial															0.50	0.38	0.30	0.27	0.28

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

For the Staffing & Employment Services subindustry, Adcorp 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.

Adcorp Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Adcorp Holdings's Debt-to-Equity distribution charts can be found below:

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

Adcorp Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Adcorp Holdings's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(77.433	+	331.977)	/	1535.707
	=	0.27

Adcorp Holdings's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(76.153	+	317.227)	/	1410.481
	=	0.28

Adcorp Holdings (JSE:ADR) 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.

Adcorp Holdings Debt-to-Equity Related Terms

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

Adcorp Holdings (JSE:ADR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Adcorp Holdings Ltd (JSE:ADR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191

Website

https://www.adcorpgroup.com

Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Industrial Services, Professional Services, Training Services, and Australia. The geographical segments are South Africa and International.

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