RCL Foods (JSE:RCL) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is RCL Foods Debt-to-Equity?

RCL Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R2,987 Mil. RCL Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R571 Mil. RCL Foods's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R12,968 Mil. RCL Foods's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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

JSE:RCL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.38 Max: 0.54
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of RCL Foods was 0.54. The lowest was 0.27. And the median was 0.38.

JSE:RCL's Debt-to-Equity is ranked better than
61.53% of 1643 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs JSE:RCL: 0.27

RCL Foods Debt-to-Equity Historical Data

The historical data trend for RCL Foods'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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RCL Foods Debt-to-Equity Chart

RCL Foods Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.31

0.44

0.41

0.31

0.32

RCL Foods 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	0.31	0.40	0.32	0.27

Competitive Comparison of RCL Foods's Debt-to-Equity

For the Packaged Foods subindustry, RCL Foods'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.

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

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

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

RCL Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RCL Foods'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
	=	(2988.292	+	807.2)	/	11877.485
	=	0.32

RCL Foods'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
	=	(2987.246	+	570.502)	/	12967.898
	=	0.27

RCL Foods (JSE:RCL) 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.

RCL Foods Debt-to-Equity Related Terms

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

RCL Foods (JSE:RCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » RCL Foods Ltd (JSE:RCL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ten The Boulevard, Westway Office Park, Westville, NL, ZAF, 3629

Website

https://www.rclfoods.com

RCL Foods Ltd is a leading African food producer with operations across South Africa, Swaziland, Namibia, Botswana, and Zambia. RCL Foods operates through the below segments, Groceries segment: Engaged in Culinary (includes Mayonnaise, Peanut Butter, Rusks etc.) and Pet Food and Beverages operations; Baking segment: Includes the Milling, Speciality, Pies, Sunbake and Sunshine bakeries and Buns and Rolls; Sugar segment: Includes Sugar and molasses-based feed (Molatek) operations; Rainbow segment includes the chicken business, grain-based feed (Epol and Driehoek) and Waste-to-Value operations. The company generates the majority of its revenue from the Rainbow segment.