Sygnia (JSE:SYG) Debt-to-Equity : 0.09 (As of Sep. 2023)

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What is Sygnia Debt-to-Equity?

Sygnia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R7.2 Mil. Sygnia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R63.7 Mil. Sygnia's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R820.7 Mil. Sygnia's debt to equity for the quarter that ended in Sep. 2023 was 0.09.

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

JSE:SYG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.27
Current: 0.09

During the past 10 years, the highest Debt-to-Equity Ratio of Sygnia was 0.27. The lowest was 0.00. And the median was 0.08.

JSE:SYG's Debt-to-Equity is ranked better than
59.06% of 298 companies
in the Diversified Financial Services industry
Industry Median: 0.12 vs JSE:SYG: 0.09

Sygnia Debt-to-Equity Historical Data

The historical data trend for Sygnia'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.

Sygnia Debt-to-Equity Chart

Sygnia Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.08

0.20

0.13

0.07

0.09

Sygnia Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial														0.13	0.11	0.07	0.08	0.09

Competitive Comparison of Sygnia's Debt-to-Equity

For the Financial Conglomerates subindustry, Sygnia'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.

Sygnia's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Sygnia's Debt-to-Equity distribution charts can be found below:

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

Sygnia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sygnia's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(7.203	+	63.707)	/	820.674
	=	0.09

Sygnia's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(7.203	+	63.707)	/	820.674
	=	0.09

Sygnia (JSE:SYG) 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.

Sygnia Debt-to-Equity Related Terms

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

Sygnia (JSE:SYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Sygnia Ltd (JSE:SYG) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Cardiff Street, Green Point, 7th Floor, The Foundry, Cape Town, WC, ZAF, 8001

Website

https://www.sygnia.co.za

Sygnia Ltd is a specialist financial services company. The company provides investment management and administration solutions to institutional and retail clients located predominantly in South Africa. Its main investment services include domestic and international multi-manager and index-tracking products, customized investment design and management, transition management, and investment administration services. The company operates in Cape Town, Johannesburg, Durban, London.

Sygnia (JSE:SYG) Headlines

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