Carr's Group (LSE:CARR) Debt-to-Equity : 0.19 (As of Feb. 2024)

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What is Carr's Group Debt-to-Equity?

Carr's Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was £10.2 Mil. Carr's Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was £10.0 Mil. Carr's Group's Total Stockholders Equity for the quarter that ended in Feb. 2024 was £107.7 Mil. Carr's Group's debt to equity for the quarter that ended in Feb. 2024 was 0.19.

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

LSE:CARR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.42 Max: 0.61
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Carr's Group was 0.61. The lowest was 0.18. And the median was 0.42.

LSE:CARR's Debt-to-Equity is ranked better than
68.7% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs LSE:CARR: 0.19

Carr's Group Debt-to-Equity Historical Data

The historical data trend for Carr's Group'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.

Carr's Group Debt-to-Equity Chart

Carr's Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.58

0.44

0.42

0.37

0.24

Carr's Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.60	0.37	0.18	0.24	0.19

Competitive Comparison of Carr's Group's Debt-to-Equity

For the Packaged Foods subindustry, Carr's Group'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.

Carr's Group's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Carr's Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Carr's Group's Debt to Equity Ratio for the fiscal year 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
	=	(14.978	+	10.765)	/	107.875
	=	0.24

Carr's Group's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(10.189	+	9.979)	/	107.686
	=	0.19

Carr's Group (LSE:CARR) 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.

Carr's Group Debt-to-Equity Related Terms

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

Carr's Group (LSE:CARR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carr's Group PLC (LSE:CARR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CARRl:UK CARR.GB:UK

Address

Old Croft, Stanwix, Carlisle, Cumbria, GBR, CA3 9BA

Website

https://www.carrsgroup.com

Carr's Group PLC is a British farm supplies company. The company operates through two segments: Speciality Agriculture and Engineering. The Speciality Agriculture segment derives its revenue from the sale of animal feed blocks and animal health products. The Engineering segment derives its revenue from the provision of engineering services and the design and manufacture of bespoke equipment for use in the nuclear, naval defence, oil and gas, and petrochemical industries and the products include manipulators, robotics, specialist fabrication and precision machining. The company generates the majority of its revenue from the Speciality Agriculture segment.