Sanford (Sanford) Debt-to-Equity : 0.36 (As of Sep. 2023)

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What is Sanford Debt-to-Equity?

Sanford's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $41.2 Mil. Sanford's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $103.5 Mil. Sanford's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $406.0 Mil. Sanford's debt to equity for the quarter that ended in Sep. 2023 was 0.36.

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

SARDY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.32 Max: 0.37
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Sanford was 0.37. The lowest was 0.24. And the median was 0.32.

SARDY's Debt-to-Equity is ranked better than
53.88% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SARDY: 0.36

Sanford Debt-to-Equity Historical Data

The historical data trend for Sanford'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.

Sanford Debt-to-Equity Chart

Sanford Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.24

0.37

0.35

0.29

0.36

Sanford Semi-Annual Data
	Mar14	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															0.35	0.32	0.29	0.34	0.36

Competitive Comparison of Sanford's Debt-to-Equity

For the Farm Products subindustry, Sanford'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.

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

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

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

Sanford Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sanford'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
	=	(41.233	+	103.489)	/	406.033
	=	0.36

Sanford'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
	=	(41.233	+	103.489)	/	406.033
	=	0.36

Sanford (OTCPK:SARDY) 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.

Sanford Debt-to-Equity Related Terms

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Sanford (Sanford) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sanford Ltd (OTCPK:SARDY) » Definitions » Debt-to-Equity

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SAN:New Zealand

Address

22 Jellicoe Street, Freemans Bay, Auckland, NTL, NZL, 1010

Website

https://www.sanford.co.nz

Sanford Ltd is a seafood company principally engaged in the fishing and aquaculture farming business. The activities of the company include farming, harvesting, processing, storage, and marketing of seafood products, and investments in related activities. The operating divisions of the group are Wildcatch and Aquaculture. Its Wildcatch segment involves catching and processing inshore and deepwater fish species whereas the Aquaculture segment involves farming, harvesting, and processing of mussels and salmon. Some of the company's seafood products include Antarctic toothfish, Arrow squid, Gemfish, Scampi, Snapper, King Salmon, Jack mackerel, Ling, and others. Geographically it derives the majority of its revenue from New Zealand.

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