Eagers Automotive (ASX:APE) Debt-to-Equity : 2.11 (As of Dec. 2023)

View and export this data going back to 1957. Start your Free Trial

What is Eagers Automotive Debt-to-Equity?

Eagers Automotive's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,480 Mil. Eagers Automotive's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,194 Mil. Eagers Automotive's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1,270 Mil. Eagers Automotive's debt to equity for the quarter that ended in Dec. 2023 was 2.11.

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

ASX:APE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.88 Med: 1.65 Max: 3.47
Current: 2.11

During the past 13 years, the highest Debt-to-Equity Ratio of Eagers Automotive was 3.47. The lowest was 0.88. And the median was 1.65.

ASX:APE's Debt-to-Equity is ranked worse than
92.6% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs ASX:APE: 2.11

Eagers Automotive Debt-to-Equity Historical Data

The historical data trend for Eagers Automotive'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.

Eagers Automotive Debt-to-Equity Chart

Eagers Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

3.47

2.69

2.00

1.94

2.11

Eagers Automotive 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															2.00	0.94	1.94	1.23	2.11

Competitive Comparison of Eagers Automotive's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Eagers Automotive'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.

Eagers Automotive's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Eagers Automotive's Debt-to-Equity distribution charts can be found below:

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

Eagers Automotive Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eagers Automotive's Debt to Equity Ratio for the fiscal year 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
	=	(1480.29	+	1193.988)	/	1270.102
	=	2.11

Eagers Automotive'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
	=	(1480.29	+	1193.988)	/	1270.102
	=	2.11

Eagers Automotive (ASX:APE) 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.

Eagers Automotive Debt-to-Equity Related Terms

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

Eagers Automotive (ASX:APE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Eagers Automotive Ltd (ASX:APE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Edmondstone Street, Bowen Hills, Fortitude Valley, P.O. Box 199, Brisbane, QLD, AUS, 4006

Website

https://www.eagersautomotive.com.au

Eagers Automotive is the largest automotive retailing group in the Australian market, with an estimated share of over 11% of new vehicle sales. The company offers a range of products and services, including the sale of new and used vehicles, vehicle repair services, and parts, among others. The company also facilitates vehicle financing through third-party providers. Additionally, Eagers operates a truck retailing business, offering a similar range of products and services.