Bisalloy Steel Group (ASX:BIS) Debt-to-Equity : 0.19 (As of Dec. 2023)

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What is Bisalloy Steel Group Debt-to-Equity?

Bisalloy Steel Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$12.7 Mil. Bisalloy Steel Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.2 Mil. Bisalloy Steel Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$69.3 Mil. Bisalloy Steel Group's debt to equity for the quarter that ended in Dec. 2023 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 Bisalloy Steel Group's Debt-to-Equity or its related term are showing as below:

ASX:BIS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.36 Max: 0.58
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Bisalloy Steel Group was 0.58. The lowest was 0.07. And the median was 0.36.

ASX:BIS's Debt-to-Equity is ranked better than
72.99% of 559 companies
in the Steel industry
Industry Median: 0.41 vs ASX:BIS: 0.19

Bisalloy Steel Group Debt-to-Equity Historical Data

The historical data trend for Bisalloy Steel 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.

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Bisalloy Steel Group Debt-to-Equity Chart

Bisalloy Steel Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.37

0.43

0.22

0.19

0.07

Bisalloy Steel Group 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															0.20	0.19	0.18	0.07	0.19

Competitive Comparison of Bisalloy Steel Group's Debt-to-Equity

For the Steel subindustry, Bisalloy Steel 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.

Bisalloy Steel Group's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bisalloy Steel Group's Debt-to-Equity distribution charts can be found below:

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

Bisalloy Steel Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bisalloy Steel Group'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
	=	(1.393	+	3.646)	/	67.967
	=	0.07

Bisalloy Steel Group'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
	=	(12.665	+	0.179)	/	69.251
	=	0.19

Bisalloy Steel Group (ASX:BIS) 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.

Bisalloy Steel Group Debt-to-Equity Related Terms

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Bisalloy Steel Group (ASX:BIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bisalloy Steel Group Ltd (ASX:BIS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Resolution Drive, Unanderra, Wollongong, NSW, AUS, 2526

Website

https://www.bisalloy.com.au

Bisalloy Steel Group Ltd is engaged in the processing and sale of quenched and tempered high-tensile, and abrasion-resistant steel plates. The company is organized into geographical operating segments, being Australian Operations is engaged in the distribution of wear-grade and high tensile plates through distributors and directly to original equipment manufacturers in both Australia and Overseas. Its Overseas Operations engage in the distribution of the abrasion-resistant plate as well as other steel plate products. The Overseas Operations also focus on the marketing and distribution of quench and tempered steel plates. The majority of its revenue is derived from Australian Operations. The company's products are marketed under the BISALLOY brand name.