Flight Centre Travel Group (ASX:FLT) Debt-to-Equity : 0.86 (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Flight Centre Travel Group Debt-to-Equity?

Flight Centre Travel Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$384 Mil. Flight Centre Travel Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$610 Mil. Flight Centre Travel Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1,163 Mil. Flight Centre Travel Group's debt to equity for the quarter that ended in Dec. 2023 was 0.85.

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

ASX:FLT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.19 Max: 1.84
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Flight Centre Travel Group was 1.84. The lowest was 0.02. And the median was 0.19.

ASX:FLT's Debt-to-Equity is ranked worse than
64.83% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs ASX:FLT: 0.86

Flight Centre Travel Group Debt-to-Equity Historical Data

The historical data trend for Flight Centre Travel 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.

Flight Centre Travel Group Debt-to-Equity Chart

Flight Centre Travel Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.13

0.71

1.34

1.70

1.20

Flight Centre Travel 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															1.84	1.70	0.80	1.20	0.86

Competitive Comparison of Flight Centre Travel Group's Debt-to-Equity

For the Travel Services subindustry, Flight Centre Travel 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.

Flight Centre Travel Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Flight Centre Travel Group's Debt-to-Equity distribution charts can be found below:

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

Flight Centre Travel Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Flight Centre Travel 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
	=	(139.346	+	1219.387)	/	1135.088
	=	1.20

Flight Centre Travel 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
	=	(384.154	+	609.67)	/	1162.627
	=	0.85

Flight Centre Travel Group (ASX:FLT) 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.

Flight Centre Travel Group Debt-to-Equity Related Terms

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

Flight Centre Travel Group (ASX:FLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flight Centre Travel Group Ltd (ASX:FLT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FLI:Germany

Address

275 Grey Street, South Brisbane, Brisbane, QLD, AUS, 4101

Website

https://www.fctgl.com

Flight Centre Travel is one of the largest travel agencies in the world. It operates an large network of shops globally, most of them located in Australia, the United States, and Europe. The group operates across the whole spectrum of the travel services market, including leisure travel retailing, in-destination experiences, corporate travel arrangement, and youth travel retailing. The services are facilitated via some 40 brands, with Flight Centre being the flagship brand in the leisure segment and FCM Travel the key brand in the corporate.

Flight Centre Travel Group (ASX:FLT) Headlines

No Headlines