FleetPartners Group (ASX:FPR) Debt-to-Equity : 2.18 (As of Sep. 2023)

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What is FleetPartners Group Debt-to-Equity?

FleetPartners Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$328.6 Mil. FleetPartners Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$1,055.8 Mil. FleetPartners Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was A$635.7 Mil. FleetPartners Group's debt to equity for the quarter that ended in Sep. 2023 was 2.18.

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

ASX:FPR' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.87 Med: 2.16 Max: 3.34
Current: 2.18

During the past 9 years, the highest Debt-to-Equity Ratio of FleetPartners Group was 3.34. The lowest was 1.87. And the median was 2.16.

ASX:FPR's Debt-to-Equity is ranked worse than
88.17% of 930 companies
in the Business Services industry
Industry Median: 0.395 vs ASX:FPR: 2.18

FleetPartners Group Debt-to-Equity Historical Data

The historical data trend for FleetPartners 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.

FleetPartners Group Debt-to-Equity Chart

FleetPartners Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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3.34

2.69

2.16

1.93

2.18

FleetPartners Group Semi-Annual Data
	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												2.16	1.96	1.93	2.01	2.18

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

For the Rental & Leasing Services subindustry, FleetPartners 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.

FleetPartners Group's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, FleetPartners Group's Debt-to-Equity distribution charts can be found below:

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

FleetPartners Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FleetPartners Group'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
	=	(328.56	+	1055.777)	/	635.684
	=	2.18

FleetPartners Group'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
	=	(328.56	+	1055.777)	/	635.684
	=	2.18

FleetPartners Group (ASX:FPR) 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.

FleetPartners Group Debt-to-Equity Related Terms

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FleetPartners Group (ASX:FPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FleetPartners Group Ltd (ASX:FPR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Pacific Highway, Level 6, St Leonards, Sydney, NSW, AUS, 2065

Website

https://www.fleetpartners.com.au

FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.

FleetPartners Group (ASX:FPR) Headlines

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