Johns Lyng Group (ASX:JLG) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Johns Lyng Group Debt-to-Equity?

Johns Lyng Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$22 Mil. Johns Lyng Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$55 Mil. Johns Lyng Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$429 Mil. Johns Lyng Group's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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

ASX:JLG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.18 Max: 0.82
Current: 0.18

During the past 6 years, the highest Debt-to-Equity Ratio of Johns Lyng Group was 0.82. The lowest was 0.02. And the median was 0.18.

ASX:JLG's Debt-to-Equity is ranked better than
71.14% of 1511 companies
in the Construction industry
Industry Median: 0.44 vs ASX:JLG: 0.18

Johns Lyng Group Debt-to-Equity Historical Data

The historical data trend for Johns Lyng 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.

Johns Lyng Group Debt-to-Equity Chart

Johns Lyng Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.14

0.74

0.51

0.18

0.24

Johns Lyng Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.17	0.18	0.22	0.24	0.18

Competitive Comparison of Johns Lyng Group's Debt-to-Equity

For the Engineering & Construction subindustry, Johns Lyng 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.

Johns Lyng Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Johns Lyng Group's Debt-to-Equity distribution charts can be found below:

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

Johns Lyng Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Johns Lyng 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
	=	(22.323	+	62.487)	/	358.746
	=	0.24

Johns Lyng 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
	=	(22.295	+	55.339)	/	429.157
	=	0.18

Johns Lyng Group (ASX:JLG) 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.

Johns Lyng Group Debt-to-Equity Related Terms

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Johns Lyng Group (ASX:JLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Johns Lyng Group Ltd (ASX:JLG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JLGRF:USA

Address

1 Williamsons Road, Doncastor, Melbourne, VIC, AUS, 3108

Website

https://www.johnslyng.com.au

Johns Lyng Group Ltd provides integrated building services in Australia. The company's operating segment include Insurance Building and Restoration Services; Commercial Building Services; Commercial Construction - Commercial Builders and Others. It generates maximum revenue from the Insurance Building and Restoration Services segment. Building and Restoration Services segment is involved in the building fabric repair, contents restoration and hazardous waste removal. The Commercial Building Services segment focuses on residential and commercial flooring, emergency domestic repairs, shop-fitting, and commercial glazing. Geographically the company generates the majority of its revenue from Australia and New Zealand.

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