Mayfield Childcare (ASX:MFD) Debt-to-Equity : 2.45 (As of Dec. 2023)

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What is Mayfield Childcare Debt-to-Equity?

Mayfield Childcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$14.37 Mil. Mayfield Childcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$146.05 Mil. Mayfield Childcare's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$65.38 Mil. Mayfield Childcare's debt to equity for the quarter that ended in Dec. 2023 was 2.45.

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 Mayfield Childcare's Debt-to-Equity or its related term are showing as below:

ASX:MFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 1.28 Max: 2.45
Current: 2.45

During the past 8 years, the highest Debt-to-Equity Ratio of Mayfield Childcare was 2.45. The lowest was 0.31. And the median was 1.28.

ASX:MFD's Debt-to-Equity is ranked worse than
89.66% of 87 companies
in the Personal Services industry
Industry Median: 0.76 vs ASX:MFD: 2.45

Mayfield Childcare Debt-to-Equity Historical Data

The historical data trend for Mayfield Childcare'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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Mayfield Childcare Debt-to-Equity Chart

Mayfield Childcare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.35

1.21

2.20

2.03

2.45

Mayfield Childcare Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										2.20	2.14	2.03	2.37	2.45

Competitive Comparison of Mayfield Childcare's Debt-to-Equity

For the Personal Services subindustry, Mayfield Childcare'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.

Mayfield Childcare's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Mayfield Childcare's Debt-to-Equity distribution charts can be found below:

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

Mayfield Childcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mayfield Childcare'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
	=	(14.369	+	146.045)	/	65.383
	=	2.45

Mayfield Childcare'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
	=	(14.369	+	146.045)	/	65.383
	=	2.45

Mayfield Childcare (ASX:MFD) 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.

Mayfield Childcare Debt-to-Equity Related Terms

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Mayfield Childcare (ASX:MFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mayfield Childcare Ltd (ASX:MFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

207-213 Waverley Road, Suite 2, Ground Floor, Malvern East, VIC, AUS, 3145

Website

https://www.mayfieldchildcare.com.au

Mayfield Childcare Ltd provides a combination of care and education services for children. The company owns long day childcare centers located in and around metropolitan Melbourne. It continues to operate in one operating segment, as a long day childcare services provider.