Ridley (ASX:RIC) Debt-to-Equity : 0.29 (As of Dec. 2023)

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What is Ridley Debt-to-Equity?

Ridley's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$7 Mil. Ridley's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$87 Mil. Ridley's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$321 Mil. Ridley's debt to equity for the quarter that ended in Dec. 2023 was 0.29.

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

ASX:RIC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.29 Max: 0.77
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Ridley was 0.77. The lowest was 0.15. And the median was 0.29.

ASX:RIC's Debt-to-Equity is ranked better than
59.73% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs ASX:RIC: 0.29

Ridley Debt-to-Equity Historical Data

The historical data trend for Ridley'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.

Ridley Debt-to-Equity Chart

Ridley Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.43

0.77

0.43

0.16

0.26

Ridley 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															0.15	0.16	0.21	0.26	0.29

Competitive Comparison of Ridley's Debt-to-Equity

For the Packaged Foods subindustry, Ridley'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.

Ridley's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ridley's Debt-to-Equity distribution charts can be found below:

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

Ridley Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ridley'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
	=	(4.16	+	77.005)	/	315.386
	=	0.26

Ridley'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
	=	(7	+	86.996)	/	321.145
	=	0.29

Ridley (ASX:RIC) 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.

Ridley Debt-to-Equity Related Terms

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

Ridley (ASX:RIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ridley Corp Ltd (ASX:RIC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RIDYF:USA RI6:Germany

Address

565 Bourke Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.ridley.com.au

Ridley Corp Ltd engages in the production and marketing of stock feed and animal feed supplements. The company's operating segments include Bulk Stockfeeds and Packaged Feeds and Ingredients. The Bulk Stockfeeds segment comprises the Group's animal nutrition stockfeed solutions delivered in bulk. This includes monogastric and ruminant feeds, such as pellets, meals, concentrates, and premixes for poultry, pigs, dairy cattle, beef cattle, and sheep. Packaged Feeds and Ingredients segment comprises the Group's animal nutrition feed and ingredient solutions delivered in packaged form. This includes bagged poultry, dairy, dog, horse, and lifestyle animal feeds, as well as block and loose lick supplements; and aquafeed. It generates the majority of its revenue from the Bulk Stockfeeds segment.

Ridley (ASX:RIC) Headlines

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