The Reject Shop (ASX:TRS) Debt-to-Equity : 1.18 (As of Dec. 2023)

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What is The Reject Shop Debt-to-Equity?

The Reject Shop's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$80.6 Mil. The Reject Shop's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$138.2 Mil. The Reject Shop's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$185.4 Mil. The Reject Shop's debt to equity for the quarter that ended in Dec. 2023 was 1.18.

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 The Reject Shop's Debt-to-Equity or its related term are showing as below:

ASX:TRS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 1.07 Max: 1.71
Current: 1.18

During the past 13 years, the highest Debt-to-Equity Ratio of The Reject Shop was 1.71. The lowest was 0.06. And the median was 1.07.

ASX:TRS's Debt-to-Equity is ranked worse than
69.57% of 276 companies
in the Retail - Defensive industry
Industry Median: 0.64 vs ASX:TRS: 1.18

The Reject Shop Debt-to-Equity Historical Data

The historical data trend for The Reject Shop'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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The Reject Shop Debt-to-Equity Chart

The Reject Shop Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.16

1.35

1.07

1.23

1.26

The Reject Shop 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															0.94	1.23	1.17	1.26	1.18

Competitive Comparison of The Reject Shop's Debt-to-Equity

For the Discount Stores subindustry, The Reject Shop'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.

The Reject Shop's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The Reject Shop's Debt-to-Equity distribution charts can be found below:

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

The Reject Shop Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Reject Shop'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
	=	(84.305	+	144.124)	/	181.935
	=	1.26

The Reject Shop'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
	=	(80.552	+	138.21)	/	185.402
	=	1.18

The Reject Shop (ASX:TRS) 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.

The Reject Shop Debt-to-Equity Related Terms

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

The Reject Shop (ASX:TRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » The Reject Shop Ltd (ASX:TRS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

245 Racecourse Road, Kensington, Sydney, VIC, AUS, 3031

Website

https://www.rejectshop.com.au

The Reject Shop Ltd is a discount variety retailer of general merchandise products. Geographically, it operates and derives revenue from Australia. Its product categories include Home and Garden, Grocery, Health and Beauty, Stationery, Pets, Toys, Clothing, and Gift Cards. The company has one reportable segment, retailing of discount variety merchandise.