Webjet (ASX:WEB) Debt-to-Equity

: 0.27 (As of Sep. 2023)

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Webjet's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$242.3 Mil. Webjet's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.0 Mil. Webjet's Total Stockholders Equity for the quarter that ended in Sep. 2023 was A$904.9 Mil. Webjet's debt to equity for the quarter that ended in Sep. 2023 was 0.27.

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

ASX:WEB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.31 Max: 0.42
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Webjet was 0.42. The lowest was 0.01. And the median was 0.31.

ASX:WEB's Debt-to-Equity is ranked better than
65.5% of 687 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs ASX:WEB: 0.27

Webjet Debt-to-Equity Historical Data

The historical data trend for Webjet'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.

Webjet Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Mar22

Mar23

Debt-to-Equity

0.28

0.32

0.25

0.42

0.29

Webjet Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity																0.38	0.42	0.29	0.29	0.27

Competitive Comparison

For the Travel Services subindustry, Webjet'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.

Webjet Debt-to-Equity Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Webjet's Debt-to-Equity distribution charts can be found below:

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

Webjet Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Webjet's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.4	+	238)	/	834.2
	=	0.29

Webjet'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
	=	(242.3	+	0)	/	904.9
	=	0.27

Webjet (ASX:WEB) 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.

Webjet Debt-to-Equity Related Terms

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Webjet (ASX:WEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Webjet Ltd (ASX:WEB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WBJ:Germany

Address

509 St Kilda Road, Level 2, Melbourne, VIC, AUS, 3004

Website

https://www.webjetlimited.com

Webjet provides online travel bookings across Europe, Asia Pacific, the Middle East, and Africa. The group operates in both the business to consumer, or B2C, and business to business, or B2B, segments. The B2B business, WebBeds, acts as an intermediary between hotels and wholesale/retail travel service providers. WebBeds is currently the world's second largest B2B accommodation booking provider despite only a circa 4% market share of the fragmented AUD 70 billion global B2B accommodation market. The company's B2C units, Webjet Online Travel Agent, or OTA, and GoSee allow retail customers to book flights, hotel accommodation, holiday packages, travel insurance, rental cars and caravans online.

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