Danone (Danone) Debt-to-Equity : 0.96 (As of Dec. 2023)

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What is Danone Debt-to-Equity?

Danone's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,621 Mil. Danone's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11,393 Mil. Danone's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $17,640 Mil. Danone's debt to equity for the quarter that ended in Dec. 2023 was 0.96.

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

DANOY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.73 Med: 0.97 Max: 1.57
Current: 0.96

During the past 13 years, the highest Debt-to-Equity Ratio of Danone was 1.57. The lowest was 0.73. And the median was 0.97.

DANOY's Debt-to-Equity is ranked worse than
77.13% of 1640 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs DANOY: 0.96

Danone Debt-to-Equity Historical Data

The historical data trend for Danone'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.

Danone Debt-to-Equity Chart

Danone Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.98

0.99

0.94

0.79

0.96

Danone 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	0.82	0.79	0.96	0.96

Competitive Comparison of Danone's Debt-to-Equity

For the Packaged Foods subindustry, Danone'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.

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

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

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

Danone Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Danone'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
	=	(5620.502	+	11392.585)	/	17640.131
	=	0.96

Danone'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
	=	(5620.502	+	11392.585)	/	17640.131
	=	0.96

Danone (OTCPK:DANOY) 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.

Danone Debt-to-Equity Related Terms

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Danone (Danone) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Danone SA (OTCPK:DANOY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GPDNF:USA BNN:Mexico BNp:UK 0KFX:UK BN:France BSN:Germany BN:Austria

Address

17, Boulevard Haussmann, Paris, FRA, 75009

Website

https://www.danone.com

Following the acquisition of WhiteWave, Danone restructured the firm into three broad segments: essential dairy and plant-based products, which represents just over half of group revenue; specialised nutrition; and bottled water. The firm's portfolio includes well-known brands such as Danone/Dannon dairy products, Nutrilon and Cow & Gate infant nutrition, Evian and Volvic bottled water, as well as leading medical nutrition brands. Danone derives about 60% of its annual sales outside Western Europe, up from about just one third in 2001.