Griffon (Griffon) Debt-to-Equity

: 5.71 (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

Griffon's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $43 Mil. Griffon's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,583 Mil. Griffon's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $285 Mil. Griffon's debt to equity for the quarter that ended in Dec. 2023 was 5.70.

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

GFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.41 Med: 2.34 Max: 5.71
Current: 5.71

During the past 13 years, the highest Debt-to-Equity Ratio of Griffon was 5.71. The lowest was 1.41. And the median was 2.34.

GFF's Debt-to-Equity is ranked worse than
97.26% of 475 companies
in the Conglomerates industry
Industry Median: 0.56 vs GFF: 5.71

Griffon Debt-to-Equity Historical Data

The historical data trend for Griffon'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.

Griffon Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

2.31

1.72

1.48

3.70

5.23

Griffon Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																3.25	3.61	5.16	5.23	5.71

Competitive Comparison

For the Conglomerates subindustry, Griffon'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.

Griffon Debt-to-Equity Distribution

For the Conglomerates industry and Industrials sector, Griffon's Debt-to-Equity distribution charts can be found below:

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

Griffon Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Griffon's Debt to Equity Ratio for the fiscal year 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
	=	(42.257	+	1607.128)	/	315.244
	=	5.23

Griffon'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
	=	(43.349	+	1582.578)	/	285.022
	=	5.70

Griffon (NYSE:GFF) 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.

Griffon Debt-to-Equity Related Terms

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

Griffon (Griffon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Griffon Corp (NYSE:GFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GFF:Germany

Address

712 Fifth Avenue, 18th Floor, New York, NY, USA, 10019

Website

https://www.griffon.com

Griffon Corp manufactures and markets residential, commercial and industrial garage doors to professional installing dealers and home center retail chains. It also provides non-powered landscaping products for homeowners and professionals. Its operating segments include Consumer and Professional Products and Home and Building Products. The company generates a majority of its revenue from the Home and Building Products segment.

Executives

Voss Value-oriented Special Situations Fund, Lp	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value Master Fund, L.p.	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value Master Fund, Lp	director, other: See Remarks	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Travis W. Cocke	director, other: See Remarks	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Advisors Gp, Llc	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Capital, Llc	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Michelle L Taylor	director	712 FIFTH AVENUE, C/O GRIFFON CORPORATION, NEW YORK NY 10019
Diao H.c. Charles	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Lacy M. Johnson	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Louis J. Grabowsky	director	6605 ABERDEEN, DALLAS TX 75230
Henry A Alpert	director
Kevin F Sullivan	director	C/O GRIFFON CORPORATION, 712 FIFTH AVENUE, NEW YORK NY 10019
Jerome L Coben	director	5482 WILSHIRE BLVD., #1579, LOS ANGELES CA 90036
Thomas Brosig	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Seth L. Kaplan	officer: Sr VP, Gen. Counsel and Secy	712 FIFTH AVENUE, 18TH FLOOR, NEW YORK NY 10019