Greencore Group (Greencore Group) Debt-to-Equity

: 0.69 (As of Sep. 2023)

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Greencore Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $197 Mil. Greencore Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $194 Mil. Greencore Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $569 Mil. Greencore Group's debt to equity for the quarter that ended in Sep. 2023 was 0.69.

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

GNCGY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 0.86 Max: 2.45
Current: 0.69

During the past 13 years, the highest Debt-to-Equity Ratio of Greencore Group was 2.45. The lowest was 0.69. And the median was 0.86.

GNCGY's Debt-to-Equity is ranked worse than
65.96% of 1642 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs GNCGY: 0.69

Greencore Group Debt-to-Equity Historical Data

The historical data trend for Greencore Group'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.

Greencore Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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1.85

2.45

0.86

0.70

0.69

Greencore Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.86	0.81	0.70	0.77	0.69

Competitive Comparison

For the Packaged Foods subindustry, Greencore Group'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.

Greencore Group Debt-to-Equity Distribution

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

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

Greencore Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greencore Group'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
	=	(196.782	+	193.688)	/	569.059
	=	0.69

Greencore Group'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
	=	(196.782	+	193.688)	/	569.059
	=	0.69

Greencore Group (OTCPK:GNCGY) 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.

Greencore Group Debt-to-Equity Related Terms

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Greencore Group (Greencore Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (OTCPK:GNCGY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GNCGF:USA GNCl:UK GNC:UK GCG:Germany

Address

No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.