Inchcape (Inchcape) Debt-to-Equity

: 1.14 (As of Dec. 2023)

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Inchcape's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $928 Mil. Inchcape's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,262 Mil. Inchcape's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,925 Mil. Inchcape's debt to equity for the quarter that ended in Dec. 2023 was 1.14.

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

IHCPF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.56 Max: 1.27
Current: 1.14

During the past 13 years, the highest Debt-to-Equity Ratio of Inchcape was 1.27. The lowest was 0.32. And the median was 0.56.

IHCPF's Debt-to-Equity is ranked worse than
78.13% of 1175 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs IHCPF: 1.14

Inchcape Debt-to-Equity Historical Data

The historical data trend for Inchcape'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.

Inchcape Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.54

0.53

0.49

1.27

1.14

Inchcape 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																0.49	0.50	1.27	1.09	1.14

Competitive Comparison

For the Auto & Truck Dealerships subindustry, Inchcape'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.

Inchcape Debt-to-Equity Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Inchcape's Debt-to-Equity distribution charts can be found below:

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

Inchcape Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Inchcape'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
	=	(927.848	+	1262.025)	/	1925.316
	=	1.14

Inchcape'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
	=	(927.848	+	1262.025)	/	1925.316
	=	1.14

Inchcape (OTCPK:IHCPF) 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.

Inchcape Debt-to-Equity Related Terms

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Inchcape (Inchcape) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Inchcape PLC (OTCPK:IHCPF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

INCHl:UK INCH:UK IJCA:Germany

Address

22a St James's Square, London, GBR, SW1Y 5LP

Website

https://www.inchcape.com

Inchcape PLC, headquartered in the United Kingdom, is a distributor and retailer of premium and luxury automobiles through partnerships with original equipment manufacturers (OEMs). The company has four reportable segments and two operating business units: distribution and retail. The distribution segment delivers new vehicles and parts in three geographies (Europe, Asia Pacific (APAC), the Americas, and Africa) and provides associated marketing and logistics operations. The retail segment sells new and used vehicles in the U.K. and Europe. The company's profitable revenue sources are distribution services performed in APAC and retail services in the U.K. and Europe.