African And Overseas Enterprises (JSE:AOO) Debt-to-Equity : 2.26 (As of Dec. 2023)

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What is African And Overseas Enterprises Debt-to-Equity?

African And Overseas Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R61.9 Mil. African And Overseas Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R465.1 Mil. African And Overseas Enterprises's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R232.9 Mil. African And Overseas Enterprises's debt to equity for the quarter that ended in Dec. 2023 was 2.26.

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 African And Overseas Enterprises's Debt-to-Equity or its related term are showing as below:

JSE:AOO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.55 Max: 3.31
Current: 2.26

During the past 13 years, the highest Debt-to-Equity Ratio of African And Overseas Enterprises was 3.31. The lowest was 0.10. And the median was 0.55.

JSE:AOO's Debt-to-Equity is ranked worse than
87.85% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs JSE:AOO: 2.26

African And Overseas Enterprises Debt-to-Equity Historical Data

The historical data trend for African And Overseas Enterprises'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.

African And Overseas Enterprises Debt-to-Equity Chart

African And Overseas Enterprises Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.55

3.31

1.29

2.09

2.31

African And Overseas Enterprises 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															2.12	2.09	2.28	2.31	2.26

Competitive Comparison of African And Overseas Enterprises's Debt-to-Equity

For the Apparel Retail subindustry, African And Overseas Enterprises'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.

African And Overseas Enterprises's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, African And Overseas Enterprises's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where African And Overseas Enterprises's Debt-to-Equity falls into.

African And Overseas Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

African And Overseas Enterprises's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(72.334	+	445.354)	/	223.781
	=	2.31

African And Overseas Enterprises'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
	=	(61.91	+	465.106)	/	232.88
	=	2.26

African And Overseas Enterprises (JSE:AOO) 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.

African And Overseas Enterprises Debt-to-Equity Related Terms

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

African And Overseas Enterprises (JSE:AOO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » African And Overseas Enterprises Ltd (JSE:AOO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AON:South Africa

Address

263 Victoria Road, Rex Trueform Office Park, Salt River,, Cape Town, WC, ZAF, 7925

Website

https://www.rextrueform.com

African And Overseas Enterprises Ltd is an investment holding company. The company operates in five segments: Retail division comprises the retailing of fashion apparel through Queenspark stores in South Africa. Property division comprises of the group's property portfolio based in Cape Town which includes both investment and owner-occupied properties.; Water infrastructure segment comprises an indirect investment made in a private water and wastewater utility group operating in the South African provinces of Mpumalanga and KwaZulu-Natal, Media and broadcasting comprises the provision of media and satellite equipment and services through Telemedia, and the Group Services division manages the corporate responsibility and includes corporate costs. The Retail Segment derives maximum revenue.

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