Brimstone Investment (JSE:BRT) Debt-to-Equity : 1.56 (As of Jun. 2023)

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What is Brimstone Investment Debt-to-Equity?

Brimstone Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was R590 Mil. Brimstone Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was R4,494 Mil. Brimstone Investment's Total Stockholders Equity for the quarter that ended in Jun. 2023 was R3,252 Mil. Brimstone Investment's debt to equity for the quarter that ended in Jun. 2023 was 1.56.

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

JSE:BRT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 1.42 Max: 2.57
Current: 1.56

During the past 13 years, the highest Debt-to-Equity Ratio of Brimstone Investment was 2.57. The lowest was 0.39. And the median was 1.42.

JSE:BRT's Debt-to-Equity is ranked worse than
89.13% of 1638 companies
in the Consumer Packaged Goods industry
Industry Median: 0.405 vs JSE:BRT: 1.56

Brimstone Investment Debt-to-Equity Historical Data

The historical data trend for Brimstone Investment'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.

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Brimstone Investment Debt-to-Equity Chart

Brimstone Investment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.63

2.22

1.87

1.46

Brimstone Investment Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															1.53	1.46	1.72	1.46	1.56

Competitive Comparison of Brimstone Investment's Debt-to-Equity

For the Packaged Foods subindustry, Brimstone Investment'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.

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

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

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

Brimstone Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brimstone Investment's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(428.426	+	4428.65)	/	3323.504
	=	1.46

Brimstone Investment's Debt to Equity Ratio for the quarter 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
	=	(590.096	+	4493.522)	/	3252
	=	1.56

Brimstone Investment (JSE:BRT) 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.

Brimstone Investment Debt-to-Equity Related Terms

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Brimstone Investment (JSE:BRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Brimstone Investment Corp Ltd (JSE:BRT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BRN:South Africa

Address

1st Floor, Slade House, Boundary Terraces, 1 Mariendahl Lane, Newlands, GT, ZAF, 7700

Website

https://www.brimstone.co.za

Brimstone Investment Corp Ltd is an investment holding company. The company primarily invests in various sectors, including food, financial services, healthcare, and infrastructure, among others. It is also supplementary engaged in deep-sea trawling of the groundfish species called Hake, processing of the catch into frozen and chilled seafood and the marketing of these products. The primary business segments of the Group are Food and Investments. It generates maximum revenue from the Food segment.