Italtile (JSE:ITE) Debt-to-Equity

: 0.12 (As of Dec. 2023)

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Italtile's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R555 Mil. Italtile's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R394 Mil. Italtile's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R7,928 Mil. Italtile's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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

JSE:ITE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.2
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Italtile was 0.20. The lowest was 0.01. And the median was 0.14.

JSE:ITE's Debt-to-Equity is ranked better than
83.57% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs JSE:ITE: 0.12

Italtile Debt-to-Equity Historical Data

The historical data trend for Italtile'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.

Italtile Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.14

0.16

0.14

0.12

Italtile 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																0.15	0.14	0.14	0.12	0.12

Competitive Comparison

For the Home Improvement Retail subindustry, Italtile'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.

Italtile Debt-to-Equity Distribution

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

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

Italtile Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Italtile'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
	=	(55	+	862)	/	7483
	=	0.12

Italtile'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
	=	(555	+	394)	/	7928
	=	0.12

Italtile (JSE:ITE) 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.

Italtile Debt-to-Equity Related Terms

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

Italtile (JSE:ITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Italtile Ltd (JSE:ITE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner William Nicol Drive and Peter Place, The Italtile Building, Bryanston, Johannesburg, GT, ZAF, 2021

Website

https://www.italtile.com

Italtile Ltd is a South Africa-based retailer of imported and local ceramic tiles, bathroom accessories, and related products. Its core business segments into five areas: retail, franchising, properties, manufacturing, and supply and support services. The company's four brands - Italtile, CTM, topT, and U-Light -provide tiles, bath fixtures, home finishing products, lighting, and other accessories. Its manufacturing includes the production of tiles, sanitaryware, baths, adhesive and related products. Italtile derives the majority of its pretax profit from South Africa, predominantly from its retail segment and secondarily from its manufacturing operations.

Italtile (JSE:ITE) Headlines

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