Shoprite Holdings (JSE:SHP) Debt-to-Equity : 1.73 (As of Dec. 2023)

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What is Shoprite Holdings Debt-to-Equity?

Shoprite Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R5,841 Mil. Shoprite Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R39,978 Mil. Shoprite Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R26,567 Mil. Shoprite Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.72.

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

JSE:SHP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 1.44 Max: 1.88
Current: 1.73

During the past 13 years, the highest Debt-to-Equity Ratio of Shoprite Holdings was 1.88. The lowest was 0.29. And the median was 1.44.

JSE:SHP's Debt-to-Equity is ranked worse than
83.37% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs JSE:SHP: 1.73

Shoprite Holdings Debt-to-Equity Historical Data

The historical data trend for Shoprite Holdings'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.

Shoprite Holdings Debt-to-Equity Chart

Shoprite Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.69

1.88

1.62

1.65

1.86

Shoprite Holdings 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															1.71	1.65	1.56	1.86	1.73

Competitive Comparison of Shoprite Holdings's Debt-to-Equity

For the Department Stores subindustry, Shoprite Holdings'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.

Shoprite Holdings's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

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

Shoprite Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shoprite Holdings'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
	=	(10302	+	38252)	/	26130
	=	1.86

Shoprite Holdings'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
	=	(5841	+	39978)	/	26567
	=	1.72

Shoprite Holdings (JSE:SHP) 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.

Shoprite Holdings Debt-to-Equity Related Terms

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

Shoprite Holdings (JSE:SHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shoprite Holdings Ltd (JSE:SHP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SHOPRITE:Zambia SRHGF:USA SRGHY:USA SRH:Namibia

Address

Cnr William Dabs Street and Old Paarl Road, Brackenfell, WC, ZAF, 7560

Website

https://www.shopriteholdings.co.za

Shoprite Holdings Ltd is part of The Shoprite Group of Companies, an African food retailer, which operates in countries across Africa and the Indian Ocean Islands. The primary business is food retailing. Besides food retailing, the company is operating in furniture, house products, fast foods, pharmacies, and liquor business segments. The company is targeting consumers at all income levels. The Checkers, Checkers Hyper, and House & Home stores address higher-income groups, while Shoprite Usave focuses on the lower end of the market. Shoprite and OK Furniture offer products for the middle- to lower-income market. The company's reportable segment includes, Supermarkets RSA, Supermarkets Non-RSA, Furniture and Other operating segment.

Shoprite Holdings (JSE:SHP) Headlines

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