Workforce Holdings (JSE:WKF) Debt-to-Equity : 0.03 (As of Jun. 2024)

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What is Workforce Holdings Debt-to-Equity?

Workforce Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R20 Mil. Workforce Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R7 Mil. Workforce Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was R905 Mil. Workforce Holdings's debt to equity for the quarter that ended in Jun. 2024 was 0.03.

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

JSE:WKF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.51 Max: 0.81
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Workforce Holdings was 0.81. The lowest was 0.03. And the median was 0.51.

JSE:WKF's Debt-to-Equity is not ranked
in the Business Services industry.
Industry Median: 0.36 vs JSE:WKF: 0.03

Workforce Holdings Debt-to-Equity Historical Data

The historical data trend for Workforce 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.

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Workforce Holdings Debt-to-Equity Chart

Workforce Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.54

0.42

0.46

0.51

0.46

Workforce Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.51	0.05	0.46	0.03

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

For the Staffing & Employment Services subindustry, Workforce 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.

Workforce Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Workforce Holdings's Debt-to-Equity distribution charts can be found below:

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

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Workforce Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Workforce Holdings'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
	=	(337.291	+	67.421)	/	874.565
	=	0.46

Workforce Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(20.106	+	6.78)	/	904.675
	=	0.03

Workforce Holdings (JSE:WKF) 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.

Workforce Holdings Debt-to-Equity Related Terms

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

Workforce Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Workforce Holdings Ltd (JSE:WKF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Wellington Road, Parktown, Johannesburg, ZAF, 2193

Website

https://www.workforce.co.za

Workforce Holdings Ltd is an investment holding company. It has structured its operations into the following business segments: the Staffing and outsourcing segment comprises the provision of staff and labor outsourcing solutions; the Training and education segment provides industry and job-specific skills assessments; the Healthcare segment comprises recruitment and placement of medical professionals for hospitals and other healthcare-related business; Financial services segment comprises death and disability cover, funeral cover, hospital cover, day-to-day medical insurance, and financial and mobile products and services. The majority of its revenue comes from the Staffing and outsourcing segment.

Workforce Holdings Headlines

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