Australian Agricultural Co (Australian Agricultural Co) Debt-to-Equity : 0.32 (As of Sep. 2023)

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What is Australian Agricultural Co Debt-to-Equity?

Australian Agricultural Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $9.1 Mil. Australian Agricultural Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $285.6 Mil. Australian Agricultural Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $933.8 Mil. Australian Agricultural Co's debt to equity for the quarter that ended in Sep. 2023 was 0.32.

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 Australian Agricultural Co's Debt-to-Equity or its related term are showing as below:

ASAGF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.38 Max: 0.49
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Australian Agricultural Co was 0.49. The lowest was 0.28. And the median was 0.38.

ASAGF's Debt-to-Equity is ranked better than
56.92% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs ASAGF: 0.32

Australian Agricultural Co Debt-to-Equity Historical Data

The historical data trend for Australian Agricultural Co'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.

Australian Agricultural Co Debt-to-Equity Chart

Australian Agricultural Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.43

0.45

0.38

0.30

0.28

Australian Agricultural Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.35	0.30	0.30	0.28	0.32

Competitive Comparison of Australian Agricultural Co's Debt-to-Equity

For the Farm Products subindustry, Australian Agricultural Co'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.

Australian Agricultural Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Australian Agricultural Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Australian Agricultural Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(8.275	+	278.785)	/	1042.781
	=	0.28

Australian Agricultural Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(9.137	+	285.589)	/	933.84
	=	0.32

Australian Agricultural Co (OTCPK:ASAGF) 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.

Australian Agricultural Co Debt-to-Equity Related Terms

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Australian Agricultural Co (Australian Agricultural Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Australian Agricultural Co Ltd (OTCPK:ASAGF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AAYYY:USA AY5:Germany AAC:Australia

Address

76 Skyring Terrace, Level 1, Tower A, Gasworks Plaza, Newstead, Brisbane, QLD, AUS, 4006

Website

https://www.aaco.com.au

Australian Agricultural Co Ltd raises cattle in Australia to process and export all over the world. It specializes in grass-fed beef, grain-fed beef, and a Japanese-style beef. The company invests in research and technologies to ensure high quality and enhance productivity. The technologies may focus on performance evaluations, feed efficiency, or disease testing. More opportunities for gathering data exist because the cattle are owned throughout the entire supply chain. The company's processing facility works to get the beef out on a timely basis and will turn to third parties in times of a shortage. The company distributes the beef by tailoring its route-to-market model to capitalize on regional opportunities.