Duty Free International (SGX:5SO) Debt-to-Equity : 0.31 (As of Nov. 2023)

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What is Duty Free International Debt-to-Equity?

Duty Free International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was S$1.25 Mil. Duty Free International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was S$29.07 Mil. Duty Free International's Total Stockholders Equity for the quarter that ended in Nov. 2023 was S$98.73 Mil. Duty Free International's debt to equity for the quarter that ended in Nov. 2023 was 0.31.

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 Duty Free International's Debt-to-Equity or its related term are showing as below:

SGX:5SO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.16 Max: 0.31
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of Duty Free International was 0.31. The lowest was 0.00. And the median was 0.16.

SGX:5SO's Debt-to-Equity is ranked better than
68.39% of 1003 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs SGX:5SO: 0.31

Duty Free International Debt-to-Equity Historical Data

The historical data trend for Duty Free International'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.

Duty Free International Debt-to-Equity Chart

Duty Free International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.04

0.22

0.26

0.29

0.31

Duty Free International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.31	0.30	0.30	0.31

Competitive Comparison of Duty Free International's Debt-to-Equity

For the Specialty Retail subindustry, Duty Free International'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.

Duty Free International's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

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

Duty Free International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Duty Free International's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(1.358	+	30.551)	/	104.297
	=	0.31

Duty Free International's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(1.253	+	29.065)	/	98.726
	=	0.31

Duty Free International (SGX:5SO) 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.

Duty Free International Debt-to-Equity Related Terms

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

Duty Free International (SGX:5SO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Duty Free International Ltd (SGX:5SO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

138 Cecil Street, No. 12-01A, Cecil Court, Singapore, SGP, 069538

Website

https://www.dfi.com.sg

Duty Free International Ltd is an Investment Holding company. The company operates through two divisions, which are Trading duty-free goods and non-dutiable merchandise and Investment holding others. The duty-free business of the company is its main revenue contributor and its activities involve trading duty-free goods and non-dutiable merchandise through its brand The Zon, situated at entry and exit points of international airports, seaports, international ferry terminals, border towns, and popular tourist destinations. The company's products entail imported duty-free beverages, tobacco products, chocolates and confectionery products, perfumery, cosmetics, and souvenirs. The activities of the group are mainly carried out in Malaysia.

Duty Free International (SGX:5SO) Headlines

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