Spark New Zealand (Spark New Zealand) Debt-to-Equity : 1.43 (As of Dec. 2023)

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What is Spark New Zealand Debt-to-Equity?

Spark New Zealand's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $376 Mil. Spark New Zealand's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,110 Mil. Spark New Zealand's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,038 Mil. Spark New Zealand's debt to equity for the quarter that ended in Dec. 2023 was 1.43.

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 Spark New Zealand's Debt-to-Equity or its related term are showing as below:

SPKKY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.92 Max: 1.47
Current: 1.43

During the past 13 years, the highest Debt-to-Equity Ratio of Spark New Zealand was 1.47. The lowest was 0.39. And the median was 0.92.

SPKKY's Debt-to-Equity is ranked worse than
73.64% of 349 companies
in the Telecommunication Services industry
Industry Median: 0.65 vs SPKKY: 1.43

Spark New Zealand Debt-to-Equity Historical Data

The historical data trend for Spark New Zealand'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.

Spark New Zealand Debt-to-Equity Chart

Spark New Zealand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.29

1.37

1.24

1.27

0.94

Spark New Zealand 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															1.30	1.27	0.90	0.94	1.43

Competitive Comparison of Spark New Zealand's Debt-to-Equity

For the Telecom Services subindustry, Spark New Zealand'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.

Spark New Zealand's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Spark New Zealand's Debt-to-Equity distribution charts can be found below:

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

Spark New Zealand Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spark New Zealand'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
	=	(192.638	+	930.061)	/	1190.184
	=	0.94

Spark New Zealand'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
	=	(376.478	+	1110.143)	/	1037.959
	=	1.43

Spark New Zealand (OTCPK:SPKKY) 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.

Spark New Zealand Debt-to-Equity Related Terms

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

Spark New Zealand (Spark New Zealand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spark New Zealand Ltd (OTCPK:SPKKY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NZTCF:USA SPK:New Zealand NZT:Germany SPK:Australia

Address

167 Victoria Street West, Level 2, Spark City, Private Bag 92028, Auckland, NTL, NZL, 1010

Website

https://www.sparknz.co.nz

Spark is one of only three integrated telecommunications groups in New Zealand. It is the dominant provider of fixed-line services in the country and effectively equal-number-one player in the mobile telephony market. It also has a commanding presence in the New Zealand corporate and wholesale telecommunications services provision space. Spark's operations are split into mobile, voice, broadband, and digital-related services.