Smartgroup (Smartgroup) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is Smartgroup Debt-to-Equity?

Smartgroup's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.9 Mil. Smartgroup's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $44.5 Mil. Smartgroup's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $163.2 Mil. Smartgroup's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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

STGXF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.29 Max: 0.77
Current: 0.3

During the past 10 years, the highest Debt-to-Equity Ratio of Smartgroup was 0.77. The lowest was 0.14. And the median was 0.29.

STGXF's Debt-to-Equity is ranked better than
56.51% of 929 companies
in the Business Services industry
Industry Median: 0.38 vs STGXF: 0.30

Smartgroup Debt-to-Equity Historical Data

The historical data trend for Smartgroup'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.

Smartgroup Debt-to-Equity Chart

Smartgroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.28

0.14

0.27

0.30

Smartgroup Semi-Annual Data
	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														0.14	0.30	0.27	0.28	0.30

Competitive Comparison of Smartgroup's Debt-to-Equity

For the Specialty Business Services subindustry, Smartgroup'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.

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

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

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

Smartgroup Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Smartgroup'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
	=	(3.93	+	44.461)	/	163.201
	=	0.30

Smartgroup'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
	=	(3.93	+	44.461)	/	163.201
	=	0.30

Smartgroup (OTCPK:STGXF) 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.

Smartgroup Debt-to-Equity Related Terms

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

Smartgroup (Smartgroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Smartgroup Corporation Ltd (OTCPK:STGXF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SIQ:Australia

Address

133 Castlereagh Street, National Head Office, Level 8, Sydney, NSW, AUS, 2000

Website

http://www.smartgroup.com.au

Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are: outsourced administration, or OA, vehicle services, or VS, and software, distribution and group services, or SDGS. Bulk of the group's revenue is generated from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. VS segment provides end-to-end vehicle fleet management services.

Smartgroup (Smartgroup) Headlines

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Full Year 2023 Smartgroup Corporation Ltd Earnings Presentation Transcript

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