Biome Australia (ASX:BIO) Debt-to-Equity : 0.68 (As of Dec. 2023)

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What is Biome Australia Debt-to-Equity?

Biome Australia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.15 Mil. Biome Australia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.30 Mil. Biome Australia's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2.15 Mil. Biome Australia's debt to equity for the quarter that ended in Dec. 2023 was 0.68.

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

ASX:BIO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.68
Current: 0.68

During the past 3 years, the highest Debt-to-Equity Ratio of Biome Australia was 0.68. The lowest was 0.06. And the median was 0.09.

ASX:BIO's Debt-to-Equity is ranked worse than
65.54% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs ASX:BIO: 0.68

Biome Australia Debt-to-Equity Historical Data

The historical data trend for Biome Australia'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.

Biome Australia Debt-to-Equity Chart

Biome Australia Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

0.07

0.32

Biome Australia Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.06	0.07	0.09	0.32	0.68

Competitive Comparison of Biome Australia's Debt-to-Equity

For the Packaged Foods subindustry, Biome Australia'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.

Biome Australia's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Biome Australia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Biome Australia'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
	=	(0.225	+	0.921)	/	3.586
	=	0.32

Biome Australia'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
	=	(1.151	+	0.3)	/	2.147
	=	0.68

Biome Australia (ASX:BIO) 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.

Biome Australia Debt-to-Equity Related Terms

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Biome Australia (ASX:BIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Biome Australia Ltd (ASX:BIO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

192-194 Johnston Street, Collingwood, VIC, AUS, 3066

Website

https://www.biomeaustralia.com

Biome Australia Ltd licences, develops, and markets evidence-based, complementary medicines, including nutraceuticals food-based vitamins and weight management products and live biotherapeutics. The firm owns brands namely; Activated Nutrients: a range of completely organic, plant-based, all-in-one nutritional products; Activated Probiotics: a first-of-its-kind range of clinically-backed precision probiotics; and AXP, a certified range of performance products for athletes. Domestically it caters to Australia and In international markets, the Group distributes and markets its Activated Probiotics range in the United Kingdom and New Zealand through independent health practitioners. Key revenue is derived from domestic sales.