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BlueScope Steel (ASX:BSL) Debt-to-Equity : 0.07 (As of Dec. 2023)


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What is BlueScope Steel Debt-to-Equity?

BlueScope Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$182 Mil. BlueScope Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$542 Mil. BlueScope Steel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$10,442 Mil. BlueScope Steel's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

ASX:BSL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07   Med: 0.18   Max: 0.42
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of BlueScope Steel was 0.42. The lowest was 0.07. And the median was 0.18.

ASX:BSL's Debt-to-Equity is ranked better than
87.28% of 558 companies
in the Steel industry
Industry Median: 0.41 vs ASX:BSL: 0.07

BlueScope Steel Debt-to-Equity Historical Data

The historical data trend for BlueScope Steel'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.

BlueScope Steel Debt-to-Equity Chart

BlueScope Steel Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.20 0.15 0.13 0.08

BlueScope Steel 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.13 0.13 0.08 0.07

Competitive Comparison of BlueScope Steel's Debt-to-Equity

For the Steel subindustry, BlueScope Steel'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.

BlueScope Steel's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BlueScope Steel's Debt-to-Equity distribution charts can be found below:

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


BlueScope Steel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BlueScope Steel'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
=(172.3 + 614.2) / 10467.4
=0.08

BlueScope Steel'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
=(181.8 + 542.2) / 10442.1
=0.07

* 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.

BlueScope Steel  (ASX:BSL) 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.

BlueScope Steel Debt-to-Equity Related Terms

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

BlueScope Steel (ASX:BSL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BlueScope Steel Ltd (ASX:BSL) » Definitions » Debt-to-Equity
Comparable Companies
ASX:CIA ASX:SGM ASX:VSL ASX:BCI ASX:MGX ASX:FEX ASX:BIS ASX:IRD ASX:M4M ASX:GWR NUE BOM:500228 NSE:TATASTEEL XKRX:005490 SHSE:600019 STLD XAMS:MT TSE:5401 MIC:CHMF RS
Traded in Other Exchanges
BLSFY:USA BLSFF:USA BH5:Germany
Address
181 William Street, Level 24, Melbourne, VIC, AUS, 3000
Website
https://www.bluescope.com
BlueScope is an Australian-based steelmaking firm with five business units. The Australian Steel Products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's U.S. mini-mill specializing in the production of hot rolled coil for U.S. construction and automotive sectors. Building Products Asia and North America operate across Southeast Asia, China, India, and the U.S. West Coast involved in metal-coating, painting, and roll-forming. New Zealand Steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. The Buildings North America segment specializes in non-residential buildings, including materials manufacturing and support services.