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Best & Less Group holdings (ASX:BST) Debt-to-Equity : 3.18 (As of Dec. 2022)


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What is Best & Less Group holdings Debt-to-Equity?

Best & Less Group holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$49.2 Mil. Best & Less Group holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$162.0 Mil. Best & Less Group holdings's Total Stockholders Equity for the quarter that ended in Dec. 2022 was A$66.3 Mil. Best & Less Group holdings's debt to equity for the quarter that ended in Dec. 2022 was 3.18.

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 Best & Less Group holdings's Debt-to-Equity or its related term are showing as below:

ASX:BST's Debt-to-Equity is not ranked *
in the Retail - Cyclical industry.
Industry Median: 0.63
* Ranked among companies with meaningful Debt-to-Equity only.

Best & Less Group holdings Debt-to-Equity Historical Data

The historical data trend for Best & Less Group holdings'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.

Best & Less Group holdings Debt-to-Equity Chart

Best & Less Group holdings Annual Data
Trend Jun22
Debt-to-Equity
2.93

Best & Less Group holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22
Debt-to-Equity 10.83 3.00 2.93 3.18

Competitive Comparison of Best & Less Group holdings's Debt-to-Equity

For the Apparel Retail subindustry, Best & Less Group holdings'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.

Best & Less Group holdings's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Best & Less Group holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Best & Less Group holdings's Debt-to-Equity falls into.


Best & Less Group holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Best & Less Group holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 2022 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
=(45.714 + 167.468) / 72.714
=2.93

Best & Less Group holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
=(49.186 + 161.957) / 66.319
=3.18

* 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.

Best & Less Group holdings  (ASX:BST) 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.

Best & Less Group holdings Debt-to-Equity Related Terms

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

Best & Less Group holdings (ASX:BST) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best & Less Group holdings Ltd (ASX:BST) » Definitions » Debt-to-Equity
Comparable Companies
ASX:UNI ASX:CCX ASX:MOZ ASX:STP ASX:AX1 TJX XMAD:ITX TSE:9983 LULU ROST BURL LSE:NXT ONON BOM:500251 HKSE:06110 GPS VSCO TSE:2670 JSE:MRP FL
Traded in Other Exchanges
N/A
Address
657-673 Parramatta Road, Leichhardt, Sydney, NSW, AUS, 2040
Website
https://www.bestandless.com.au
Best & Less Group holdings Ltd is a holding company for an Australia and New Zealand-based value apparel retail business operating under the Best and Less brand in Australia. It generates revenue from the sale of clothing, footwear, and general merchandise, including online sales.