Clover (ASX:CLV) Debt-to-Equity : 0.24 (As of Jan. 2024)

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What is Clover Debt-to-Equity?

Clover's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was A$3.81 Mil. Clover's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was A$11.87 Mil. Clover's Total Stockholders Equity for the quarter that ended in Jan. 2024 was A$65.31 Mil. Clover's debt to equity for the quarter that ended in Jan. 2024 was 0.24.

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

ASX:CLV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.23 Max: 0.32
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Clover was 0.32. The lowest was 0.11. And the median was 0.23.

ASX:CLV's Debt-to-Equity is ranked better than
64.32% of 1637 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs ASX:CLV: 0.24

Clover Debt-to-Equity Historical Data

The historical data trend for Clover'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.

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Clover Debt-to-Equity Chart

Clover Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.30

0.25

0.24

0.19

0.17

Clover Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.19	0.18	0.17	0.24

Competitive Comparison of Clover's Debt-to-Equity

For the Packaged Foods subindustry, Clover'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.

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

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

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

Clover Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clover's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(2.129	+	9.583)	/	67.151
	=	0.17

Clover's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(3.81	+	11.872)	/	65.306
	=	0.24

Clover (ASX:CLV) 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.

Clover Debt-to-Equity Related Terms

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

Clover (ASX:CLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Clover Corp Ltd (ASX:CLV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Pinnacle Road, Altona North, Melbourne, VIC, AUS, 3025

Website

https://www.clovercorp.com.au

Clover Corp Ltd provides nutritional and functional ingredients. The company is involved in the production of encapsulated powders, and research and product development of functional food and infant nutrition ingredients. It offers Nu-Mega Hi docosahexaenoic acid tuna oils for use in infant formula and pharmaceutical products; and Ocean Gold refined tuna oils. Its products include DHA oils, DHA powders, and Microencapsulation. Geographically, the group has a business presence in Australia, New Zealand, Asia, Europe, and the Americas. Majority of the revenue is derived from Asia.