IDT Australia (ASX:IDT) Debt-to-Equity : 0.18 (As of Dec. 2024)

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What is IDT Australia Debt-to-Equity?

IDT Australia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$4.70 Mil. IDT Australia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. IDT Australia's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$26.68 Mil. IDT Australia's debt to equity for the quarter that ended in Dec. 2024 was 0.18.

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

ASX:IDT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.19
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of IDT Australia was 0.19. The lowest was 0.00. And the median was 0.03.

ASX:IDT's Debt-to-Equity is ranked better than
60.99% of 828 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs ASX:IDT: 0.18

IDT Australia Debt-to-Equity Historical Data

The historical data trend for IDT 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.

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IDT Australia Debt-to-Equity Chart

IDT Australia Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.03

0.19

IDT Australia Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															-	0.03	0.10	0.19	0.18

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

For the Drug Manufacturers - Specialty & Generic subindustry, IDT 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.

IDT Australia's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, IDT Australia's Debt-to-Equity distribution charts can be found below:

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

IDT Australia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IDT Australia's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(4.468	+	0)	/	23.441
	=	0.19

IDT Australia's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(4.7	+	0)	/	26.678
	=	0.18

IDT Australia (ASX:IDT) 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.

IDT Australia Debt-to-Equity Related Terms

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IDT Australia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » IDT Australia Ltd (ASX:IDT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Wadhurst Drive, Boronia, Melbourne, VIC, AUS, 3155

Website

https://www.idtaus.com.au

IDT Australia Ltd produces, develops, and supplies pharmaceutical products. It is engaged in the provision of research and development and other technical services for the pharmaceutical and allied industries. The company is involved in the manufacture of Active Pharmaceutical Ingredients (API) and Finished Dose Forms (FDF), microbiological and analytical testing, clinical packaging, and pharmacy services.