RLF AgTech (ASX:RLF) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is RLF AgTech Debt-to-Equity?

RLF AgTech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.09 Mil. RLF AgTech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.49 Mil. RLF AgTech's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$5.98 Mil. RLF AgTech's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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

ASX:RLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.14 Max: 0.27
Current: 0.27

During the past 3 years, the highest Debt-to-Equity Ratio of RLF AgTech was 0.27. The lowest was 0.07. And the median was 0.14.

ASX:RLF's Debt-to-Equity is ranked better than
57.67% of 215 companies
in the Agriculture industry
Industry Median: 0.37 vs ASX:RLF: 0.27

RLF AgTech Debt-to-Equity Historical Data

The historical data trend for RLF AgTech'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.

RLF AgTech Debt-to-Equity Chart

RLF AgTech Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.04

0.07

0.18

RLF AgTech Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.07	0.09	0.18	0.27

Competitive Comparison of RLF AgTech's Debt-to-Equity

For the Agricultural Inputs subindustry, RLF AgTech'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.

RLF AgTech's Debt-to-Equity Distribution in the Agriculture Industry

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

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

RLF AgTech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RLF AgTech'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
	=	(0.876	+	0.632)	/	8.466
	=	0.18

RLF AgTech'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
	=	(1.092	+	0.494)	/	5.984
	=	0.27

RLF AgTech (ASX:RLF) 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.

RLF AgTech Debt-to-Equity Related Terms

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

RLF AgTech (ASX:RLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » RLF AgTech Ltd (ASX:RLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Dowd Street, Welshpool, Perth, WA, AUS, 6106

Website

https://www.rlfagtech.com

RLF AgTech Ltd is engaged in the manufacturing and sale of technology-based plant nutrition products. Its offerings include Seed Primers, Soil & Fertigation, and Foliar.

RLF AgTech (ASX:RLF) Headlines

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