Intertek Group (CHIX:ITRKL) Debt-to-Equity : 1.04 (As of Jun. 2024)

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What is Intertek Group Debt-to-Equity?

Intertek Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £116 Mil. Intertek Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £1,242 Mil. Intertek Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £1,309 Mil. Intertek Group's debt to equity for the quarter that ended in Jun. 2024 was 1.04.

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

CHIX:ITRKl' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.87 Med: 1.1 Max: 2.94
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Intertek Group was 2.94. The lowest was 0.87. And the median was 1.10.

CHIX:ITRKl's Debt-to-Equity is ranked worse than
76.06% of 919 companies
in the Business Services industry
Industry Median: 0.38 vs CHIX:ITRKl: 1.04

Intertek Group Debt-to-Equity Historical Data

The historical data trend for Intertek Group'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.

Intertek Group Debt-to-Equity Chart

Intertek Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.15

0.87

1.19

1.08

0.92

Intertek Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.23	1.08	1.08	0.92	1.04

Competitive Comparison of Intertek Group's Debt-to-Equity

For the Specialty Business Services subindustry, Intertek Group'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.

Intertek Group's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Intertek Group's Debt-to-Equity distribution charts can be found below:

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

Intertek Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Intertek Group's Debt to Equity Ratio for the fiscal year 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
	=	(166.7	+	1050.3)	/	1323.4
	=	0.92

Intertek Group's Debt to Equity Ratio for the quarter 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
	=	(116.4	+	1242.3)	/	1308.6
	=	1.04

Intertek Group (CHIX:ITRKl) 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.

Intertek Group Debt-to-Equity Related Terms

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Intertek Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Intertek Group PLC (CHIX:ITRKl) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IKTSY:USA IKTSF:USA ITRK:UK

Address

33 Cavendish Square, London, GBR, W1G 0PS

Website

https://www.intertek.com

FTSE 100 firm Intertek is one of the largest and oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. Intertek is one of only four TIC companies that operate globally across numerous industries. The firm listed in 2002, following a divestment by Charterhouse. It employs almost 44,000 people worldwide.

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