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Spinneys 1961 Holding (DFM:SPINNEYS) Debt-to-Equity : 4.93 (As of Mar. 2024)


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What is Spinneys 1961 Holding Debt-to-Equity?

Spinneys 1961 Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ153.3 Mil. Spinneys 1961 Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ796.6 Mil. Spinneys 1961 Holding's Total Stockholders Equity for the quarter that ended in Mar. 2024 was د.إ192.7 Mil. Spinneys 1961 Holding's debt to equity for the quarter that ended in Mar. 2024 was 4.93.

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 Spinneys 1961 Holding's Debt-to-Equity or its related term are showing as below:

DFM:SPINNEYS' s Debt-to-Equity Range Over the Past 10 Years
Min: 4.93   Med: 15.64   Max: 25.46
Current: 4.93

During the past 3 years, the highest Debt-to-Equity Ratio of Spinneys 1961 Holding was 25.46. The lowest was 4.93. And the median was 15.64.

DFM:SPINNEYS's Debt-to-Equity is ranked worse than
96.74% of 276 companies
in the Retail - Defensive industry
Industry Median: 0.585 vs DFM:SPINNEYS: 4.93

Spinneys 1961 Holding Debt-to-Equity Historical Data

The historical data trend for Spinneys 1961 Holding'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.

Spinneys 1961 Holding Debt-to-Equity Chart

Spinneys 1961 Holding Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
25.46 23.23 8.06

Spinneys 1961 Holding Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
Debt-to-Equity 25.46 23.23 N/A 8.06 4.93

Competitive Comparison of Spinneys 1961 Holding's Debt-to-Equity

For the Grocery Stores subindustry, Spinneys 1961 Holding'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.

Spinneys 1961 Holding's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Spinneys 1961 Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Spinneys 1961 Holding's Debt-to-Equity falls into.


Spinneys 1961 Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spinneys 1961 Holding'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
=(144.595 + 785.679) / 115.469
=8.06

Spinneys 1961 Holding's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(153.306 + 796.568) / 192.74
=4.93

* 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.

Spinneys 1961 Holding  (DFM:SPINNEYS) 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.

Spinneys 1961 Holding Debt-to-Equity Related Terms

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Spinneys 1961 Holding (DFM:SPINNEYS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Spinneys 1961 Holding plc (DFM:SPINNEYS) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
Nad Al Sheba First, 1st Floor, Meydan, ARE
Website
https://www.ipo.spinneys.com
Spinneys 1961 Holding plc with its subsidiaries engaged in the operation of supermarkets grocery retailers in the United Arab Emirates, Sultanate of Oman, and Saudi Arabia. It has two geographic reportable segments United Arab Emirates (UAE) and the Sultanate of Oman (Oman), and Others. It generates the majority of its revenue from the United Arab Emirates (UAE).

Spinneys 1961 Holding (DFM:SPINNEYS) Headlines

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