GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davis Commodities Ltd (NAS:DTCK) » Definitions » Debt-to-Equity

Davis Commodities (Davis Commodities) Debt-to-Equity : 0.07 (As of Dec. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Davis Commodities Debt-to-Equity?

Davis Commodities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.3 Mil. Davis Commodities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.5 Mil. Davis Commodities's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $10.3 Mil. Davis Commodities's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

DTCK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07   Med: 0.13   Max: 0.87
Current: 0.07

During the past 4 years, the highest Debt-to-Equity Ratio of Davis Commodities was 0.87. The lowest was 0.07. And the median was 0.13.

DTCK's Debt-to-Equity is ranked better than
85.01% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs DTCK: 0.07

Davis Commodities Debt-to-Equity Historical Data

The historical data trend for Davis Commodities'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.

Davis Commodities Debt-to-Equity Chart

Davis Commodities Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.87 0.14 0.11 0.07

Davis Commodities Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.14 0.24 0.11 0.11 0.07

Competitive Comparison of Davis Commodities's Debt-to-Equity

For the Farm Products subindustry, Davis Commodities'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.

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

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

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


Davis Commodities Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Davis Commodities'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
=(0.272 + 0.462) / 10.258
=0.07

Davis Commodities'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
=(0.272 + 0.462) / 10.258
=0.07

* 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.

Davis Commodities  (NAS:DTCK) 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.

Davis Commodities Debt-to-Equity Related Terms

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

Davis Commodities (Davis Commodities) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davis Commodities Ltd (NAS:DTCK) » Definitions » Debt-to-Equity
Comparable Companies
VFF GCEH ALCO SDOT SANW LOCL SHMP TAER AQB SISI ADM SZSE:002714 SZSE:300498 TSN SHSE:600438 BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
N/A
Address
10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079
Website
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore which specializes in trading of three main categories of agricultural commodities namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage and logistics services.