Doverddlery (FRA:D1R) Debt-to-Equity : 1.24 (As of Mar. 2015)

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What is Doverddlery Debt-to-Equity?

Doverddlery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2015 was €2.55 Mil. Doverddlery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2015 was €17.47 Mil. Doverddlery's Total Stockholders Equity for the quarter that ended in Mar. 2015 was €16.11 Mil. Doverddlery's debt to equity for the quarter that ended in Mar. 2015 was 1.24.

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

FRA:D1R's Debt-to-Equity is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 0.61
* Ranked among companies with meaningful Debt-to-Equity only.

Doverddlery Debt-to-Equity Historical Data

The historical data trend for Doverddlery'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.

Doverddlery Debt-to-Equity Chart

Doverddlery Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Debt-to-Equity

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0.54

0.62

0.52

0.54

0.80

Doverddlery Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Debt-to-Equity	Get a 7-Day Free Trial															1.02	1.02	1.09	0.80	1.24

Competitive Comparison of Doverddlery's Debt-to-Equity

For the Specialty Retail subindustry, Doverddlery'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.

Doverddlery's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Doverddlery's Debt-to-Equity distribution charts can be found below:

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

Doverddlery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Doverddlery's Debt to Equity Ratio for the fiscal year that ended in Dec. 2014 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
	=	(2.514	+	9.241)	/	14.681
	=	0.80

Doverddlery's Debt to Equity Ratio for the quarter that ended in Mar. 2015 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
	=	(2.554	+	17.473)	/	16.111
	=	1.24

Doverddlery (FRA:D1R) 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.

Doverddlery Debt-to-Equity Related Terms

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

Doverddlery (FRA:D1R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dover Saddlery Inc (FRA:D1R) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.doversaddlery.com

Dover Saddlery, Inc. is a Delaware Corporation. The Company was founded in 1975. It is a specialty retailer and the largest multi-channel marketer of premium, equestrian products in the U.S. The Company sells its products through a multi-channel strategy, including direct and retail. The Company offers a comprehensive selection of products required to own, ride, train and compete with a horse. The Company's equestrian product line includes a broad variety of separate items such as saddles, tack, specialized apparel, footwear, horse clothing, horse health and stable products. The Company has established itself as the largest multi-channel marketer of equestrian tack, specialized apparel, horse care and stable products in the U.S. and plans to continue its multi-channel retail strategy to capitalize on strong brand equity and utilize its customer database. This multi-channel strategy enables it to capture customer data, achieve operational synergies, provide a seamless and convenient shopping experience for its customers, cross market its products and reinforce its brand across channels. As of December 31, 2012, it operated seventeen stores under the Dover Saddlery brand and one store under the Smith Brothers brand. The Company is subject to numerous regulations governing the Internet and e-commerce, retailers generally, the importation, promotion and sale of merchandise, and the operation of retail stores and warehouse facilities.

Doverddlery (FRA:D1R) Headlines

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