Grupo HerdezB de CV (Grupo HerdezB de CV) Debt-to-Equity : 1.40 (As of Mar. 2024)

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What is Grupo HerdezB de CV Debt-to-Equity?

Grupo HerdezB de CV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $24 Mil. Grupo HerdezB de CV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $600 Mil. Grupo HerdezB de CV's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $444 Mil. Grupo HerdezB de CV's debt to equity for the quarter that ended in Mar. 2024 was 1.40.

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 Grupo HerdezB de CV's Debt-to-Equity or its related term are showing as below:

GUZOF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.1 Max: 2.05
Current: 1.4

During the past 13 years, the highest Debt-to-Equity Ratio of Grupo HerdezB de CV was 2.05. The lowest was 0.80. And the median was 1.10.

GUZOF's Debt-to-Equity is ranked worse than
86.15% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs GUZOF: 1.40

Grupo HerdezB de CV Debt-to-Equity Historical Data

The historical data trend for Grupo HerdezB de CV'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.

Grupo HerdezB de CV Debt-to-Equity Chart

Grupo HerdezB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.11

1.43

1.59

1.66

1.47

Grupo HerdezB de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.67	1.70	1.67	1.47	1.40

Competitive Comparison of Grupo HerdezB de CV's Debt-to-Equity

For the Packaged Foods subindustry, Grupo HerdezB de CV'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.

Grupo HerdezB de CV's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grupo HerdezB de CV's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grupo HerdezB de CV's Debt-to-Equity falls into.

Grupo HerdezB de CV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grupo HerdezB de CV'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
	=	(26.632	+	589.183)	/	417.796
	=	1.47

Grupo HerdezB de CV'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
	=	(23.741	+	599.697)	/	443.924
	=	1.40

Grupo HerdezB de CV (OTCPK:GUZOF) 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.

Grupo HerdezB de CV Debt-to-Equity Related Terms

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Grupo HerdezB de CV (Grupo HerdezB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grupo Herdez SAB de CV (OTCPK:GUZOF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HERDEZ:Mexico

Address

Monte Pelvaoux 215, Col. Lomas de Chapultepec, Miguel Hidalgo, Mexico, MEX, 11000

Website

http://www.grupoherdez.com.mx

Grupo Herdez SAB de CV specialises in the processed food and ice cream industries, with its operations primarily in Mexico. The company engages in the manufacturing, purchasing, distributing, and marketing of canned and packaged food products in Mexico, as well as food products at the Mexican food segment within the United States. Product segments include burritos, canned vegetables, frozen yogurt, guacamole, and home-style salsas. Products are then sold through a variety of brands, such as Aires de Campo, Barilla, Bufalo and many more.

Grupo HerdezB de CV (Grupo HerdezB de CV) Headlines

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