Argent Industrial (JSE:ART) Debt-to-Equity : 0.06 (As of Sep. 2024)

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What is Argent Industrial Debt-to-Equity?

Argent Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was R48 Mil. Argent Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was R61 Mil. Argent Industrial's Total Stockholders Equity for the quarter that ended in Sep. 2024 was R1,778 Mil. Argent Industrial's debt to equity for the quarter that ended in Sep. 2024 was 0.06.

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

JSE:ART' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.14 Max: 0.24
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Argent Industrial was 0.24. The lowest was 0.06. And the median was 0.14.

JSE:ART's Debt-to-Equity is ranked better than
87.97% of 557 companies
in the Steel industry
Industry Median: 0.43 vs JSE:ART: 0.06

Argent Industrial Debt-to-Equity Historical Data

The historical data trend for Argent Industrial'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.

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Argent Industrial Debt-to-Equity Chart

Argent Industrial Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.24

0.17

0.16

0.10

0.07

Argent Industrial Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.10	0.10	0.07	0.06

Competitive Comparison of Argent Industrial's Debt-to-Equity

For the Steel subindustry, Argent Industrial'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.

Argent Industrial's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Argent Industrial's Debt-to-Equity distribution charts can be found below:

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

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Argent Industrial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Argent Industrial's Debt to Equity Ratio for the fiscal year 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
	=	(41.975	+	74.309)	/	1695.724
	=	0.07

Argent Industrial's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(47.887	+	60.756)	/	1777.661
	=	0.06

Argent Industrial (JSE:ART) 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.

Argent Industrial Debt-to-Equity Related Terms

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

Argent Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Argent Industrial Ltd (JSE:ART) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Floor, Ridge 63, 8 Sinembe Crescent, Sinembe Park, PO Box 5108, La Lucia Ridge Office Estate, Durban, NL, ZAF, 4019

Website

https://www.argent.co.za

Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up of ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.

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