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enX Group (JSE:ENX) Debt-to-Equity : 0.11 (As of Aug. 2023)


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What is enX Group Debt-to-Equity?

enX Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R233 Mil. enX Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R49 Mil. enX Group's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R2,523 Mil. enX Group's debt to equity for the quarter that ended in Aug. 2023 was 0.11.

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

JSE:ENX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.81   Max: 2.47
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of enX Group was 2.47. The lowest was 0.01. And the median was 0.81.

JSE:ENX's Debt-to-Equity is ranked better than
73.15% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs JSE:ENX: 0.11

enX Group Debt-to-Equity Historical Data

The historical data trend for enX Group'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.

enX Group Debt-to-Equity Chart

enX Group Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 2.47 0.83 0.79 0.11

enX Group Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 0.63 0.79 0.63 0.11

Competitive Comparison of enX Group's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, enX Group'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.

enX Group's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, enX Group's Debt-to-Equity distribution charts can be found below:

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


enX Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

enX Group's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
=(232.836 + 48.757) / 2522.963
=0.11

enX Group's Debt to Equity Ratio for the quarter that ended in Aug. 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
=(232.836 + 48.757) / 2522.963
=0.11

* 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.

enX Group  (JSE:ENX) 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.

enX Group Debt-to-Equity Related Terms

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

enX Group (JSE:ENX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » enX Group Ltd (JSE:ENX) » Definitions » Debt-to-Equity
Comparable Companies
OSL:ISLAX OSL:IFISH OSL:BAKKA OSL:SALM OSL:GIGA OSL:AFISH GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME OTIS CMI ROK TSE:6273
Traded in Other Exchanges
N/A
Address
9th Floor, Kathryn Towers, 1 Park Lane, Sandton, PostNet Suite X86, Private Bag X7, Aston Manor, ZAF, 1630
Website
https://www.enxgroup.co.za
enX Group Ltd is a diversified industrial group that provides industrial equipment, parts, related components, support services, and petrochemical products to diverse industries in South Africa, Sub-Saharan Africa, and the UK. The company operates through three segments including enX Power, enX Lubricants and enX Chemicals. enX Power involves New Way Power designs, manufacturers, installs, rents and maintains diesel generators and distributes a range of industrial engines. enX Chemicals involves West African International imports, stores and distributes plastics, polymers, rubber and speciality chemicals as well as conveyor belting, steel cord and conveyer belting fabric into Southern Africa. enX Lubricants segment African Group Lubricants produces and markets oil lubricants.