Hulamin (JSE:HLM) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is Hulamin Debt-to-Equity?

Hulamin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R1,006 Mil. Hulamin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R52 Mil. Hulamin's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R3,539 Mil. Hulamin's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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

JSE:HLM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.24 Max: 0.37
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Hulamin was 0.37. The lowest was 0.09. And the median was 0.24.

JSE:HLM's Debt-to-Equity is ranked worse than
51.17% of 2617 companies
in the Industrial Products industry
Industry Median: 0.28 vs JSE:HLM: 0.30

Hulamin Debt-to-Equity Historical Data

The historical data trend for Hulamin'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.

Hulamin Debt-to-Equity Chart

Hulamin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.37

0.29

0.30

Hulamin Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.44	0.30	0.31	0.30

Competitive Comparison of Hulamin's Debt-to-Equity

For the Metal Fabrication subindustry, Hulamin'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.

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

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

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

Hulamin Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hulamin'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
	=	(1005.654	+	51.875)	/	3538.574
	=	0.30

Hulamin'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
	=	(1005.654	+	51.875)	/	3538.574
	=	0.30

Hulamin (JSE:HLM) 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.

Hulamin Debt-to-Equity Related Terms

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

Hulamin (JSE:HLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hulamin Ltd (JSE:HLM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4H6:Germany

Address

Moses Mabhida Road, P.O. Box 74, Pietermaritzburg, NL, ZAF, 3200

Website

https://www.hulamin.co.za

Hulamin Ltd manufactures and markets rolled and extruded aluminum products. The group is organized into two major operating divisions, namely Hulamin Rolled Products, and Hulamin Extrusions. Its Hulamin Rolled Product segment is a key revenue driver, comprises Rolled Products and Containers businesses, manufactures and supplies fabricated and rolled semi-finished aluminum products. The Hulamin Extrusions segment manufactures and supplies extruded aluminum products. Its geographic segments of the group are South Africa, North America, Europe, Asia, Middle East, Australasia, South America, and the Rest of Africa, of which key revenue is generated from South Africa. The company serves the market of Automotive and transport; Building and construction; General engineering and Packaging.

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