Metair Investments (JSE:MTA) Debt-to-Equity : 0.79 (As of Jun. 2024)

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What is Metair Investments Debt-to-Equity?

Metair Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R3,403 Mil. Metair Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R1,066 Mil. Metair Investments's Total Stockholders Equity for the quarter that ended in Jun. 2024 was R5,674 Mil. Metair Investments's debt to equity for the quarter that ended in Jun. 2024 was 0.79.

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

JSE:MTA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.59 Max: 0.81
Current: 0.79

During the past 13 years, the highest Debt-to-Equity Ratio of Metair Investments was 0.81. The lowest was 0.11. And the median was 0.59.

JSE:MTA's Debt-to-Equity is ranked worse than
67.51% of 1188 companies
in the Vehicles & Parts industry
Industry Median: 0.475 vs JSE:MTA: 0.79

Metair Investments Debt-to-Equity Historical Data

The historical data trend for Metair Investments'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.

Metair Investments Debt-to-Equity Chart

Metair Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.59

0.65

0.77

0.71

Metair Investments Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.64	0.77	0.81	0.71	0.79

Competitive Comparison of Metair Investments's Debt-to-Equity

For the Auto Parts subindustry, Metair Investments'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.

Metair Investments's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Metair Investments's Debt-to-Equity distribution charts can be found below:

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

Metair Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Metair Investments'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
	=	(2787.03	+	1057.842)	/	5405.556
	=	0.71

Metair Investments's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(3402.732	+	1066.144)	/	5674.282
	=	0.79

Metair Investments (JSE:MTA) 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.

Metair Investments Debt-to-Equity Related Terms

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

Metair Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Metair Investments Ltd (JSE:MTA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

114 Oxford Road, Suite 7, Oxford and Glenhove Building, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

https://www.metair.co.za

Metair Investments Ltd manufactures energy storage products and automotive components. The energy storage division manufactures batteries for use in automotive applications and the telecoms, utility, mining, retail, and materials sectors. The automotive components division produces original equipment (OE) components used in the assembly of new vehicles, as well as spare parts and other products used in the automotive aftermarket. Some of its automotive component products are e brake pads, shock absorbers, lights, radiators, and air-conditioners. Its geographical segments are South Africa, Turkey & the United Kingdom, and Romania.