Oceana Group (JSE:OCE) Debt-to-Equity : 0.34 (As of Sep. 2023)

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What is Oceana Group Debt-to-Equity?

Oceana Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R628 Mil. Oceana Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R2,048 Mil. Oceana Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R7,782 Mil. Oceana Group's debt to equity for the quarter that ended in Sep. 2023 was 0.34.

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

JSE:OCE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.73 Max: 1.34
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Oceana Group was 1.34. The lowest was 0.18. And the median was 0.73.

JSE:OCE's Debt-to-Equity is ranked better than
54.97% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs JSE:OCE: 0.34

Oceana Group Debt-to-Equity Historical Data

The historical data trend for Oceana 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.

Oceana Group Debt-to-Equity Chart

Oceana Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.85

0.64

0.61

0.47

0.34

Oceana Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.61	0.79	0.47	0.58	0.34

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

For the Packaged Foods subindustry, Oceana 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.

Oceana Group's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oceana Group's Debt-to-Equity distribution charts can be found below:

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

Oceana Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oceana Group's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(628	+	2048)	/	7782
	=	0.34

Oceana Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(628	+	2048)	/	7782
	=	0.34

Oceana Group (JSE:OCE) 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.

Oceana Group Debt-to-Equity Related Terms

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Oceana Group (JSE:OCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oceana Group Ltd (JSE:OCE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OCGPF:USA OCG:Namibia O1F:Germany

Address

25 Jan Smuts Street, 9th Floor, Oceana House, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.oceana.co.za

Oceana Group Ltd is an African fishing company focused on catching, procuring, processing, marketing, and distributing canned fish, fishmeal, fish oil, lobster, horse mackerel, squid, and hake. Oceana Group also provides refrigerated warehouse facilities and logistical support services. The company's principal market is the lower-end consumer who prefers canned fish and horse mackerel. The majority of Oceana Group's revenue is derived from South Africa and Nambia. The company operates through four segments: Canned Fish and Fishmeal (Africa), which contributes the majority portion of revenue; Fishmeal and Fish Oil (USA); Horse Mackerel, Hake, Lobster, and Squid; and Commercial Cold Storage Logistics.

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