Rainbow Chicken (JSE:RBO) Debt-to-Equity : 0.10 (As of Jun. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Rainbow Chicken Debt-to-Equity?

Rainbow Chicken's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R234 Mil. Rainbow Chicken's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R162 Mil. Rainbow Chicken's Total Stockholders Equity for the quarter that ended in Jun. 2024 was R4,028 Mil. Rainbow Chicken's debt to equity for the quarter that ended in Jun. 2024 was 0.10.

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

JSE:RBO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 2.89 Max: 5.75
Current: 0.1

During the past 4 years, the highest Debt-to-Equity Ratio of Rainbow Chicken was 5.75. The lowest was 0.10. And the median was 2.89.

JSE:RBO's Debt-to-Equity is ranked better than
79.83% of 1656 companies
in the Consumer Packaged Goods industry
Industry Median: 0.395 vs JSE:RBO: 0.10

Rainbow Chicken Debt-to-Equity Historical Data

The historical data trend for Rainbow Chicken'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.

Rainbow Chicken Debt-to-Equity Chart

Rainbow Chicken Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

2.51

3.26

5.75

0.10

Rainbow Chicken Semi-Annual Data
	Jun21	Jun22	Jun23	Dec23	Jun24
Debt-to-Equity	2.51	3.26	5.75	0.10	0.10

Competitive Comparison of Rainbow Chicken's Debt-to-Equity

For the Packaged Foods subindustry, Rainbow Chicken'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.

Rainbow Chicken's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Rainbow Chicken Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rainbow Chicken's Debt to Equity Ratio for the fiscal year 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
	=	(233.649	+	161.789)	/	4028.034
	=	0.10

Rainbow Chicken'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
	=	(233.649	+	161.789)	/	4028.034
	=	0.10

Rainbow Chicken (JSE:RBO) 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.

Rainbow Chicken Debt-to-Equity Related Terms

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

Rainbow Chicken Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rainbow Chicken Ltd (JSE:RBO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Stanley Methven Road, Hammarsdale, Durban, NL, ZAF, 3701

Website

https://www.rainbowchickens.co.za

Rainbow Chicken Ltd is a fully integrated broiler producing company involved in all stages of chicken production from farm to fork. It creates the industry's superior animal feed and is involved in every step of the process delivering fresh, frozen, and further processed chicken of superior quality.

Rainbow Chicken Headlines

No Headlines