South Ocean Holdings (JSE:SOH) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is South Ocean Holdings Debt-to-Equity?

South Ocean Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R31 Mil. South Ocean Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R134 Mil. South Ocean Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R670 Mil. South Ocean Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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 South Ocean Holdings's Debt-to-Equity or its related term are showing as below:

JSE:SOH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.21 Max: 0.47
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of South Ocean Holdings was 0.47. The lowest was 0.07. And the median was 0.21.

JSE:SOH's Debt-to-Equity is ranked better than
54.41% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs JSE:SOH: 0.25

South Ocean Holdings Debt-to-Equity Historical Data

The historical data trend for South Ocean Holdings'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.

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South Ocean Holdings Debt-to-Equity Chart

South Ocean Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.11

0.10

0.07

0.25

South Ocean Holdings 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															0.10	0.15	0.07	0.41	0.25

Competitive Comparison of South Ocean Holdings's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, South Ocean Holdings'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.

South Ocean Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

South Ocean Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

South Ocean Holdings'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
	=	(30.643	+	134.27)	/	670.43
	=	0.25

South Ocean Holdings'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
	=	(30.643	+	134.27)	/	670.43
	=	0.25

South Ocean Holdings (JSE:SOH) 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.

South Ocean Holdings Debt-to-Equity Related Terms

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

South Ocean Holdings (JSE:SOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » South Ocean Holdings Ltd (JSE:SOH) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

16 Botha Street, Alrode, ZAF, 1451

Website

https://southoceanholdings.co.za

South Ocean Holdings Ltd is an investment holding company. The Company through its subsidiaries manufactures electrical wires, imports and distributes electrical accessories, general-purpose insulated wire, a range of flexible conductors, steel wire armored cables, flat-twin and earth cables, aluminum conductor steel reinforced (ACSR) cables, aerial bundle conductors (ABC) and surface wire investment company and light fittings assembly. The operating segments of the company include Electrical cable manufacturing and Property investments. The company earns maximum revenue by selling Copper cables The group operates in South Africa.

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