Bakkavor Group (LSE:BAKK) Debt-to-Equity : 0.59 (As of Dec. 2023)

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What is Bakkavor Group Debt-to-Equity?

Bakkavor Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £37 Mil. Bakkavor Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £319 Mil. Bakkavor Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £608 Mil. Bakkavor Group's debt to equity for the quarter that ended in Dec. 2023 was 0.59.

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

LSE:BAKK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.7 Max: 1.57
Current: 0.59

During the past 10 years, the highest Debt-to-Equity Ratio of Bakkavor Group was 1.57. The lowest was 0.56. And the median was 0.70.

LSE:BAKK's Debt-to-Equity is ranked worse than
61.41% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs LSE:BAKK: 0.59

Bakkavor Group Debt-to-Equity Historical Data

The historical data trend for Bakkavor 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.

Bakkavor Group Debt-to-Equity Chart

Bakkavor Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.81

0.73

0.63

0.68

0.59

Bakkavor Group Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.63	0.64	0.68	0.64	0.59

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

For the Packaged Foods subindustry, Bakkavor 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.

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

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

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

Bakkavor Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bakkavor Group'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
	=	(37	+	318.9)	/	607.6
	=	0.59

Bakkavor Group'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
	=	(37	+	318.9)	/	607.6
	=	0.59

Bakkavor Group (LSE:BAKK) 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.

Bakkavor Group Debt-to-Equity Related Terms

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Bakkavor Group (LSE:BAKK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bakkavor Group PLC (LSE:BAKK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BAKKl:UK

Address

8 Mortimer Street, Fitzroy Place, 5th Floor, London, GBR, W1T 3JJ

Website

https://www.bakkavor.com

Bakkavor Group PLC manufactures and markets a wide variety of freshly prepared food, covering a range of categories including meals, desserts, pizza & bread and salads. Some of its other products include soups & sauces, bread & dips, food-to-go, salads, fresh-cut salads, sandwiches & wraps, and bakery products. Its customers include grocery retailers as well as international food brands. Its geographical segments are the United Kingdom, United States, and China, of which the most of its revenue comes from the United Kingdom.

Bakkavor Group (LSE:BAKK) Headlines

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