Presco (NSA:PRESCO) Debt-to-Equity : 0.83 (As of Mar. 2024)

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What is Presco Debt-to-Equity?

Presco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦9,570 Mil. Presco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦57,715 Mil. Presco's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₦81,219 Mil. Presco's debt to equity for the quarter that ended in Mar. 2024 was 0.83.

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

NSA:PRESCO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.9 Max: 1.99
Current: 0.83

During the past 11 years, the highest Debt-to-Equity Ratio of Presco was 1.99. The lowest was 0.13. And the median was 0.90.

NSA:PRESCO's Debt-to-Equity is ranked worse than
72.37% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs NSA:PRESCO: 0.83

Presco Debt-to-Equity Historical Data

The historical data trend for Presco'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.

Presco Debt-to-Equity Chart

Presco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.90

N/A

1.99

1.94

1.23

Presco Quarterly Data
	Mar16	Dec16	Dec17	Dec18	Mar19	Dec19	Mar20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.37	1.32	1.18	1.23	0.83

Competitive Comparison of Presco's Debt-to-Equity

For the Farm Products subindustry, Presco'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.

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

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

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

Presco Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Presco'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
	=	(10126.433	+	60245.043)	/	57163.053
	=	1.23

Presco's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(9570.073	+	57714.97)	/	81218.641
	=	0.83

Presco (NSA:PRESCO) 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.

Presco Debt-to-Equity Related Terms

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

Presco (NSA:PRESCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Presco PLC (NSA:PRESCO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Km 22 Benin / Sapele Road, Ikpoba-Okha Local Government Area, Obaretin Estate, Benin City, Edo State, NGA

Website

http://www.presco-plc.com

Presco PLC is engaged in the cultivation of oil palms and the extraction, refining and fractioning of crude palm oil into vegetable oil and palm stearin. It produces specialty fats and oils. The company's products include Special Palm Oil, Refined, Bleached and Deodorised Palm Oil, palm olein, palm stearin, palm fatty acid distillate, palm kernel oil (crude and refined), and palm kernel cake. It generates revenue from the sales of crude and refined products , Sales of Fresh Fruit Bunches, and Mill by-products. Geographically the group has a business presence in Nigeria and Germany, of which key revenue is derived from operations within Nigeria.

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