Mercury NZ (NZSE:MCY) Debt-to-Equity : 0.40 (As of Jun. 2024)

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What is Mercury NZ Debt-to-Equity?

Mercury NZ's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NZ$383 Mil. Mercury NZ's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NZ$1,558 Mil. Mercury NZ's Total Stockholders Equity for the quarter that ended in Jun. 2024 was NZ$4,849 Mil. Mercury NZ's debt to equity for the quarter that ended in Jun. 2024 was 0.40.

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

NZSE:MCY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.36 Max: 0.41
Current: 0.4

During the past 12 years, the highest Debt-to-Equity Ratio of Mercury NZ was 0.41. The lowest was 0.34. And the median was 0.36.

NZSE:MCY's Debt-to-Equity is ranked better than
70.43% of 399 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs NZSE:MCY: 0.40

Mercury NZ Debt-to-Equity Historical Data

The historical data trend for Mercury NZ'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.

Mercury NZ Debt-to-Equity Chart

Mercury NZ Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.35

0.36

0.41

0.39

0.40

Mercury NZ Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.41	0.38	0.39	0.42	0.40

Competitive Comparison of Mercury NZ's Debt-to-Equity

For the Utilities - Renewable subindustry, Mercury NZ'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.

Mercury NZ's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's Debt-to-Equity distribution charts can be found below:

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

Mercury NZ Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mercury NZ'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
	=	(383	+	1558)	/	4849
	=	0.40

Mercury NZ'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
	=	(383	+	1558)	/	4849
	=	0.40

Mercury NZ (NZSE:MCY) 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.

Mercury NZ Debt-to-Equity Related Terms

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Mercury NZ Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Mercury NZ Ltd (NZSE:MCY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MGHTF:USA MRY:Germany MCY:Australia

Address

33 Broadway, The Mercury Building, P O Box 90399, Newmarket, Auckland, NTL, NZL, 1142

Website

https://www.mercury.co.nz

Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.