WasteCo Group (NZSE:WCO) Debt-to-Equity : 2.77 (As of Mar. 2024)

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What is WasteCo Group Debt-to-Equity?

WasteCo Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$11.80 Mil. WasteCo Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$33.61 Mil. WasteCo Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NZ$16.39 Mil. WasteCo Group's debt to equity for the quarter that ended in Mar. 2024 was 2.77.

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

NZSE:WCO' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.49 Med: 1.06 Max: 2.82
Current: 2.77

During the past 11 years, the highest Debt-to-Equity Ratio of WasteCo Group was 2.82. The lowest was -1.49. And the median was 1.06.

NZSE:WCO's Debt-to-Equity is ranked worse than
96.36% of 220 companies
in the Waste Management industry
Industry Median: 0.74 vs NZSE:WCO: 2.77

WasteCo Group Debt-to-Equity Historical Data

The historical data trend for WasteCo 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.

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WasteCo Group Debt-to-Equity Chart

WasteCo Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-1.49

-1.05

2.82

2.77

WasteCo Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-1.05	-1.04	2.82	2.02	2.77

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

For the Waste Management subindustry, WasteCo 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.

WasteCo Group's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, WasteCo Group's Debt-to-Equity distribution charts can be found below:

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

WasteCo Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WasteCo Group's Debt to Equity Ratio for the fiscal year 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
	=	(11.802	+	33.611)	/	16.387
	=	2.77

WasteCo Group'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
	=	(11.802	+	33.611)	/	16.387
	=	2.77

WasteCo Group (NZSE:WCO) 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.

WasteCo Group Debt-to-Equity Related Terms

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WasteCo Group (NZSE:WCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » WasteCo Group Ltd (NZSE:WCO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

421 Blenheim Road, Upper Riccarton, Christchurch, NZL, 8041

Website

https://www.wasteco.co.nz

WasteCo Group Ltd provides solutions in the collection of waste and recycling, sweeping services, and industrial cleaning services and is also committed to providing solutions for all liquid and solid waste removal, treatment, and disposal. The Group derives revenue from Waste collection, recycling, and disposal services, Sweeping services, and Industrial cleaning services.

WasteCo Group (NZSE:WCO) Headlines

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