Select Harvests (Select Harvests) Debt-to-Equity : 1.02 (As of Sep. 2023)

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What is Select Harvests Debt-to-Equity?

Select Harvests's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $21.5 Mil. Select Harvests's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $249.1 Mil. Select Harvests's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $264.5 Mil. Select Harvests's debt to equity for the quarter that ended in Sep. 2023 was 1.02.

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

SHVTF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.54 Max: 1.02
Current: 1.02

During the past 13 years, the highest Debt-to-Equity Ratio of Select Harvests was 1.02. The lowest was 0.09. And the median was 0.54.

SHVTF's Debt-to-Equity is ranked worse than
78.56% of 1637 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SHVTF: 1.02

Select Harvests Debt-to-Equity Historical Data

The historical data trend for Select Harvests'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.

Select Harvests Debt-to-Equity Chart

Select Harvests Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.09

0.80

0.67

0.73

1.02

Select Harvests Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.67	0.70	0.73	0.97	1.02

Competitive Comparison of Select Harvests's Debt-to-Equity

For the Packaged Foods subindustry, Select Harvests'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.

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

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

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

Select Harvests Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Select Harvests's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(21.492	+	249.059)	/	264.476
	=	1.02

Select Harvests's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(21.492	+	249.059)	/	264.476
	=	1.02

Select Harvests (OTCPK:SHVTF) 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.

Select Harvests Debt-to-Equity Related Terms

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Select Harvests (Select Harvests) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Select Harvests Ltd (OTCPK:SHVTF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

H0I:Germany SHV:Australia

Address

570-588 Swan Street, L3, Building 7, Botanicca Corporate Park, Richmond, VIC, AUS, VIC 3121

Website

https://www.selectharvests.com.au

Select Harvests Ltd engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The company operates the Food Division and Almond Division. The Food division accounts for the majority of revenue processes, markets, and distributes edible nuts, dried fruits, seeds, and a range of natural health foods. The Almond Division grows, processes, and sells almonds to the food industry from company-owned almond orchards, and provides a range of management services to external owners of almond orchards, including orchard development, tree supply, farm management, land and irrigation infrastructure rental, and the sale of almonds on behalf of external investors.