Jamaica Broilers Group (XJAM:JBG) Debt-to-Equity : 1.18 (As of Jul. 2024)

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What is Jamaica Broilers Group Debt-to-Equity?

Jamaica Broilers Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was JMD23,964 Mil. Jamaica Broilers Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was JMD13,602 Mil. Jamaica Broilers Group's Total Stockholders Equity for the quarter that ended in Jul. 2024 was JMD31,921 Mil. Jamaica Broilers Group's debt to equity for the quarter that ended in Jul. 2024 was 1.18.

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

XJAM:JBG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.93 Max: 1.38
Current: 1.18

During the past 13 years, the highest Debt-to-Equity Ratio of Jamaica Broilers Group was 1.38. The lowest was 0.48. And the median was 0.93.

XJAM:JBG's Debt-to-Equity is ranked worse than
82.28% of 1676 companies
in the Consumer Packaged Goods industry
Industry Median: 0.39 vs XJAM:JBG: 1.18

Jamaica Broilers Group Debt-to-Equity Historical Data

The historical data trend for Jamaica Broilers 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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Jamaica Broilers Group Debt-to-Equity Chart

Jamaica Broilers Group Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Debt-to-Equity

Get a 7-Day Free Trial

1.12

1.13

1.38

1.12

Jamaica Broilers Group Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-Equity	Get a 7-Day Free Trial															1.38	1.32	1.26	1.12	1.18

Competitive Comparison of Jamaica Broilers Group's Debt-to-Equity

For the Farm Products subindustry, Jamaica Broilers 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.

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

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

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

Jamaica Broilers Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jamaica Broilers Group's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(20098.378	+	14267.605)	/	30800.3
	=	1.12

Jamaica Broilers Group's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(23964.216	+	13602.054)	/	31921.351
	=	1.18

Jamaica Broilers Group (XJAM:JBG) 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.

Jamaica Broilers Group Debt-to-Equity Related Terms

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Jamaica Broilers Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jamaica Broilers Group Ltd (XJAM:JBG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Content, McCook’s Pen, Saint Catherine, JAM

Website

https://www.jamaicabroilersgroup.com

Jamaica Broilers Group Ltd is a Jamaica-based company engaged in the production and distribution of poultry products, animal feeds, and agricultural items. Its segments consist of Jamaica operations, US operations, Haiti operations, and Other Caribbean operations. The company's brands include Reggae Jammin, The Best Dressed Chicken, Hamilton's Smokehouse, Le Chic Poulet, Hi-Pro, International Poultry Breeders, Wincorp International, and Jamaica Egg Services. The majority of the revenue is derived from its Jamaica operations.

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