Golf Group (XTAE:GOLF) Debt-to-Equity : 2.85 (As of Mar. 2024)

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What is Golf Group Debt-to-Equity?

Golf Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪110.8 Mil. Golf Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪351.4 Mil. Golf Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₪162.4 Mil. Golf Group's debt to equity for the quarter that ended in Mar. 2024 was 2.85.

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

XTAE:GOLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 2.94 Max: 4.08
Current: 2.85

During the past 13 years, the highest Debt-to-Equity Ratio of Golf Group was 4.08. The lowest was 0.04. And the median was 2.94.

XTAE:GOLF's Debt-to-Equity is ranked worse than
90.47% of 1007 companies
in the Retail - Cyclical industry
Industry Median: 0.61 vs XTAE:GOLF: 2.85

Golf Group Debt-to-Equity Historical Data

The historical data trend for Golf 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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Golf Group Debt-to-Equity Chart

Golf Group Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.26

2.67

2.34

3.04

3.17

Golf Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.36	3.13	3.37	3.17	2.85

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

For the Specialty Retail subindustry, Golf 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.

Golf Group's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Golf Group's Debt-to-Equity distribution charts can be found below:

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

Golf Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golf Group'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
	=	(169.247	+	326.356)	/	156.299
	=	3.17

Golf 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
	=	(110.795	+	351.395)	/	162.411
	=	2.85

Golf Group (XTAE:GOLF) 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.

Golf Group Debt-to-Equity Related Terms

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Golf Group (XTAE:GOLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golf & Co Group Ltd (XTAE:GOLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamalka 5, Netanya, ISR, 69512

Website

http://www.golfco.co.il

Golf & Co Group Ltd operates retail chain stores offering home fashion products. It operates in the fields of fashion, textiles and home design. The company's offering includes home textile and home ware items such as bed linens, blankets, towels, dinnerware, drink ware, cookware and kitchen items, among others. It also provides spa products, as well as aromatherapy products. It also sales products through online site.