Reece (ASX:REH) Debt-to-Equity : 0.50 (As of Dec. 2023)

View and export this data going back to 1974. Start your Free Trial

What is Reece Debt-to-Equity?

Reece's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$133 Mil. Reece's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,696 Mil. Reece's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3,673 Mil. Reece's debt to equity for the quarter that ended in Dec. 2023 was 0.50.

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

ASX:REH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.54 Max: 1.21
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Reece was 1.21. The lowest was 0.08. And the median was 0.54.

ASX:REH's Debt-to-Equity is ranked better than
50.75% of 134 companies
in the Industrial Distribution industry
Industry Median: 0.5 vs ASX:REH: 0.50

Reece Debt-to-Equity Historical Data

The historical data trend for Reece'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.

Reece Debt-to-Equity Chart

Reece Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.81

0.90

0.70

0.57

0.54

Reece Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.59	0.57	0.56	0.54	0.50

Competitive Comparison of Reece's Debt-to-Equity

For the Industrial Distribution subindustry, Reece'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.

Reece's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Reece's Debt-to-Equity distribution charts can be found below:

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

Reece Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reece's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(131.36	+	1830.407)	/	3625.424
	=	0.54

Reece's Debt to Equity Ratio for the quarter 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
	=	(132.917	+	1696.322)	/	3672.814
	=	0.50

Reece (ASX:REH) 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.

Reece Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Reece's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Reece (ASX:REH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Reece Ltd (ASX:REH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Private Bag 109, Burwood, Sydney, VIC, AUS, 3125

Website

https://www.reecegroup.com.au

Reece is an Australian distributor of plumbing supplies and bathroom products, with businesses in Australia, New Zealand, and the United States. Reece Australia holds Australia's largest range of individual plumbing stock-keeping units, supporting plumbing needs for general plumbing, bathrooms, kitchens, heating and air conditioning, irrigation, pools, commercial and government projects, and fire services.In the Australia and New Zealand markets, Reece's professional, or trade, customers are mostly small to medium plumbing businesses working in the areas of residential repairs, renovations, or new home builds.The U.S. business principally serves plumbers working on commercial and residential construction projects and has a network of almost 250 stores in the southern Sun Belt states.

Reece (ASX:REH) Headlines

No Headlines