Bidvest Group (JSE:BVT) Debt-to-Equity : 1.12 (As of Dec. 2023)

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What is Bidvest Group Debt-to-Equity?

Bidvest Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R9,314 Mil. Bidvest Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R28,742 Mil. Bidvest Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R34,016 Mil. Bidvest Group's debt to equity for the quarter that ended in Dec. 2023 was 1.12.

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

JSE:BVT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.61 Max: 1.52
Current: 1.12

During the past 13 years, the highest Debt-to-Equity Ratio of Bidvest Group was 1.52. The lowest was 0.43. And the median was 0.61.

JSE:BVT's Debt-to-Equity is ranked worse than
71.04% of 473 companies
in the Conglomerates industry
Industry Median: 0.56 vs JSE:BVT: 1.12

Bidvest Group Debt-to-Equity Historical Data

The historical data trend for Bidvest 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.

* Premium members only.

Bidvest Group Debt-to-Equity Chart

Bidvest Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.57

1.52

1.01

1.06

1.01

Bidvest Group 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															1.10	1.06	1.07	1.01	1.12

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

For the Conglomerates subindustry, Bidvest 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.

Bidvest Group's Debt-to-Equity Distribution in the Conglomerates Industry

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

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

Bidvest Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bidvest Group'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
	=	(6384.931	+	27025.917)	/	32992.176
	=	1.01

Bidvest Group'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
	=	(9313.642	+	28741.713)	/	34016.017
	=	1.12

Bidvest Group (JSE:BVT) 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.

Bidvest Group Debt-to-Equity Related Terms

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

Bidvest Group (JSE:BVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Bidvest Group Ltd (JSE:BVT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BDVSY:USA NQL1:Germany

Address

18 Crescent Drive, Bidvest House, Melrose Arch, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.bidvest.com

Bidvest Group Ltd is a South African distribution, manufacturing, and services company. The Group principally generates revenue from providing a wide range of goods and services through its segments; Services International, Services South Africa, Freight, Commercial Products, Branded Products, Financial Services and Automotive, Adcock Ingram, Properties and Corporate and Investments. The company earns majority of its revenue from Services International.

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