Currys (LSE:CURY) Debt-to-Equity : 0.72 (As of Oct. 2023)

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What is Currys Debt-to-Equity?

Currys's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £178 Mil. Currys's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £1,186 Mil. Currys's Total Stockholders Equity for the quarter that ended in Oct. 2023 was £1,886 Mil. Currys's debt to equity for the quarter that ended in Oct. 2023 was 0.72.

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

LSE:CURY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.51 Max: 1.01
Current: 0.72

During the past 13 years, the highest Debt-to-Equity Ratio of Currys was 1.01. The lowest was 0.15. And the median was 0.51.

LSE:CURY's Debt-to-Equity is ranked worse than
54.95% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs LSE:CURY: 0.72

Currys Debt-to-Equity Historical Data

The historical data trend for Currys'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.

Currys Debt-to-Equity Chart

Currys Annual Data

Trend

Mar13

Mar14

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.35

1.01

0.56

0.54

0.75

Currys Semi-Annual Data
	Mar13	Sep13	Mar14	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.52	0.54	0.80	0.75	0.72

Competitive Comparison of Currys's Debt-to-Equity

For the Specialty Retail subindustry, Currys'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.

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

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

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

Currys Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Currys's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(229	+	1198)	/	1892
	=	0.75

Currys's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(178	+	1186)	/	1886
	=	0.72

Currys (LSE:CURY) 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.

Currys Debt-to-Equity Related Terms

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

Currys (LSE:CURY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Currys PLC (LSE:CURY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DSITF:USA CURYl:UK

Address

1 Portal Way, London, GBR, W3 6RS

Website

https://www.currysplc.com

Currys PLC is an omnichannel retailer of technology products and services with 832 stores across eight countries. The company's main brands are Currys in the United Kingdom and Ireland, Elkjop in the Nordics, and Kotsovolos in Greece. Through the company's full range of services and support, customers can discover, choose, afford, and enjoy the right technology. Group operations are supported by a sourcing office in Hong Kong, state-of-the-art repair facilities, and a comprehensive distribution network that enables fast and efficient delivery to stores and homes.

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