Incitec Pivot (ASX:IPL) Debt-to-Equity

: 0.31 (As of Sep. 2023)

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Incitec Pivot's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$62 Mil. Incitec Pivot's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$1,904 Mil. Incitec Pivot's Total Stockholders Equity for the quarter that ended in Sep. 2023 was A$6,427 Mil. Incitec Pivot's debt to equity for the quarter that ended in Sep. 2023 was 0.31.

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

ASX:IPL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.44 Max: 0.57
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of Incitec Pivot was 0.57. The lowest was 0.31. And the median was 0.44.

ASX:IPL's Debt-to-Equity is ranked better than
53.48% of 1393 companies
in the Chemicals industry
Industry Median: 0.35 vs ASX:IPL: 0.31

Incitec Pivot Debt-to-Equity Historical Data

The historical data trend for Incitec Pivot'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.

Incitec Pivot Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

0.57

0.41

0.36

0.31

Incitec Pivot Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity																0.36	0.32	0.31	0.31	0.31

Competitive Comparison

For the Specialty Chemicals subindustry, Incitec Pivot'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.

Incitec Pivot Debt-to-Equity Distribution

For the Chemicals industry and Basic Materials sector, Incitec Pivot's Debt-to-Equity distribution charts can be found below:

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

Incitec Pivot Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Incitec Pivot's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(62.4	+	1904)	/	6426.8
	=	0.31

Incitec Pivot's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(62.4	+	1904)	/	6426.8
	=	0.31

Incitec Pivot (ASX:IPL) 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.

Incitec Pivot Debt-to-Equity Related Terms

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Incitec Pivot (ASX:IPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Incitec Pivot Ltd (ASX:IPL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

INCZY:USA ICPVF:USA I5P:Germany

Address

28 Freshwater Place, Level 8, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.incitecpivot.com.au

Incitec Pivot is a leading global explosives company with operations in Australia, Asia, and the Americas. We estimate its share of the global commercial explosives market at about 15%. Explosives contributes around 80% of EBIT. Incitec Pivot is also a major Australian fertilizer producer and distributor and is the only Australian manufacturer of ammonium phosphates and urea. Ammonium phosphates are sold in the domestic market and exported.

Incitec Pivot (ASX:IPL) Headlines

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