Dr. Martens (LSE:DOCS) Debt-to-Equity : 1.46 (As of Sep. 2023)

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What is Dr. Martens Debt-to-Equity?

Dr. Martens's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £73.0 Mil. Dr. Martens's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £456.7 Mil. Dr. Martens's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £363.6 Mil. Dr. Martens's debt to equity for the quarter that ended in Sep. 2023 was 1.46.

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 Dr. Martens's Debt-to-Equity or its related term are showing as below:

LSE:DOCS' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.85 Med: 1.36 Max: 2.59
Current: 1.46

During the past 6 years, the highest Debt-to-Equity Ratio of Dr. Martens was 2.59. The lowest was -8.85. And the median was 1.36.

LSE:DOCS's Debt-to-Equity is ranked worse than
84.19% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs LSE:DOCS: 1.46

Dr. Martens Debt-to-Equity Historical Data

The historical data trend for Dr. Martens'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.

Dr. Martens Debt-to-Equity Chart

Dr. Martens Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-8.85

2.59

2.45

1.20

1.10

Dr. Martens Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						1.89	1.20	1.26	1.10	1.46

Competitive Comparison of Dr. Martens's Debt-to-Equity

For the Footwear & Accessories subindustry, Dr. Martens'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.

Dr. Martens's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Dr. Martens's Debt-to-Equity distribution charts can be found below:

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

Dr. Martens Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dr. Martens's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(28.1	+	417.7)	/	404.2
	=	1.10

Dr. Martens'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
	=	(73	+	456.7)	/	363.6
	=	1.46

Dr. Martens (LSE:DOCS) 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.

Dr. Martens Debt-to-Equity Related Terms

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Dr. Martens (LSE:DOCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Dr. Martens PLC (LSE:DOCS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DRMTY:USA DOCMF:USA DOCSl:UK 3U2:Germany

Address

28 Jamestown Road, Camden, London, GBR, NW1 7BY

Website

https://www.drmartensplc.com

Dr. Martens PLC is engaged in the business of footwear. Its product segments include Originals, Fusion, Kids and Casual, and a complementary range of Accessories. Geographically, it derives a majority of revenue from EMEA and also has a presence in the Americas and APAC.