1414 Degrees (ASX:14D) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is 1414 Degrees Debt-to-Equity?

1414 Degrees's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.27 Mil. 1414 Degrees's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. 1414 Degrees's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$9.02 Mil. 1414 Degrees's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 1414 Degrees's Debt-to-Equity or its related term are showing as below:

ASX:14D' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.14 Max: 0.2
Current: 0.03

During the past 5 years, the highest Debt-to-Equity Ratio of 1414 Degrees was 0.20. The lowest was 0.03. And the median was 0.14.

ASX:14D's Debt-to-Equity is ranked better than
95.4% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs ASX:14D: 0.03

1414 Degrees Debt-to-Equity Historical Data

The historical data trend for 1414 Degrees'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.

1414 Degrees Debt-to-Equity Chart

1414 Degrees Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.19

0.14

0.04

0.03

1414 Degrees Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.20	0.04	0.04	0.03	0.03

Competitive Comparison of 1414 Degrees's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, 1414 Degrees'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.

1414 Degrees's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, 1414 Degrees's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 1414 Degrees's Debt-to-Equity falls into.

1414 Degrees Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

1414 Degrees'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
	=	(0.227	+	0)	/	8.834
	=	0.03

1414 Degrees'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
	=	(0.274	+	0)	/	9.015
	=	0.03

1414 Degrees (ASX:14D) 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.

1414 Degrees Debt-to-Equity Related Terms

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1414 Degrees (ASX:14D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » 1414 Degrees Ltd (ASX:14D) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

136 Daws Road, Melrose Park, Sydney, SA, AUS, 5039

Website

https://www.1414degrees.com.au

1414 Degrees Ltd is focused on storing and output of electric power. The company patented thermal energy storage system (TESS) storing energy as latent heat in running silicon. It delivers an output of heat and electricity is sourced from renewables or the grid and is stored as latent heat at a constant temperature. Geographically, it operates only in Australia.

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