InvoCare (ASX:IVC) Debt-to-Equity : 0.66 (As of Jun. 2023)

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What is InvoCare Debt-to-Equity?

InvoCare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$22.3 Mil. InvoCare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$398.8 Mil. InvoCare's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$636.7 Mil. InvoCare's debt to equity for the quarter that ended in Jun. 2023 was 0.66.

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

ASX:IVC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 1.08 Max: 2.35
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of InvoCare was 2.35. The lowest was 0.63. And the median was 1.08.

ASX:IVC's Debt-to-Equity is not ranked
in the Personal Services industry.
Industry Median: 0.76 vs ASX:IVC: 0.66

InvoCare Debt-to-Equity Historical Data

The historical data trend for InvoCare'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.

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InvoCare Debt-to-Equity Chart

InvoCare Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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2.35

1.76

0.78

0.63

0.70

InvoCare Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.74	0.63	0.68	0.70	0.66

Competitive Comparison of InvoCare's Debt-to-Equity

For the Personal Services subindustry, InvoCare'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.

InvoCare's Debt-to-Equity Distribution in the Personal Services Industry

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

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

InvoCare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

InvoCare's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(21.475	+	361.585)	/	543.839
	=	0.70

InvoCare's Debt to Equity Ratio for the quarter 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
	=	(22.309	+	398.792)	/	636.702
	=	0.66

InvoCare (ASX:IVC) 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.

InvoCare Debt-to-Equity Related Terms

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

InvoCare (ASX:IVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » InvoCare Ltd (ASX:IVC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Mount Street, Level 5, North Sydney, NSW, AUS, 2060

Website

https://www.invocare.com.au

InvoCare is the largest funeral, cemetery, and crematorium operator in Australia and New Zealand. We estimate InvoCare enjoys over a third of revenue share in Australia, and around a fifth in New Zealand, and is the number one player in both countries. Australia contributes the vast majority of consolidated earnings. InvoCare owns a portfolio of over 60 brands, including three flagship national Australian brands: White Lady, Simplicity Funerals, and Value Cremations, and owns and operates 290 funeral homes, along with 16 cemeteries and crematoria.

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