Mission Produce (Mission Produce) Debt-to-Equity : 0.51 (As of Jan. 2024)

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What is Mission Produce Debt-to-Equity?

Mission Produce's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $12.4 Mil. Mission Produce's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $245.0 Mil. Mission Produce's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $505.1 Mil. Mission Produce's debt to equity for the quarter that ended in Jan. 2024 was 0.51.

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

AVO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.45 Max: 0.65
Current: 0.51

During the past 6 years, the highest Debt-to-Equity Ratio of Mission Produce was 0.65. The lowest was 0.34. And the median was 0.45.

AVO's Debt-to-Equity is ranked better than
55.43% of 276 companies
in the Retail - Defensive industry
Industry Median: 0.62 vs AVO: 0.51

Mission Produce Debt-to-Equity Historical Data

The historical data trend for Mission Produce'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.

Mission Produce Debt-to-Equity Chart

Mission Produce Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.49

0.38

0.40

0.43

0.50

Mission Produce Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.49	0.56	0.54	0.50	0.51

Competitive Comparison of Mission Produce's Debt-to-Equity

For the Food Distribution subindustry, Mission Produce'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.

Mission Produce's Debt-to-Equity Distribution in the Retail - Defensive Industry

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

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

Mission Produce Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mission Produce's Debt to Equity Ratio for the fiscal year 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
	=	(15.9	+	236.8)	/	503.6
	=	0.50

Mission Produce's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(12.4	+	245)	/	505.1
	=	0.51

Mission Produce (NAS:AVO) 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.

Mission Produce Debt-to-Equity Related Terms

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

Mission Produce (Mission Produce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Mission Produce Inc (NAS:AVO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5YM:Germany

Address

2710 Camino Del Sol, Oxnard, CA, USA, 93030

Website

https://www.missionproduce.com

Mission Produce Inc is engaged in the business of producing and distributing avocados, serving retail, wholesale, and food service customers. Also, the company provides additional services like ripening, bagging, custom packing, and logistical management. The company's operating segments include Marketing and Distribution and International Farming and Blueberries. It generates maximum revenue from the Marketing and Distribution segment. The Marketing and Distribution segment sources fruit mainly from growers and then distributes fruit through a distribution network.

Executives

Bryan E Giles	officer: CHIEF FINANCIAL OFFICER	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Stephen J Barnard	director, officer: PRESIDENT AND CEO	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Tony B Sarsam	director	850 76TH STREET SW, PO BOX 8700, GRAND RAPIDS MI 49518
Luis A Gonzalez	director, 10 percent owner	C/O MISSION PRODUCE,INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Juan R Wiesner	officer: See Remarks	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Timothy Bulow	officer: President and COO	2710 CAMINO DEL SOL, OXNARD CA 93030
Bonnie Cruickshank Lind	director	3460 PRESTON RIDGE ROAD, ALPHARETTA GA 30005
Shaunte Danielle Mears-watkins	director	2710 CAMINO DEL SOL, OXNARD CA 93030
Joanne C Wu	officer: General Counsel and Secretary	C/O MISSION PRODUCE, INC., 2710 CAMINO DEL SOL, OXNARD CA 93030
Michael A Browne	officer: CHIEF OPERATING OFFICER	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Jay A Pack	director	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Steve A Beebe	director	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Ross W Wileman	officer: See Remarks	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Bruce C. Taylor	director, 10 percent owner	C/O TAYLOR FARMS, 911-B BLANCO CIRCLE, SALINAS CA 93901
Linda B Segre	director	2180 RUTHERFORD ROAD, CARLSBAD CA 92008