Australian Vintage (FRA:MGE) Debt-to-Equity : 0.51 (As of Dec. 2023)

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What is Australian Vintage Debt-to-Equity?

Australian Vintage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €5.2 Mil. Australian Vintage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €88.3 Mil. Australian Vintage's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €181.9 Mil. Australian Vintage's debt to equity for the quarter that ended in Dec. 2023 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 Australian Vintage's Debt-to-Equity or its related term are showing as below:

FRA:MGE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.37 Max: 0.51
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Australian Vintage was 0.51. The lowest was 0.27. And the median was 0.37.

FRA:MGE's Debt-to-Equity is ranked worse than
59.89% of 182 companies
in the Beverages - Alcoholic industry
Industry Median: 0.385 vs FRA:MGE: 0.51

Australian Vintage Debt-to-Equity Historical Data

The historical data trend for Australian Vintage'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.

Australian Vintage Debt-to-Equity Chart

Australian Vintage Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.27

0.44

0.32

0.42

0.44

Australian Vintage Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.47	0.42	0.46	0.44	0.51

Competitive Comparison of Australian Vintage's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Australian Vintage'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.

Australian Vintage's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Australian Vintage's Debt-to-Equity distribution charts can be found below:

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

Australian Vintage Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Australian Vintage'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
	=	(4.389	+	75.454)	/	180.338
	=	0.44

Australian Vintage'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
	=	(5.239	+	88.344)	/	181.949
	=	0.51

Australian Vintage (FRA:MGE) 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.

Australian Vintage Debt-to-Equity Related Terms

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

Australian Vintage (FRA:MGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Australian Vintage Ltd (FRA:MGE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AVG:Australia

Address

275 Sir Donald Bradman Drive, Cowandilla, Adelaide, SA, AUS, 5033

Website

https://www.australianvintage.com.au

Australian Vintage Ltd is principally engaged in winemaking, wine marketing, and vineyard management in Australia. Its geographical segments are Australia / New Zealand; UK, Europe and Americas, and Asia. The company derives a majority of revenue from UK, Europe and Americas segment. UK, Europe and Americas segment is engaged in the packaging, sales, and marketing of wine in the United Kingdom, Europe and the Americas through wholesale, distributor and retail channels.

Australian Vintage (FRA:MGE) Headlines

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