Grove Collaborative Holdings (Grove Collaborative Holdings) Debt-to-Equity : 4.94 (As of Dec. 2023)

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What is Grove Collaborative Holdings Debt-to-Equity?

Grove Collaborative Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.5 Mil. Grove Collaborative Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $86.1 Mil. Grove Collaborative Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $18.1 Mil. Grove Collaborative Holdings's debt to equity for the quarter that ended in Dec. 2023 was 4.94.

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 Grove Collaborative Holdings's Debt-to-Equity or its related term are showing as below:

GROV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 2.96 Max: 4.94
Current: 4.94

During the past 5 years, the highest Debt-to-Equity Ratio of Grove Collaborative Holdings was 4.94. The lowest was 0.39. And the median was 2.96.

GROV's Debt-to-Equity is ranked worse than
97.68% of 1637 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs GROV: 4.94

Grove Collaborative Holdings Debt-to-Equity Historical Data

The historical data trend for Grove Collaborative Holdings'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.

Grove Collaborative Holdings Debt-to-Equity Chart

Grove Collaborative Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.39

2.86

3.06

4.94

Grove Collaborative Holdings Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								3.06	3.19	4.27	3.74	4.94

Competitive Comparison of Grove Collaborative Holdings's Debt-to-Equity

For the Household & Personal Products subindustry, Grove Collaborative Holdings'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.

Grove Collaborative Holdings's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grove Collaborative Holdings's Debt-to-Equity distribution charts can be found below:

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

Grove Collaborative Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grove Collaborative Holdings's Debt to Equity Ratio for the fiscal year 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
	=	(3.489	+	86.066)	/	18.122
	=	4.94

Grove Collaborative Holdings'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
	=	(3.489	+	86.066)	/	18.122
	=	4.94

Grove Collaborative Holdings (NYSE:GROV) 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.

Grove Collaborative Holdings Debt-to-Equity Related Terms

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Grove Collaborative Holdings (Grove Collaborative Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grove Collaborative Holdings Inc (NYSE:GROV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1301 Sansome Street, San Francisco, CA, USA, 94111

Website

https://www.grove.co

Grove Collaborative Holdings Inc is engaged in providing consumer products. It offers Cleaning accessories, Home and Pantry, Personal care products, Pets supplements and Other products.

Executives

Christopher Clark	director, officer: Chief Digital Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Stuart Landesberg	director, 10 percent owner, officer: President & CEO	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Mayfield Xv, A Cayman Islands Exempted Limited Partnership	10 percent owner	2484 SAND HILL ROAD, MENLO PARK CA 94025
John B Replogle	director	C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
David A. Glazer	director	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Sergio Cervantes	officer: Chief Financial Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Jennie Perry	officer: Chief Marketing Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Sculptor Master Fund, Ltd.	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Kevin Michael Cleary	director	C/O GROVE COLLABORATIVE HOLDINGS, INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Oz Enhanced Master Fund, Ltd.	10 percent owner	9 WEST 57TH STREET, 39 FL., NEW YORK NY 10019
Sculptor Special Funding, Lp	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Capital Holding Corp	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Capital Holding Ii Llc	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Jon Erik Kossow	10 percent owner	525 UNIVERSITY AVENUE, SUITE 800, PALO ALTO CA 94025
Kristine E Miller	director	C/O CABLE ONE, INC., 210 E EARLL DRIVE, PHOENIX AZ 85012