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Sea Harvest Group (JSE:SHG) Debt-to-Equity : 0.86 (As of Dec. 2023)


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What is Sea Harvest Group Debt-to-Equity?

Sea Harvest Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R408 Mil. Sea Harvest Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R2,479 Mil. Sea Harvest Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R3,354 Mil. Sea Harvest Group's debt to equity for the quarter that ended in Dec. 2023 was 0.86.

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 Sea Harvest Group's Debt-to-Equity or its related term are showing as below:

JSE:SHG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23   Med: 0.85   Max: 3.02
Current: 0.86

During the past 10 years, the highest Debt-to-Equity Ratio of Sea Harvest Group was 3.02. The lowest was 0.23. And the median was 0.85.

JSE:SHG's Debt-to-Equity is ranked worse than
73.24% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs JSE:SHG: 0.86

Sea Harvest Group Debt-to-Equity Historical Data

The historical data trend for Sea Harvest Group'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.

Sea Harvest Group Debt-to-Equity Chart

Sea Harvest Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.58 0.66 0.83 0.86

Sea Harvest Group Semi-Annual Data
Dec14 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.66 0.88 0.83 0.88 0.86

Competitive Comparison of Sea Harvest Group's Debt-to-Equity

For the Farm Products subindustry, Sea Harvest Group'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.

Sea Harvest Group's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sea Harvest Group's Debt-to-Equity distribution charts can be found below:

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


Sea Harvest Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sea Harvest Group'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
=(407.864 + 2478.932) / 3354.351
=0.86

Sea Harvest Group'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
=(407.864 + 2478.932) / 3354.351
=0.86

* 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.

Sea Harvest Group  (JSE:SHG) 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.

Sea Harvest Group Debt-to-Equity Related Terms

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Sea Harvest Group (JSE:SHG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sea Harvest Group Ltd (JSE:SHG) » Definitions » Debt-to-Equity
Comparable Companies
JSE:KAL JSE:QFH JSE:CKS JSE:ARL ADM SZSE:002714 SZSE:300498 SHSE:600438 TSN BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN XKLS:2445 XKLS:4065 BKK:CPF SZSE:002385 SHSE:600095 SHSE:600598
Traded in Other Exchanges
N/A
Address
Searle Street, 1st Floor, Block C, The Boulevard Office Park, Woodstock, Cape Town, ZAF, 7925
Website
https://www.seaharvest.co.za
Sea Harvest Group Ltd is engaged in the fishing of Cape Hake and Shark Bay Prawns along with Horse Mackerel, Pilchards, Anchovies, and a variety of farmed species, processing of the catch into frozen and chilled seafood, and the marketing of these products, locally and internationally. It operates in four segments: South African Fishing, Australian operation, Aquaculture, and Cape Harvest Foods segments." The majority of its revenue comes from the South African Fishing segment.