Spar Group (JSE:SPP) Debt-to-Equity : 2.63 (As of Sep. 2023)

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What is Spar Group Debt-to-Equity?

Spar Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R6,221 Mil. Spar Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R20,596 Mil. Spar Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R10,215 Mil. Spar Group's debt to equity for the quarter that ended in Sep. 2023 was 2.63.

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

JSE:SPP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 1.04 Max: 2.96
Current: 2.63

During the past 13 years, the highest Debt-to-Equity Ratio of Spar Group was 2.96. The lowest was 0.77. And the median was 1.04.

JSE:SPP's Debt-to-Equity is ranked worse than
87.36% of 277 companies
in the Retail - Defensive industry
Industry Median: 0.64 vs JSE:SPP: 2.63

Spar Group Debt-to-Equity Historical Data

The historical data trend for Spar 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.

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Spar Group Debt-to-Equity Chart

Spar Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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1.03

2.71

2.96

2.64

2.63

Spar Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															2.96	3.01	2.64	2.73	2.63

Competitive Comparison of Spar Group's Debt-to-Equity

For the Food Distribution subindustry, Spar 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.

Spar Group's Debt-to-Equity Distribution in the Retail - Defensive Industry

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

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

Spar Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spar Group's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(6220.6	+	20596.4)	/	10215.1
	=	2.63

Spar Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(6220.6	+	20596.4)	/	10215.1
	=	2.63

Spar Group (JSE:SPP) 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.

Spar Group Debt-to-Equity Related Terms

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

Spar Group (JSE:SPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Spar Group Ltd (JSE:SPP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SGPPY:USA

Address

22 Chancery Lane, P.O. Box 1589, Pinetown, NL, ZAF, 3600

Website

https://www.spar.co.za

Spar Group Ltd is a wholesaler and distributor of goods and services to the group's retail outlets such as SPAR stores, Build it builders' merchandise outlets, TOPS at SPAR liquor stores, and others across Southern Africa. The company also has operations that comprise independently owned SPAR, MACE, XL and Londis stores in Ireland and southwest England. The company provides independent retailers the option to own or lease its stores and operate under the SPAR brand. The Southern Africa segment represents the majority of group revenue, with Ireland contributing an increasing proportion. The company delivers goods to the stores by a fleet of trucks and trailers owned by the SPAR Group. The group has two primary private brands namely SPAR and SaveMor.

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