Kitwave Group (LSE:KITW) Debt-to-Equity : 0.70 (As of Oct. 2023)

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What is Kitwave Group Debt-to-Equity?

Kitwave Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £12.8 Mil. Kitwave Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £46.3 Mil. Kitwave Group's Total Stockholders Equity for the quarter that ended in Oct. 2023 was £84.4 Mil. Kitwave Group's debt to equity for the quarter that ended in Oct. 2023 was 0.70.

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

LSE:KITW' s Debt-to-Equity Range Over the Past 10 Years
Min: -19.89 Med: 0.68 Max: 148.3
Current: 0.7

During the past 5 years, the highest Debt-to-Equity Ratio of Kitwave Group was 148.30. The lowest was -19.89. And the median was 0.68.

LSE:KITW's Debt-to-Equity is ranked worse than
53.43% of 277 companies
in the Retail - Defensive industry
Industry Median: 0.6 vs LSE:KITW: 0.70

Kitwave Group Debt-to-Equity Historical Data

The historical data trend for Kitwave 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.

Kitwave Group Debt-to-Equity Chart

Kitwave Group Annual Data

Trend

Apr18

Apr19

Oct21

Oct22

Oct23

Debt-to-Equity

-19.89

148.30

0.64

0.68

0.70

Kitwave Group Semi-Annual Data
	Apr18	Apr19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial			0.64	0.83	0.68	0.90	0.70

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

For the Food Distribution subindustry, Kitwave 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.

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

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

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

Kitwave Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kitwave Group'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
	=	(12.807	+	46.267)	/	84.445
	=	0.70

Kitwave Group's Debt to Equity Ratio for the quarter 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
	=	(12.807	+	46.267)	/	84.445
	=	0.70

Kitwave Group (LSE:KITW) 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.

Kitwave Group Debt-to-Equity Related Terms

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

Kitwave Group (LSE:KITW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kitwave Group PLC (LSE:KITW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8R9:Germany

Address

Narvik Way, Unit S3, Tyne Tunnel Estate, North Shields, Tyne & Wear, GBR, NE29 7XJ

Website

https://www.kitwave.co.uk

Kitwave Group PLC is an independent, delivered wholesale business that supports delivery throughout the UK, specializing in selling impulse products such as confectionery, soft drinks, snacks, ice cream, frozen and chilled foods, alcohol, groceries, and tobacco. The company's reportable segments include Ambient, Frozen and chilled, and Foodservice.

Kitwave Group (LSE:KITW) Headlines

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