Redde Northgate (LSE:REDD) Debt-to-Equity : 0.77 (As of Oct. 2023)

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What is Redde Northgate Debt-to-Equity?

Redde Northgate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £80 Mil. Redde Northgate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £705 Mil. Redde Northgate's Total Stockholders Equity for the quarter that ended in Oct. 2023 was £1,025 Mil. Redde Northgate's debt to equity for the quarter that ended in Oct. 2023 was 0.77.

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 Redde Northgate's Debt-to-Equity or its related term are showing as below:

LSE:REDD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 0.77 Max: 1.06
Current: 0.77

During the past 13 years, the highest Debt-to-Equity Ratio of Redde Northgate was 1.06. The lowest was 0.60. And the median was 0.77.

LSE:REDD's Debt-to-Equity is ranked worse than
67.03% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs LSE:REDD: 0.77

Redde Northgate Debt-to-Equity Historical Data

The historical data trend for Redde Northgate'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.

Redde Northgate Debt-to-Equity Chart

Redde Northgate Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.84

0.74

0.60

0.64

0.71

Redde Northgate Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.67	0.64	0.71	0.71	0.77

Competitive Comparison of Redde Northgate's Debt-to-Equity

For the Rental & Leasing Services subindustry, Redde Northgate'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.

Redde Northgate's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Redde Northgate's Debt-to-Equity distribution charts can be found below:

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

Redde Northgate Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Redde Northgate's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(63.572	+	644.484)	/	994.595
	=	0.71

Redde Northgate'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
	=	(79.618	+	705.06)	/	1024.864
	=	0.77

Redde Northgate (LSE:REDD) 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.

Redde Northgate Debt-to-Equity Related Terms

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Redde Northgate (LSE:REDD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redde Northgate PLC (LSE:REDD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

REDDl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.

Redde Northgate (LSE:REDD) Headlines

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