McRae Industries (McRae Industries) Debt-to-Equity : 0.03 (As of Jul. 2023)

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What is McRae Industries Debt-to-Equity?

McRae Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was $0.4 Mil. McRae Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was $1.9 Mil. McRae Industries's Total Stockholders Equity for the quarter that ended in Jul. 2023 was $86.9 Mil. McRae Industries's debt to equity for the quarter that ended in Jul. 2023 was 0.03.

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 McRae Industries's Debt-to-Equity or its related term are showing as below:

MCRAA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.03 Max: 0.03
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of McRae Industries was 0.03. The lowest was 0.03. And the median was 0.03.

MCRAA's Debt-to-Equity is ranked better than
93.67% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs MCRAA: 0.03

McRae Industries Debt-to-Equity Historical Data

The historical data trend for McRae Industries'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.

McRae Industries Debt-to-Equity Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Debt-to-Equity

Get a 7-Day Free Trial

0.11

0.01

N/A

0.03

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.01	N/A	-	0.03

Competitive Comparison of McRae Industries's Debt-to-Equity

For the Footwear & Accessories subindustry, McRae Industries'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.

McRae Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, McRae Industries's Debt-to-Equity distribution charts can be found below:

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

McRae Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

McRae Industries's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.429	+	1.933)	/	86.917
	=	0.03

McRae Industries's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(0.429	+	1.933)	/	86.917
	=	0.03

McRae Industries (OTCPK:MCRAA) 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.

McRae Industries Debt-to-Equity Related Terms

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McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.