Accordant Group (NZSE:AGL) Debt-to-Equity : 0.90 (As of Sep. 2023)

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What is Accordant Group Debt-to-Equity?

Accordant Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$2.5 Mil. Accordant Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$29.0 Mil. Accordant Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was NZ$34.8 Mil. Accordant Group's debt to equity for the quarter that ended in Sep. 2023 was 0.90.

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

NZSE:AGL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 0.89 Max: 1.48
Current: 0.9

During the past 13 years, the highest Debt-to-Equity Ratio of Accordant Group was 1.48. The lowest was 0.54. And the median was 0.89.

NZSE:AGL's Debt-to-Equity is ranked worse than
71.37% of 929 companies
in the Business Services industry
Industry Median: 0.37 vs NZSE:AGL: 0.90

Accordant Group Debt-to-Equity Historical Data

The historical data trend for Accordant 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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Accordant Group Debt-to-Equity Chart

Accordant Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.95

1.41

0.61

0.70

0.91

Accordant 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															0.71	0.70	0.54	0.91	0.90

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

For the Staffing & Employment Services subindustry, Accordant 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.

Accordant Group's Debt-to-Equity Distribution in the Business Services Industry

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

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

Accordant Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Accordant Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.439	+	28.874)	/	34.586
	=	0.91

Accordant 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
	=	(2.463	+	28.97)	/	34.812
	=	0.90

Accordant Group (NZSE:AGL) 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.

Accordant Group Debt-to-Equity Related Terms

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Accordant Group (NZSE:AGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Accordant Group Ltd (NZSE:AGL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Shortland Street, Level 6, P.O. Box 105675, Auckland, NTL, NZL, 1010

Website

https://www.accordant.nz

Accordant Group Ltd is a recruitment and staffing provider company. The group has two reportable segments: AWF and Madison, Absolute IT, and JacksonStone & Partners. The AWF brands derive their revenues from temporary staffing services to the industry. The Madison, Absolute IT, and JacksonStone & Partners brands, which is the key revenue driver, derive revenues from the temporary, contract, and permanent staff services to commerce.