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Freightways Group (NZSE:FRW) Debt-to-Equity : 1.40 (As of Dec. 2023)


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What is Freightways Group Debt-to-Equity?

Freightways Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$48.8 Mil. Freightways Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$636.7 Mil. Freightways Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NZ$489.2 Mil. Freightways Group's debt to equity for the quarter that ended in Dec. 2023 was 1.40.

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

NZSE:FRW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61   Med: 0.82   Max: 1.68
Current: 1.4

During the past 13 years, the highest Debt-to-Equity Ratio of Freightways Group was 1.68. The lowest was 0.61. And the median was 0.82.

NZSE:FRW's Debt-to-Equity is ranked worse than
79.37% of 882 companies
in the Transportation industry
Industry Median: 0.55 vs NZSE:FRW: 1.40

Freightways Group Debt-to-Equity Historical Data

The historical data trend for Freightways 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.

Freightways Group Debt-to-Equity Chart

Freightways Group Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 0.61 1.68 1.39 1.37

Freightways Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.39 1.36 1.37 1.43 1.40

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

For the Integrated Freight & Logistics subindustry, Freightways 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.

Freightways Group's Debt-to-Equity Distribution in the Transportation Industry

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

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


Freightways Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Freightways Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 2022 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
=(34.735 + 451.6) / 356.379
=1.36

Freightways Group's Debt to Equity Ratio for the quarter that ended in Dec. 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
=(48.777 + 636.683) / 489.205
=1.40

* 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.

Freightways Group  (NZSE:FRW) 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.

Freightways Group Debt-to-Equity Related Terms

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

Freightways Group (NZSE:FRW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightways Group Ltd (NZSE:FRW) » Definitions » Debt-to-Equity
Comparable Companies
NZSE:MOV NZSE:MFT UPS FDX XTER:DHL OCSE:DSV XSWX:KNIN SZSE:002352 ZTO EXPD JBHT CHRW HKSE:01519 SHSE:600233 HKSE:02618 BOM:543994 LSTR TSE:9143 GXO SAU:4263
Traded in Other Exchanges
FRW:Australia
Address
32 Botha Road, Penrose, Auckland, NTL, NZL, DX CX10120
Website
https://www.freightways.co.nz
Freightways Ltd is a provider of express package services throughout New Zealand. The company is organized into three reportable segments: Express Package and Business Mail, Information Management and Corporate and others. The Express Package and Business Mail segment cover network courier, point-to-point courier, and postal services. Information management comprises secure paper-based and electronic business information management services. Corporate and other comprises corporate, financing, and property management services. Key revenue is derived from the Express Package and Business Mail divisions.