South Port New Zealand (NZSE:SPN) Debt-to-Equity : 0.76 (As of Dec. 2023)

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What is South Port New Zealand Debt-to-Equity?

South Port New Zealand's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$0.09 Mil. South Port New Zealand's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$43.72 Mil. South Port New Zealand's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NZ$57.83 Mil. South Port New Zealand's debt to equity for the quarter that ended in Dec. 2023 was 0.76.

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 South Port New Zealand's Debt-to-Equity or its related term are showing as below:

NZSE:SPN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.31 Max: 0.76
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of South Port New Zealand was 0.76. The lowest was 0.15. And the median was 0.31.

NZSE:SPN's Debt-to-Equity is ranked worse than
59.68% of 883 companies
in the Transportation industry
Industry Median: 0.57 vs NZSE:SPN: 0.76

South Port New Zealand Debt-to-Equity Historical Data

The historical data trend for South Port New Zealand'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.

South Port New Zealand Debt-to-Equity Chart

South Port New Zealand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.16

0.15

0.19

0.47

0.51

South Port New Zealand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.50	0.47	0.65	0.51	0.76

Competitive Comparison of South Port New Zealand's Debt-to-Equity

For the Marine Shipping subindustry, South Port New Zealand'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.

South Port New Zealand's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, South Port New Zealand's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where South Port New Zealand's Debt-to-Equity falls into.

South Port New Zealand Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

South Port New Zealand's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(5.098	+	25.262)	/	59.903
	=	0.51

South Port New Zealand'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
	=	(0.092	+	43.72)	/	57.829
	=	0.76

South Port New Zealand (NZSE:SPN) 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.

South Port New Zealand Debt-to-Equity Related Terms

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

South Port New Zealand (NZSE:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » South Port New Zealand Ltd (NZSE:SPN) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Island Harbour, 251 Foreshore Road, P.O. Box 1, Bluff, STL, NZL, 9842

Website

https://www.southport.co.nz

South Port New Zealand Ltd is primarily engaged in the commercial operation of the Port of Bluff. The group provides a suite of marine services including pilotage, towage, and berthage; cargo facilities servicing bulk, break bulk, container and project cargo; and warehousing including both cold and dry storage. Geographically, it operates only in New Zealand. The company generates the majority of its revenue from Cargo and logistics services.

South Port New Zealand (NZSE:SPN) Headlines

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