Boyd Group Services (TSX:BYD) Debt-to-Equity : 1.37 (As of Dec. 2023)

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What is Boyd Group Services Debt-to-Equity?

Boyd Group Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$174 Mil. Boyd Group Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1,351 Mil. Boyd Group Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1,111 Mil. Boyd Group Services's debt to equity for the quarter that ended in Dec. 2023 was 1.37.

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

TSX:BYD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 1.24 Max: 1.52
Current: 1.37

During the past 13 years, the highest Debt-to-Equity Ratio of Boyd Group Services was 1.52. The lowest was 0.52. And the median was 1.24.

TSX:BYD's Debt-to-Equity is ranked worse than
66.67% of 87 companies
in the Personal Services industry
Industry Median: 0.76 vs TSX:BYD: 1.37

Boyd Group Services Debt-to-Equity Historical Data

The historical data trend for Boyd Group Services'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.

Boyd Group Services Debt-to-Equity Chart

Boyd Group Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.52

0.84

1.36

1.31

1.37

Boyd Group Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.31	1.33	1.29	1.33	1.37

Competitive Comparison of Boyd Group Services's Debt-to-Equity

For the Personal Services subindustry, Boyd Group Services'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.

Boyd Group Services's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Boyd Group Services's Debt-to-Equity distribution charts can be found below:

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

Boyd Group Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Boyd Group Services's Debt to Equity Ratio for the fiscal year 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
	=	(174.093	+	1351.282)	/	1111.282
	=	1.37

Boyd Group Services'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
	=	(174.093	+	1351.282)	/	1111.282
	=	1.37

Boyd Group Services (TSX:BYD) 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.

Boyd Group Services Debt-to-Equity Related Terms

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

Boyd Group Services (TSX:BYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Boyd Group Services Inc (TSX:BYD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BYDGF:USA

Address

1745 Ellice Avenue, Unit C1, Winnipeg, MB, CAN, R3H 1A6

Website

https://www.boydgroup.com

Boyd Group Services Inc is engaged in operating non-franchised collision repair centers in North America. The Company currently operates locations in Canada under the trade name Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. The Company is also a retail auto glass operator in the United States, under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com. In addition, the Company operates a third-party administrator, Gerber National Claims Services (GNCS), that offers glass, emergency roadside, and first notice of loss services.