Chorus (Chorus) Debt-to-Equity

: 3.11 (As of Dec. 2023)

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Chorus's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $100.8 Mil. Chorus's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,675.8 Mil. Chorus's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $571.9 Mil. Chorus's debt to equity for the quarter that ended in Dec. 2023 was 3.11.

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

CHRYY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.74 Med: 2.45 Max: 3.11
Current: 3.11

During the past 12 years, the highest Debt-to-Equity Ratio of Chorus was 3.11. The lowest was 1.74. And the median was 2.45.

CHRYY's Debt-to-Equity is ranked worse than
90.8% of 348 companies
in the Telecommunication Services industry
Industry Median: 0.655 vs CHRYY: 3.11

Chorus Debt-to-Equity Historical Data

The historical data trend for Chorus'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.

Chorus Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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2.54

2.80

2.78

2.44

2.55

Chorus 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															2.45	2.44	2.79	2.55	3.11

Competitive Comparison

For the Telecom Services subindustry, Chorus'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.

Chorus Debt-to-Equity Distribution

For the Telecommunication Services industry and Communication Services sector, Chorus's Debt-to-Equity distribution charts can be found below:

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

Chorus Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chorus'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
	=	(233.742	+	1428.221)	/	652.147
	=	2.55

Chorus'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
	=	(100.809	+	1675.793)	/	571.873
	=	3.11

Chorus (OTCPK:CHRYY) 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.

Chorus Debt-to-Equity Related Terms

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Chorus (Chorus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Chorus Ltd (OTCPK:CHRYY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHRUF:USA CNU:New Zealand 7CH:Germany CNU:Australia

Address

1 Willis Street, Level 10, P.O. Box 632, Wellington, NTL, NZL

Website

https://www.chorus.co.nz

Chorus is New Zealand's largest fixed-line communications infrastructure entity, and was demerged in 2011 from Telecom New Zealand. Chorus offers wholesale access to its nationwide copper and fibre network to retail service providers. It also provides backhaul services to retail service providers and connects mobile phone towers. At the end of 2022, Chorus completed the government's rollout of ultra-fast broadband, or UFB, a fibre-to-the-premises network to cover 87% of the population in New Zealand.