Codan (CODAF) Debt-to-Equity : 0.37 (As of Dec. 2023)

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What is Codan Debt-to-Equity?

Codan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.4 Mil. Codan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $98.9 Mil. Codan's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $279.6 Mil. Codan's debt to equity for the quarter that ended in Dec. 2023 was 0.37.

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

CODAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.25 Max: 0.5
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Codan was 0.50. The lowest was 0.06. And the median was 0.25.

CODAF's Debt-to-Equity is ranked worse than
56.93% of 2194 companies
in the Hardware industry
Industry Median: 0.28 vs CODAF: 0.37

Codan Debt-to-Equity Historical Data

The historical data trend for Codan'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.

Codan Debt-to-Equity Chart

Codan Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.12

0.19

0.22

0.31

Codan 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															0.28	0.22	0.31	0.31	0.37

Competitive Comparison of Codan's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Codan'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.

Codan's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Codan's Debt-to-Equity distribution charts can be found below:

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

Codan Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Codan'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
	=	(4.019	+	80.136)	/	272.708
	=	0.31

Codan'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
	=	(4.414	+	98.914)	/	279.584
	=	0.37

Codan (OTCPK:CODAF) 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.

Codan Debt-to-Equity Related Terms

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

Codan (CODAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Codan Ltd (OTCPK:CODAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CDA:Australia

Address

Technology Park, 2 Second Avenue, Mawson Lakes, SA, AUS, 5095

Website

https://www.codan.com.au

Codan Ltd develops electronics solutions for government, corporate, non-governmental organizations (NGO) and consumer markets across the globe. It operates through the following business segments: The communications segment includes the design, development, manufacture and marketing of communications equipment. The Metal detection segment includes the design, development, manufacture and marketing of metal detection equipment; The tracking solutions segment includes the design, manufacture, maintenance and support of a range of electronic products. The firm generates the majority of revenue from the Communications segment.

Codan (CODAF) Headlines

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