Coast Entertainment Holdings (ASX:CEH) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Coast Entertainment Holdings Debt-to-Equity?

Coast Entertainment Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.28 Mil. Coast Entertainment Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.79 Mil. Coast Entertainment Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$250.65 Mil. Coast Entertainment Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Coast Entertainment Holdings's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Coast Entertainment Holdings was 7.33. The lowest was 0.00. And the median was 0.49.

ASX:CEH's Debt-to-Equity is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

Coast Entertainment Holdings Debt-to-Equity Historical Data

The historical data trend for Coast Entertainment Holdings'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.

Coast Entertainment Holdings Debt-to-Equity Chart

Coast Entertainment Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.44

2.76

4.79

1.26

Coast Entertainment Holdings 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															7.33	1.26	-	-	-

Competitive Comparison of Coast Entertainment Holdings's Debt-to-Equity

For the Leisure subindustry, Coast Entertainment Holdings'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.

Coast Entertainment Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Coast Entertainment Holdings's Debt-to-Equity distribution charts can be found below:

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

Coast Entertainment Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coast Entertainment Holdings'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
	=	(0.203	+	0.398)	/	254.579
	=	0.00

Coast Entertainment Holdings'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
	=	(0.275	+	0.789)	/	250.649
	=	0.00

Coast Entertainment Holdings (ASX:CEH) 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.

Coast Entertainment Holdings Debt-to-Equity Related Terms

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

Coast Entertainment Holdings (ASX:CEH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Coast Entertainment Holdings Ltd (ASX:CEH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MD8:Germany

Address

83 Mount Street, Suite 601, Level 6, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.coastentertainment.com.au

Ardent Leisure is an owner and operator of leisure assets. Its theme park businesses are situated in Australia, including Dreamworld and WhiteWater World on the Gold Coast. The sale of Main Event in the U.S., completed in June 2022, was executed at a good price, and the proceeds led to a healthy distribution to shareholders. It leaves the group with just the theme parks unit.

Coast Entertainment Holdings (ASX:CEH) Headlines

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