Canaf Investments (Canaf Investments) Debt-to-Equity : 0.01 (As of Jan. 2024)

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What is Canaf Investments Debt-to-Equity?

Canaf Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.01 Mil. Canaf Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.02 Mil. Canaf Investments's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $6.89 Mil. Canaf Investments's debt to equity for the quarter that ended in Jan. 2024 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 Canaf Investments's Debt-to-Equity or its related term are showing as below:

CAFZF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.68
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Canaf Investments was 0.68. The lowest was 0.01. And the median was 0.11.

CAFZF's Debt-to-Equity is ranked better than
99.82% of 553 companies
in the Steel industry
Industry Median: 0.4 vs CAFZF: 0.01

Canaf Investments Debt-to-Equity Historical Data

The historical data trend for Canaf Investments'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.

Canaf Investments Debt-to-Equity Chart

Canaf Investments Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.01

Canaf Investments Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Canaf Investments's Debt-to-Equity

For the Coking Coal subindustry, Canaf Investments'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.

Canaf Investments's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Canaf Investments's Debt-to-Equity distribution charts can be found below:

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

Canaf Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canaf Investments's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(0.014	+	0.021)	/	6.625
	=	0.01

Canaf Investments's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(0.014	+	0.017)	/	6.888
	=	0.00

Canaf Investments (OTCPK:CAFZF) 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.

Canaf Investments Debt-to-Equity Related Terms

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

Canaf Investments (Canaf Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Canaf Investments Inc (OTCPK:CAFZF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CAF:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.canafinvestments.com

Canaf Investments Inc is a Canadian company that owns and operates a coal processing plant in South Africa that processes coal and coal products into calcine, a coke substitute with high carbon content. The company, through its subsidiaries, produces calcined anthracite used in the manufacturing process of steel and manganese. The company operates in two reportable segments are Canada and South Africa, out of which the majority of revenue comes from South Africa.

Canaf Investments (Canaf Investments) Headlines

From GuruFocus

Canaf announces full repayment of term loan and award of B-BBEE rating

By GlobeNewswire GlobeNewswire • 01-21-2019