Corus Entertainment (Corus Entertainment) Debt-to-Equity : 3.22 (As of Feb. 2024)

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What is Corus Entertainment Debt-to-Equity?

Corus Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $13 Mil. Corus Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $774 Mil. Corus Entertainment's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $245 Mil. Corus Entertainment's debt to equity for the quarter that ended in Feb. 2024 was 3.22.

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

CJREF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 1.12 Max: 4.82
Current: 3.22

During the past 13 years, the highest Debt-to-Equity Ratio of Corus Entertainment was 4.82. The lowest was 0.47. And the median was 1.12.

CJREF's Debt-to-Equity is ranked worse than
93.74% of 847 companies
in the Media - Diversified industry
Industry Median: 0.28 vs CJREF: 3.22

Corus Entertainment Debt-to-Equity Historical Data

The historical data trend for Corus Entertainment'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.

Corus Entertainment Debt-to-Equity Chart

Corus Entertainment Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

Get a 7-Day Free Trial

1.09

1.84

1.40

1.86

3.84

Corus Entertainment Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															1.66	4.82	3.84	3.14	3.22

Competitive Comparison of Corus Entertainment's Debt-to-Equity

For the Entertainment subindustry, Corus Entertainment'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.

Corus Entertainment's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Corus Entertainment's Debt-to-Equity distribution charts can be found below:

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

Corus Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Corus Entertainment's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(20.603	+	883.439)	/	235.756
	=	3.83

Corus Entertainment's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(13.001	+	774.3)	/	244.645
	=	3.22

Corus Entertainment (OTCPK:CJREF) 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.

Corus Entertainment Debt-to-Equity Related Terms

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Corus Entertainment (Corus Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Corus Entertainment Inc (OTCPK:CJREF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

9CO:Germany CJR.B:Canada

Address

25 Dockside Drive, Corus Quay, Toronto, ON, CAN, M5A 0B5

Website

https://www.corusent.com

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to the music, news, and talk radio markets. Television segment is the key revenue driver for the group. The company generates the vast majority of its revenue in Canada.