GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (FRA:CF7) » Definitions » Debt-to-Equity

CI Financial (FRA:CF7) Debt-to-Equity : 4.16 (As of Jun. 2024)


View and export this data going back to 2011. Start your Free Trial

What is CI Financial Debt-to-Equity?

CI Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €377 Mil. CI Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €2,326 Mil. CI Financial's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €651 Mil. CI Financial's debt to equity for the quarter that ended in Jun. 2024 was 4.16.

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

FRA:CF7' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16   Med: 1.07   Max: 4.5
Current: 4.16

During the past 13 years, the highest Debt-to-Equity Ratio of CI Financial was 4.50. The lowest was 0.16. And the median was 1.07.

FRA:CF7's Debt-to-Equity is ranked worse than
97.96% of 980 companies
in the Asset Management industry
Industry Median: 0.2 vs FRA:CF7: 4.16

CI Financial Debt-to-Equity Historical Data

The historical data trend for CI Financial'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.

CI Financial Debt-to-Equity Chart

CI Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 1.60 2.49 2.73 3.71

CI Financial Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.39 2.78 3.71 4.50 4.16

Competitive Comparison of CI Financial's Debt-to-Equity

For the Asset Management subindustry, CI Financial'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.


CI Financial's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CI Financial's Debt-to-Equity distribution charts can be found below:

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



CI Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CI Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

CI Financial's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


CI Financial  (FRA:CF7) 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.


CI Financial Debt-to-Equity Related Terms

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


CI Financial Business Description

Traded in Other Exchanges
Address
15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3
CI Financial is a provider of asset and wealth management products and services. The company has a decent share in the Canadian fund market (fifth overall behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year), and remains the second-largest nonbank-affiliated asset manager in the Canadian market, with CAD 129.5 billion in assets under management (including CAD 34.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of May 2024. It also had CAD 342.2 billion in assets under advisement (including CAD 230.1 billion from its US wealth management operations and CAD 94.1 billion from its Canadian wealth management partners), and CAD 28.6 billion in custody assets.

CI Financial Headlines

No Headlines