Coats Group (Coats Group) Debt-to-Equity : 1.08 (As of Dec. 2023)

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What is Coats Group Debt-to-Equity?

Coats Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $162 Mil. Coats Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $442 Mil. Coats Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $558 Mil. Coats Group's debt to equity for the quarter that ended in Dec. 2023 was 1.08.

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

GPGRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 1.17 Max: 5.82
Current: 1.08

During the past 13 years, the highest Debt-to-Equity Ratio of Coats Group was 5.82. The lowest was 0.66. And the median was 1.17.

GPGRF's Debt-to-Equity is ranked worse than
77.03% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs GPGRF: 1.08

Coats Group Debt-to-Equity Historical Data

The historical data trend for Coats Group'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.

Coats Group Debt-to-Equity Chart

Coats Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.22

1.10

0.66

1.09

1.08

Coats Group 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															0.66	0.66	1.09	1.02	1.08

Competitive Comparison of Coats Group's Debt-to-Equity

For the Textile Manufacturing subindustry, Coats Group'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.

Coats Group's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Coats Group's Debt-to-Equity distribution charts can be found below:

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

Coats Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coats Group's Debt to Equity Ratio for the fiscal year 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
	=	(161.8	+	441.5)	/	558.1
	=	1.08

Coats Group'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
	=	(161.8	+	441.5)	/	558.1
	=	1.08

Coats Group (OTCPK:GPGRF) 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.

Coats Group Debt-to-Equity Related Terms

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Coats Group (Coats Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Coats Group PLC (OTCPK:GPGRF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

COAl:UK COA:UK

Address

Bridgwater Road, The Pavilions, Bristol, GBR, BS13 8FD

Website

https://www.coats.com

Coats Group PLC is a firm manufacturing thread for industrial and consumer use. Its products portfolio includes industrial thread and knitting yarns used in the apparel and footwear industry with a sales presence in over 100 countries. The company operates its business from across six continents which include Asia, America, Europe, the Middle East and Africa of which Asia accounts for the highest revenue.

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