Carmit Candy Industries (XTAE:CRMT) Debt-to-Equity : 1.81 (As of Dec. 2023)

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What is Carmit Candy Industries Debt-to-Equity?

Carmit Candy Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪63.5 Mil. Carmit Candy Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪68.2 Mil. Carmit Candy Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪72.9 Mil. Carmit Candy Industries's debt to equity for the quarter that ended in Dec. 2023 was 1.81.

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 Carmit Candy Industries's Debt-to-Equity or its related term are showing as below:

XTAE:CRMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.7 Max: 1.81
Current: 1.81

During the past 8 years, the highest Debt-to-Equity Ratio of Carmit Candy Industries was 1.81. The lowest was 0.09. And the median was 0.70.

XTAE:CRMT's Debt-to-Equity is ranked worse than
91.9% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs XTAE:CRMT: 1.81

Carmit Candy Industries Debt-to-Equity Historical Data

The historical data trend for Carmit Candy Industries'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.

Carmit Candy Industries Debt-to-Equity Chart

Carmit Candy Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.32

0.70

1.51

1.81

Carmit Candy Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									1.51	1.76	1.81	1.82	1.81

Competitive Comparison of Carmit Candy Industries's Debt-to-Equity

For the Confectioners subindustry, Carmit Candy Industries'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.

Carmit Candy Industries's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Carmit Candy Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Carmit Candy Industries's Debt-to-Equity falls into.

Carmit Candy Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Carmit Candy Industries'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
	=	(63.534	+	68.218)	/	72.912
	=	1.81

Carmit Candy Industries'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
	=	(63.534	+	68.218)	/	72.912
	=	1.81

Carmit Candy Industries (XTAE:CRMT) 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.

Carmit Candy Industries Debt-to-Equity Related Terms

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Carmit Candy Industries (XTAE:CRMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Hahagana Street, Rishon Lezion, ISR, 75706

Website

http://www.carmit.co.il

Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.