Costa Group Holdings (ASX:CGC) Debt-to-Equity : 1.46 (As of Jun. 2023)

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Costa Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$82 Mil. Costa Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$1,057 Mil. Costa Group Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$782 Mil. Costa Group Holdings's debt to equity for the quarter that ended in Jun. 2023 was 1.46.

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

ASX:CGC' s Debt-to-Equity Range Over the Past 10 Years
Min: -13.83 Med: 0.79 Max: 1.46
Current: 1.46

During the past 7 years, the highest Debt-to-Equity Ratio of Costa Group Holdings was 1.46. The lowest was -13.83. And the median was 0.79.

ASX:CGC's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs ASX:CGC: 1.46

Costa Group Holdings Debt-to-Equity Historical Data

The historical data trend for Costa Group Holdings'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.

Costa Group Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-13.83

0.91

0.84

1.20

1.31

Costa Group Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial											1.00	1.20	1.30	1.31	1.46

Competitive Comparison

For the Farm Products subindustry, Costa Group Holdings'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.

Costa Group Holdings Debt-to-Equity Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Costa Group Holdings's Debt-to-Equity distribution charts can be found below:

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

Costa Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Costa Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(73.205	+	934.997)	/	768.358
	=	1.31

Costa Group Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(81.744	+	1057.056)	/	782.205
	=	1.46

Costa Group Holdings (ASX:CGC) 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.

Costa Group Holdings Debt-to-Equity Related Terms

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Costa Group Holdings (ASX:CGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Costa Group Holdings Ltd (ASX:CGC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTTQF:USA

Address

275 Robinsons Road, Unit 1, Ravenhall, VIC, AUS, VIC 3023

Website

https://www.costagroup.com.au

Costa Group is the largest fresh produce company in Australia, with an estimated market share of over 15%, principally supplying fresh fruit and vegetables to the major Australian supermarkets. While supplemented by third-party growers, the firm's products are predominantly sourced from around 7,200 planted hectares of farmland, 40 hectares of tomato glasshouse facilities, and mushroom-growing facilities across Australia. Costa also operates berry farms in Morocco and China as part of its international business.