Collins Foods (ASX:CKF) Debt-to-Equity : 2.02 (As of Oct. 2023)

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What is Collins Foods Debt-to-Equity?

Collins Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was A$47 Mil. Collins Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was A$787 Mil. Collins Foods's Total Stockholders Equity for the quarter that ended in Oct. 2023 was A$414 Mil. Collins Foods's debt to equity for the quarter that ended in Oct. 2023 was 2.01.

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 Collins Foods's Debt-to-Equity or its related term are showing as below:

ASX:CKF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 0.99 Max: 2.19
Current: 2.02

During the past 12 years, the highest Debt-to-Equity Ratio of Collins Foods was 2.19. The lowest was 0.66. And the median was 0.99.

ASX:CKF's Debt-to-Equity is ranked worse than
76.16% of 302 companies
in the Restaurants industry
Industry Median: 0.945 vs ASX:CKF: 2.02

Collins Foods Debt-to-Equity Historical Data

The historical data trend for Collins Foods'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.

Collins Foods Debt-to-Equity Chart

Collins Foods Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.83

1.98

1.84

1.90

2.19

Collins Foods Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															1.88	1.90	1.98	2.19	2.02

Competitive Comparison of Collins Foods's Debt-to-Equity

For the Restaurants subindustry, Collins Foods'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.

Collins Foods's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Collins Foods's Debt-to-Equity distribution charts can be found below:

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

Collins Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Collins Foods's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(44.639	+	798.729)	/	384.498
	=	2.19

Collins Foods's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(47.076	+	786.793)	/	413.862
	=	2.01

Collins Foods (ASX:CKF) 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.

Collins Foods Debt-to-Equity Related Terms

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Collins Foods (ASX:CKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Collins Foods Ltd (ASX:CKF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CLLFF:USA

Address

485 Kingsford Smith Drive, Level 3, KSD1, Hamilton, QLD, AUS, 4007

Website

https://www.collinsfoods.com

Collins Foods is an operator of quick service restaurants, or QSRs. It franchises restaurant brands from U.S.-listed Yum Brands, including KFC in Australia, Germany, and the Netherlands, as well as Taco Bell in Australia. Most of its revenue and earnings are generated in Australia, where Collins is the largest franchisee of KFC, ahead of Restaurant Brands New Zealand.In the Netherlands, Collins has signed a corporate franchise agreement, giving it more control over development and oversight of the Dutch franchisee network.Earnings growth is underpinned by its store network expansion, both new restaurants and acquisitions of existing sites. Competitive pricing is key to maintaining share in the QSR market, and the company has generally increased at or below consumer price index growth.

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