CIA Tecidosntanense (BSP:CTSA3) Debt-to-Equity : 0.92 (As of Sep. 2023)

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What is CIA Tecidosntanense Debt-to-Equity?

CIA Tecidosntanense's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R$51.2 Mil. CIA Tecidosntanense's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R$159.9 Mil. CIA Tecidosntanense's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R$230.5 Mil. CIA Tecidosntanense's debt to equity for the quarter that ended in Sep. 2023 was 0.92.

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 CIA Tecidosntanense's Debt-to-Equity or its related term are showing as below:

BSP:CTSA3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.7 Max: 1.24
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of CIA Tecidosntanense was 1.24. The lowest was 0.36. And the median was 0.70.

BSP:CTSA3's Debt-to-Equity is ranked worse than
72.51% of 935 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BSP:CTSA3: 0.92

CIA Tecidosntanense Debt-to-Equity Historical Data

The historical data trend for CIA Tecidosntanense'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.

CIA Tecidosntanense Debt-to-Equity Chart

CIA Tecidosntanense Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.03

0.76

0.93

0.64

0.52

CIA Tecidosntanense Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.67	0.60	0.52	0.47	0.92

Competitive Comparison of CIA Tecidosntanense's Debt-to-Equity

For the Textile Manufacturing subindustry, CIA Tecidosntanense'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.

CIA Tecidosntanense's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

CIA Tecidosntanense Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CIA Tecidosntanense'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
	=	(123.867	+	37.074)	/	311.35
	=	0.52

CIA Tecidosntanense's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(51.227	+	159.939)	/	230.512
	=	0.92

CIA Tecidosntanense (BSP:CTSA3) 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.

CIA Tecidosntanense Debt-to-Equity Related Terms

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CIA Tecidosntanense (BSP:CTSA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » CIA Tecidos Santanense (BSP:CTSA3) » Definitions » Debt-to-Equity

Traded in Other Exchanges

CTSA4:Brazil

Address

Avenida Osmane Barbosa 1235, Montes Claros, MG, BRA, 39404006

Website

http://www.santanense.com.br

CIA Tecidos Santanense operates in the Broadwoven fabric mills, cotton sector. It is involved in the spinning, weaving, & finishing of woven fabrics used in apparel articles. It offers sportswear apparel products and workwear professional uniforms and personal protective equipment.

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