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Cineplex (Cineplex) Debt-to-Equity : -48.08 (As of Dec. 2023)


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What is Cineplex Debt-to-Equity?

Cineplex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $63 Mil. Cineplex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,350 Mil. Cineplex's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-29 Mil. Cineplex's debt to equity for the quarter that ended in Dec. 2023 was -48.08.

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

CPXGF' s Debt-to-Equity Range Over the Past 10 Years
Min: -48.08   Med: 0.51   Max: 78.25
Current: -48.08

During the past 13 years, the highest Debt-to-Equity Ratio of Cineplex was 78.25. The lowest was -48.08. And the median was 0.51.

CPXGF's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.28 vs CPXGF: -48.08

Cineplex Debt-to-Equity Historical Data

The historical data trend for Cineplex'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.

Cineplex Debt-to-Equity Chart

Cineplex Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.37 78.24 -8.40 -9.09 -48.08

Cineplex Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.09 -8.09 -30.50 -63.53 -48.08

Competitive Comparison of Cineplex's Debt-to-Equity

For the Entertainment subindustry, Cineplex'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.

Cineplex's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cineplex's Debt-to-Equity distribution charts can be found below:

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


Cineplex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cineplex'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
=(63.38 + 1349.764) / -29.394
=-48.08

Cineplex'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
=(63.38 + 1349.764) / -29.394
=-48.08

* 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.

Cineplex  (OTCPK:CPXGF) 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.

Cineplex Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cineplex's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Cineplex (Cineplex) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cineplex Inc (OTCPK:CPXGF) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
CX0:Germany CGX:Canada
Address
1303 Yonge Street, 2nd Floor, Toronto, ON, CAN, M4T 2Y9
Website
https://corp.cineplex.com
Cineplex Inc is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment include revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium. The film entertainment and content segment generates the majority of its revenue from audiences located in Canada.