CTT-Correios de Portugal (CTT-Correios de Portugal) Debt-to-Equity : 2.45 (As of Dec. 2023)

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What is CTT-Correios de Portugal Debt-to-Equity?

CTT-Correios de Portugal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $118 Mil. CTT-Correios de Portugal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $554 Mil. CTT-Correios de Portugal's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $274 Mil. CTT-Correios de Portugal's debt to equity for the quarter that ended in Dec. 2023 was 2.45.

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 CTT-Correios de Portugal's Debt-to-Equity or its related term are showing as below:

CTTPY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 3.55 Max: 14.95
Current: 2.45

During the past 13 years, the highest Debt-to-Equity Ratio of CTT-Correios de Portugal was 14.95. The lowest was 0.02. And the median was 3.55.

CTTPY's Debt-to-Equity is ranked worse than
90.95% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs CTTPY: 2.45

CTT-Correios de Portugal Debt-to-Equity Historical Data

The historical data trend for CTT-Correios de Portugal'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.

CTT-Correios de Portugal Debt-to-Equity Chart

CTT-Correios de Portugal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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11.41

12.94

14.95

2.87

2.45

CTT-Correios de Portugal 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															2.87	2.71	13.01	2.45	2.45

Competitive Comparison of CTT-Correios de Portugal's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, CTT-Correios de Portugal'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.

CTT-Correios de Portugal's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CTT-Correios de Portugal's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CTT-Correios de Portugal's Debt-to-Equity falls into.

CTT-Correios de Portugal Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CTT-Correios de Portugal'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
	=	(117.969	+	554.212)	/	274.405
	=	2.45

CTT-Correios de Portugal'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
	=	(117.969	+	554.212)	/	274.405
	=	2.45

CTT-Correios de Portugal (GREY:CTTPY) 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.

CTT-Correios de Portugal Debt-to-Equity Related Terms

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CTT-Correios de Portugal (CTT-Correios de Portugal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (GREY:CTTPY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTTOF:USA CTT:Portugal 0QIM:UK C7T:Germany

Address

Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001

Website

https://www.ctt.pt

CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next largest segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns most of its revenue domestically.