Caribbean Utilities Co (Caribbean Utilities Co) Debt-to-Equity : 1.23 (As of Dec. 2023)

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What is Caribbean Utilities Co Debt-to-Equity?

Caribbean Utilities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $81.5 Mil. Caribbean Utilities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $318.2 Mil. Caribbean Utilities Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $324.7 Mil. Caribbean Utilities Co's debt to equity for the quarter that ended in Dec. 2023 was 1.23.

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 Caribbean Utilities Co's Debt-to-Equity or its related term are showing as below:

CUPUF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.99 Med: 1.19 Max: 1.39
Current: 1.23

During the past 13 years, the highest Debt-to-Equity Ratio of Caribbean Utilities Co was 1.39. The lowest was 0.99. And the median was 1.19.

CUPUF's Debt-to-Equity is ranked worse than
62.82% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs CUPUF: 1.23

Caribbean Utilities Co Debt-to-Equity Historical Data

The historical data trend for Caribbean Utilities Co'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.

Caribbean Utilities Co Debt-to-Equity Chart

Caribbean Utilities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.35

1.06

0.99

1.16

1.23

Caribbean Utilities Co 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															1.16	1.21	1.25	1.21	1.23

Competitive Comparison of Caribbean Utilities Co's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, Caribbean Utilities Co'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.

Caribbean Utilities Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Caribbean Utilities Co's Debt-to-Equity distribution charts can be found below:

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

Caribbean Utilities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Caribbean Utilities Co'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
	=	(81.516	+	318.21)	/	324.742
	=	1.23

Caribbean Utilities Co'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
	=	(81.516	+	318.21)	/	324.742
	=	1.23

Caribbean Utilities Co (OTCPK:CUPUF) 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.

Caribbean Utilities Co Debt-to-Equity Related Terms

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Caribbean Utilities Co (Caribbean Utilities Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Caribbean Utilities Co Ltd (OTCPK:CUPUF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CUP.U:Canada

Address

457 North Sound Road, P.O. Box 38, Grand Cayman, CYM, KY1-1101

Website

https://www.cuc-cayman.com

Caribbean Utilities Co Ltd is the sole supplier of electricity on Grand Cayman with a total installed generating capacity of 166 MW, nine transformer substations, approximately 552 miles of land-based high voltage transmission and distribution lines and 15 miles of high-voltage submarine cable. The Company uses diesel generation to produce electricity for Grand Cayman.