Cosan (CSAN) Debt-to-Equity : 3.37 (As of Sep. 2023)

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What is Cosan Debt-to-Equity?

Cosan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,289 Mil. Cosan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $11,317 Mil. Cosan's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $3,742 Mil. Cosan's debt to equity for the quarter that ended in Sep. 2023 was 3.37.

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

CSAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 1.16 Max: 8.6
Current: 3.37

During the past 13 years, the highest Debt-to-Equity Ratio of Cosan was 8.60. The lowest was 0.71. And the median was 1.16.

CSAN's Debt-to-Equity is ranked worse than
95.9% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs CSAN: 3.37

Cosan Debt-to-Equity Historical Data

The historical data trend for Cosan'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.

Cosan Debt-to-Equity Chart

Cosan Annual Data

Trend

Mar13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.00

1.27

8.60

3.32

2.74

Cosan Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															3.46	2.74	2.86	3.36	3.37

Competitive Comparison of Cosan's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Cosan'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.

Cosan's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cosan's Debt-to-Equity distribution charts can be found below:

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

Cosan Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cosan'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
	=	(970.895	+	9804.141)	/	3937.386
	=	2.74

Cosan'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
	=	(1288.901	+	11316.98)	/	3742.178
	=	3.37

Cosan (NYSE:CSAN) 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.

Cosan Debt-to-Equity Related Terms

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

Cosan (CSAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cosan SA (NYSE:CSAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

9CI0:Germany CSAN3:Brazil

Address

Avenue Brigadeiro Faria Lima, 4100 / 15th Floor Itaim Bibi, Sao Paulo, SP, BRA, 04538-132

Website

https://www.cosan.com.br

Cosan SA engages in several services throughout the energy and logistics sectors. Cosan SA and Cosan Logistica account for the many segments that constitute Cosan's operations. Cosan SA delivers over half of the group's revenue. It is diversified across the energy sector with companies specializing in fuel distribution, sugar and ethanol production, power generation, natural gas distribution, lubricants, and land management. The majority of the revenue is generated from the distribution of fuels in Brazil.

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