Compagnie Financiere Richemont (Compagnie Financiere Richemont) Debt-to-Equity

: 0.85 (As of Sep. 2023)

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Compagnie Financiere Richemont's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7,209 Mil. Compagnie Financiere Richemont's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $9,907 Mil. Compagnie Financiere Richemont's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $20,210 Mil. Compagnie Financiere Richemont's debt to equity for the quarter that ended in Sep. 2023 was 0.85.

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 Compagnie Financiere Richemont's Debt-to-Equity or its related term are showing as below:

CFRUY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.57 Max: 0.85
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Compagnie Financiere Richemont was 0.85. The lowest was 0.14. And the median was 0.57.

CFRUY's Debt-to-Equity is ranked worse than
61.35% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs CFRUY: 0.85

Compagnie Financiere Richemont Debt-to-Equity Historical Data

The historical data trend for Compagnie Financiere Richemont'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.

Compagnie Financiere Richemont Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.43

0.57

0.77

0.76

0.83

Compagnie Financiere Richemont Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity																0.79	0.76	0.85	0.83	0.85

Competitive Comparison

For the Luxury Goods subindustry, Compagnie Financiere Richemont'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.

Compagnie Financiere Richemont Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Compagnie Financiere Richemont's Debt-to-Equity distribution charts can be found below:

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

Compagnie Financiere Richemont Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Compagnie Financiere Richemont's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(6935.76	+	9887.58)	/	20298.715
	=	0.83

Compagnie Financiere Richemont'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
	=	(7209.178	+	9907.15)	/	20210.245
	=	0.85

Compagnie Financiere Richemont (OTCPK:CFRUY) 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.

Compagnie Financiere Richemont Debt-to-Equity Related Terms

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Compagnie Financiere Richemont (Compagnie Financiere Richemont) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Compagnie Financiere Richemont SA (OTCPK:CFRUY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CFR:South Africa CFRHF:USA CFRI:Mexico CFRz:UK 0QMU:UK RIT1:Germany CFR:Switzerland

Address

50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, CHE, 1293

Website

https://www.richemont.com

Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up 85% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 67% of revenue and over 86% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc.