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Codan (ASX:CDA) Debt-to-Asset : 0.18 (As of Jun. 2024)


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What is Codan Debt-to-Asset?

Codan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$6.7 Mil. Codan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$134.4 Mil. Codan's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was A$768.7 Mil. Codan's debt to asset for the quarter that ended in Jun. 2024 was 0.18.

Codan Debt-to-Asset Historical Data

The historical data trend for Codan's Debt-to-Asset 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.

Codan Debt-to-Asset Chart

Codan Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.11 0.14 0.18 0.18

Codan Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Asset 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 0.14 0.19 0.18 0.21 0.18

Competitive Comparison of Codan's Debt-to-Asset

For the Scientific & Technical Instruments subindustry, Codan's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Codan's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Codan's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Codan's Debt-to-Asset falls into.


Codan Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Codan's Debt-to-Asset for the fiscal year that ended in Jun. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(6.689 + 134.357) / 768.711
=0.18

Codan's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(6.689 + 134.357) / 768.711
=0.18

* 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.

Codan  (ASX:CDA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Codan Debt-to-Asset Related Terms

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

Codan Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Codan Ltd (ASX:CDA) » Definitions » Debt-to-Asset
Comparable Companies
ASX:CAT ASX:OIL ASX:SMN ASX:X2M ASX:DVL ASX:SBW ASX:HYD TSE:6861 GRMN KEYS FTV TDY OSTO:HEXA B TRMB COHR TSE:7701 MKSI CGNX BMI NOVT
Traded in Other Exchanges
UL4:Germany
Address
Technology Park, 2 Second Avenue, Mawson Lakes, SA, AUS, 5095
Website
https://www.codan.com.au
Codan Ltd develops electronics solutions for government, corporate, non-governmental organizations (NGOs), and consumer markets across the globe. It operates through the following business segments: The communications segment includes the design, development, manufacture, and marketing of communications equipment. The Metal detection segment includes the design, development, manufacture, and marketing of metal detection equipment; The Other business segment relates to the Tracking Solutions which include the design, manufacture, maintenance, and support of a range of electronic products. The firm generates the majority of its revenue from the Communications segment.

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