Close The Loop (ASX:CLG) Debt-to-Equity : 0.80 (As of Dec. 2023)

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What is Close The Loop Debt-to-Equity?

Close The Loop's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$18.1 Mil. Close The Loop's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$88.1 Mil. Close The Loop's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$132.9 Mil. Close The Loop's debt to equity for the quarter that ended in Dec. 2023 was 0.80.

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 Close The Loop's Debt-to-Equity or its related term are showing as below:

ASX:CLG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.53 Max: 0.9
Current: 0.8

During the past 2 years, the highest Debt-to-Equity Ratio of Close The Loop was 0.90. The lowest was 0.46. And the median was 0.53.

ASX:CLG's Debt-to-Equity is ranked worse than
55% of 220 companies
in the Waste Management industry
Industry Median: 0.74 vs ASX:CLG: 0.80

Close The Loop Debt-to-Equity Historical Data

The historical data trend for Close The Loop'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.

Close The Loop Debt-to-Equity Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.46

0.90

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.47	0.46	0.53	0.90	0.80

Competitive Comparison of Close The Loop's Debt-to-Equity

For the Waste Management subindustry, Close The Loop'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.

Close The Loop's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Close The Loop's Debt-to-Equity distribution charts can be found below:

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

Close The Loop Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Close The Loop's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(19.86	+	90.997)	/	123.543
	=	0.90

Close The Loop'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
	=	(18.132	+	88.112)	/	132.899
	=	0.80

Close The Loop (ASX:CLG) 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.

Close The Loop Debt-to-Equity Related Terms

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Close The Loop (ASX:CLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.closetheloop.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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