CTI Logistics (ASX:CLX) Debt-to-Equity : 0.98 (As of Jun. 2024)

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What is CTI Logistics Debt-to-Equity?

CTI Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$17.7 Mil. CTI Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$100.7 Mil. CTI Logistics's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$121.4 Mil. CTI Logistics's debt to equity for the quarter that ended in Jun. 2024 was 0.98.

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

ASX:CLX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.79 Max: 1.25
Current: 0.98

During the past 13 years, the highest Debt-to-Equity Ratio of CTI Logistics was 1.25. The lowest was 0.48. And the median was 0.79.

ASX:CLX's Debt-to-Equity is ranked worse than
68.64% of 880 companies
in the Transportation industry
Industry Median: 0.54 vs ASX:CLX: 0.98

CTI Logistics Debt-to-Equity Historical Data

The historical data trend for CTI Logistics'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.

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CTI Logistics Debt-to-Equity Chart

CTI Logistics Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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1.25

1.04

0.73

0.83

0.98

CTI Logistics 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-Equity	Get a 7-Day Free Trial															0.73	0.68	0.83	0.81	0.98

Competitive Comparison of CTI Logistics's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, CTI Logistics'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.

CTI Logistics's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CTI Logistics's Debt-to-Equity distribution charts can be found below:

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

CTI Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CTI Logistics's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 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
	=	(17.689	+	100.717)	/	121.44
	=	0.98

CTI Logistics's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(17.689	+	100.717)	/	121.44
	=	0.98

CTI Logistics (ASX:CLX) 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.

CTI Logistics Debt-to-Equity Related Terms

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CTI Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTI Logistics Ltd (ASX:CLX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Drummond Place, West Perth, Perth, WA, AUS, 6005

Website

https://www.ctilogistics.com

CTI Logistics Ltd is an integrated shipping and logistics company. It is organized into four operating segments, which are Transport, Logistics, Property, and Other. The Transport Services segment includes the provision of the courier, taxi truck, parcel distribution, and fleet management. Logistics services include the provision of warehousing and distribution, specialized flooring logistics, supply-based management services, and document storage services. The property segment includes the rental of owner-occupied and investment properties. The Other segment is engaged in the provision of security services. It provides services in Western Australia, South Australia, New South Wales, Victoria and Queensland.