COG Financial Services (ASX:COG) Debt-to-Equity : 2.48 (As of Jun. 2024)

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What is COG Financial Services Debt-to-Equity?

COG Financial Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$226.2 Mil. COG Financial Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$150.6 Mil. COG Financial Services's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$151.7 Mil. COG Financial Services's debt to equity for the quarter that ended in Jun. 2024 was 2.48.

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 COG Financial Services's Debt-to-Equity or its related term are showing as below:

ASX:COG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 1.01 Max: 2.48
Current: 2.48

During the past 13 years, the highest Debt-to-Equity Ratio of COG Financial Services was 2.48. The lowest was 0.16. And the median was 1.01.

ASX:COG's Debt-to-Equity is ranked worse than
92.13% of 597 companies
in the Capital Markets industry
Industry Median: 0.3 vs ASX:COG: 2.48

COG Financial Services Debt-to-Equity Historical Data

The historical data trend for COG Financial Services'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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COG Financial Services Debt-to-Equity Chart

COG Financial Services Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.56

1.48

1.42

1.73

2.48

COG Financial Services 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															1.42	1.50	1.73	1.60	2.48

Competitive Comparison of COG Financial Services's Debt-to-Equity

For the Capital Markets subindustry, COG Financial Services'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.

COG Financial Services's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, COG Financial Services's Debt-to-Equity distribution charts can be found below:

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

COG Financial Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

COG Financial Services'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
	=	(226.175	+	150.573)	/	151.685
	=	2.48

COG Financial Services'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
	=	(226.175	+	150.573)	/	151.685
	=	2.48

COG Financial Services (ASX:COG) 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.

COG Financial Services Debt-to-Equity Related Terms

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COG Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » COG Financial Services Ltd (ASX:COG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

72 Archer Street, Level 1, Chatswood, Sydney, NSW, AUS, 2067

Website

https://www.cogfs.com.au

COG Financial Services Ltd is engaged in the equipment finance sector. The investment objective of the company is to grow its earnings per share by investing in complementary entities and growing existing businesses that specialize in equipment finance broking, finance aggregation, and commercial leases for essential business assets. Its segments include Finance Broking and Aggregation, which is the key revenue driver, focused on the aggregation of broker volumes to maximize profitability through scale and finance broking focused on a range of products finance and asset types; Novated Leasing; Asset Management and Lending activities, and others.

COG Financial Services Headlines

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