CleanSpace Holdings (ASX:CSX) Debt-to-Equity : 0.19 (As of Dec. 2023)

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What is CleanSpace Holdings Debt-to-Equity?

CleanSpace Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.53 Mil. CleanSpace Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.16 Mil. CleanSpace Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$19.97 Mil. CleanSpace Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.19.

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 CleanSpace Holdings's Debt-to-Equity or its related term are showing as below:

ASX:CSX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.14 Max: 0.19
Current: 0.19

During the past 4 years, the highest Debt-to-Equity Ratio of CleanSpace Holdings was 0.19. The lowest was 0.11. And the median was 0.14.

ASX:CSX's Debt-to-Equity is ranked better than
53.1% of 710 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs ASX:CSX: 0.19

CleanSpace Holdings Debt-to-Equity Historical Data

The historical data trend for CleanSpace Holdings'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.

CleanSpace Holdings Debt-to-Equity Chart

CleanSpace Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.06

0.11

0.14

0.18

CleanSpace Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.12	0.14	0.16	0.18	0.19

Competitive Comparison of CleanSpace Holdings's Debt-to-Equity

For the Medical Devices subindustry, CleanSpace Holdings'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.

CleanSpace Holdings's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, CleanSpace Holdings's Debt-to-Equity distribution charts can be found below:

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

CleanSpace Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CleanSpace Holdings'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
	=	(0.637	+	3.364)	/	21.955
	=	0.18

CleanSpace Holdings'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
	=	(0.534	+	3.162)	/	19.973
	=	0.19

CleanSpace Holdings (ASX:CSX) 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.

CleanSpace Holdings Debt-to-Equity Related Terms

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CleanSpace Holdings (ASX:CSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CleanSpace Holdings Ltd (ASX:CSX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5/39 Herbert Street, Saint Leonards, NSW, AUS, 2065

Website

https://www.cleanspacetechnology.com

CleanSpace Holdings Ltd manufactures and sells workplace respiratory protection equipment (RPE) for healthcare and industrial end markets. Its products include Compare, CleanSpace HALO, CleanSpace ULTRA, Masks, Filters, and Compatible Products.