Cintas (BSP:C1TA34) Debt-to-Equity : 0.66 (As of Nov. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Cintas Debt-to-Equity?

Cintas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was R$3,928 Mil. Cintas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was R$12,571 Mil. Cintas's Total Stockholders Equity for the quarter that ended in Nov. 2024 was R$24,883 Mil. Cintas's debt to equity for the quarter that ended in Nov. 2024 was 0.66.

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

BSP:C1TA34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 0.75 Max: 1.36
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Cintas was 1.36. The lowest was 0.53. And the median was 0.75.

BSP:C1TA34's Debt-to-Equity is ranked worse than
64.32% of 911 companies
in the Business Services industry
Industry Median: 0.37 vs BSP:C1TA34: 0.66

Cintas Debt-to-Equity Historical Data

The historical data trend for Cintas'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.

Cintas Debt-to-Equity Chart

Cintas Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Debt-to-Equity

Get a 7-Day Free Trial

0.84

0.74

0.90

0.69

0.62

Cintas Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Debt-to-Equity	Get a 7-Day Free Trial															0.72	0.63	0.62	0.71	0.66

Competitive Comparison of Cintas's Debt-to-Equity

For the Specialty Business Services subindustry, Cintas'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.

Cintas's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cintas's Debt-to-Equity distribution charts can be found below:

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

Cintas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cintas's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(2544.37	+	11161.023)	/	22172.34
	=	0.62

Cintas's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(3928.185	+	12571.37)	/	24883.272
	=	0.66

Cintas (BSP:C1TA34) 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.

Cintas Debt-to-Equity Related Terms

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

Cintas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (BSP:C1TA34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTAS:USA CTAS:Mexico 0HYJ:UK CIT:Germany CIT:Germany CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.

Cintas Headlines

No Headlines