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CokalCKALF +71.43% Debt-to-Equity is -1.92 as of Dec. 2025. The stock has 4 warning signs investors should review. Among 548 Steel companies, Cokal ranks worse than 182481.57% on this metric.
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 Cokal's Debt-to-Equity or its related term are showing as below:
CKALF'
s Debt-to-Equity Range Over the Past 10 Years
Min: -574.1 Med: 0.65 Max: 15.12
Current: -1.92
During the past 13 years, the highest Debt-to-Equity Ratio of Cokal was 15.12. The lowest was -574.10. And the median was 0.65.
CKALF's Debt-to-Equity is not ranked
in the Steel industry.
Industry Median: 0.405
vs CKALF: -1.92
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.
Cokal Debt-to-Equity Related Terms
Cokal Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Cokal'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.
For the Coking Coal subindustry, Cokal'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.
Cokal Debt-to-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Cokal's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Cokal's Debt-to-Equity falls into.
* 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.
Cokal (CKALF) has a Debt-to-Equity of -1.92 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cokal and its competitors. According to the industry distribution chart, Cokal ranks #999999 out of 548 companies in the Steel industry.
Is Cokal's Debt-to-Equity too high?
Cokal's current Debt-to-Equity is -1.92. Based on the distribution chart, Cokal ranks #999999 out of 548 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does Cokal's Debt-to-Equity compare to HCC and AMR?
According to the Steel industry distribution chart, Cokal ranks #999999 out of 548 companies for Debt-to-Equity. This places Cokal in the lower half of its industry. The industry median Debt-to-Equity is 0.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Steel company?
The median Debt-to-Equity among Steel companies is 0.41, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cokal and its competitors. For the Steel industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cokal's current Debt-to-Equity is -1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cokal stock overvalued right now?
Cokal (CKALF) has a current Debt-to-Equity of -1.92. The current Debt-to-Equity is -1.92. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Cokal (CKALF), the current Debt-to-Equity is -1.92 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Cokal Ltd is a coal exploration company. The principal activity of the company is the exploration of coal within the Central Kalimantan coking coal basin in Indonesia. Cokal has interests in four projects in Central Kalimantan. The firm is organized into three operating segments, which involve the exploration of coal in Indonesia, Australia, and Singapore. The majority of its revenue is derived from Indonesia.
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