Coronation Fund Managers (Coronation Fund Managers) Debt-to-Equity : 0.13 (As of Sep. 2023)

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What is Coronation Fund Managers Debt-to-Equity?

Coronation Fund Managers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.3 Mil. Coronation Fund Managers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $13.3 Mil. Coronation Fund Managers's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $109.3 Mil. Coronation Fund Managers's debt to equity for the quarter that ended in Sep. 2023 was 0.13.

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 Coronation Fund Managers's Debt-to-Equity or its related term are showing as below:

COFUF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.14 Max: 0.26
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Coronation Fund Managers was 0.26. The lowest was 0.07. And the median was 0.14.

COFUF's Debt-to-Equity is ranked better than
62.46% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs COFUF: 0.13

Coronation Fund Managers Debt-to-Equity Historical Data

The historical data trend for Coronation Fund Managers'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.

Coronation Fund Managers Debt-to-Equity Chart

Coronation Fund Managers Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.15

0.26

0.11

0.14

0.13

Coronation Fund Managers Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.11	0.14	0.20	0.13

Competitive Comparison of Coronation Fund Managers's Debt-to-Equity

For the Asset Management subindustry, Coronation Fund Managers'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.

Coronation Fund Managers's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Coronation Fund Managers's Debt-to-Equity distribution charts can be found below:

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

Coronation Fund Managers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coronation Fund Managers's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(1.265	+	13.34)	/	109.303
	=	0.13

Coronation Fund Managers's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.265	+	13.34)	/	109.303
	=	0.13

Coronation Fund Managers (GREY:COFUF) 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.

Coronation Fund Managers Debt-to-Equity Related Terms

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Coronation Fund Managers (Coronation Fund Managers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Coronation Fund Managers Ltd (GREY:COFUF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CML:South Africa N8C:Germany

Address

Cnr Campground and Main Roads, 7th Floor, MontClare Place, Claremont, Cape Town, WC, ZAF, 7708

Website

https://www.coronation.com

Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.

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