Ceylon Cold Stores (COL:CCS.N0000) Debt-to-Equity : 1.38 (As of Mar. 2024)

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What is Ceylon Cold Stores Debt-to-Equity?

Ceylon Cold Stores's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු14,363 Mil. Ceylon Cold Stores's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු13,854 Mil. Ceylon Cold Stores's Total Stockholders Equity for the quarter that ended in Mar. 2024 was රු20,451 Mil. Ceylon Cold Stores's debt to equity for the quarter that ended in Mar. 2024 was 1.38.

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 Ceylon Cold Stores's Debt-to-Equity or its related term are showing as below:

COL:CCS.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 1 Max: 1.74
Current: 1.38

During the past 13 years, the highest Debt-to-Equity Ratio of Ceylon Cold Stores was 1.74. The lowest was 0.05. And the median was 1.00.

COL:CCS.N0000's Debt-to-Equity is ranked worse than
87.64% of 89 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.29 vs COL:CCS.N0000: 1.38

Ceylon Cold Stores Debt-to-Equity Historical Data

The historical data trend for Ceylon Cold Stores'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.

Ceylon Cold Stores Debt-to-Equity Chart

Ceylon Cold Stores Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.29

1.46

1.56

1.74

1.38

Ceylon Cold Stores Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.74	1.63	1.46	1.40	1.38

Competitive Comparison of Ceylon Cold Stores's Debt-to-Equity

For the Beverages - Non-Alcoholic subindustry, Ceylon Cold Stores'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.

Ceylon Cold Stores's Debt-to-Equity Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Ceylon Cold Stores's Debt-to-Equity distribution charts can be found below:

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

Ceylon Cold Stores Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ceylon Cold Stores's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(14362.668	+	13853.518)	/	20450.697
	=	1.38

Ceylon Cold Stores's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(14362.668	+	13853.518)	/	20450.697
	=	1.38

Ceylon Cold Stores (COL:CCS.N0000) 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.

Ceylon Cold Stores Debt-to-Equity Related Terms

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

Ceylon Cold Stores (COL:CCS.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Ceylon Cold Stores PLC (COL:CCS.N0000) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 148, Vauxhall Street, Colombo, LKA, 02

Website

https://www.elephanthouse.lk

Ceylon Cold Stores PLC is a Sri Lankan company that is engaged in the manufacturing and marketing of beverages and frozen confectionery. The company operates through two business segments namely Manufacturing and Supermarkets. It generates maximum revenue from the Supermarkets segment. The company offers carbonated soft drinks, including ginger beer, cream, and apple soda, raspberry flavored Necto, orange-flavored orange crush and orange barley, lemonade, dry ginger ale, and toni, bottled drinking water, energy drinks, and ice creams. Geographically, it derives a majority of its revenue from Sri Lanka.

Ceylon Cold Stores (COL:CCS.N0000) Headlines

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