Cordia (Cordia) Debt-to-Equity : -0.54 (As of Sep. 2022)

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What is Cordia Debt-to-Equity?

Cordia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. Cordia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.34 Mil. Cordia's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $-0.63 Mil. Cordia's debt to equity for the quarter that ended in Sep. 2022 was -0.54.

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

CORG's Debt-to-Equity is not ranked ^*
in the Restaurants industry.
Industry Median: 0.95
* Ranked among companies with meaningful Debt-to-Equity only.

Cordia Debt-to-Equity Historical Data

The historical data trend for Cordia'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.

Cordia Debt-to-Equity Chart

Cordia Annual Data

Trend

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec20

Dec21

Debt-to-Equity

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0.05

-0.11

-0.42

-0.97

-0.64

Cordia Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															-1.59	-0.64	-0.65	-0.57	-0.54

Competitive Comparison of Cordia's Debt-to-Equity

For the Restaurants subindustry, Cordia'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.

Cordia's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cordia's Debt-to-Equity distribution charts can be found below:

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

Cordia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cordia's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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	+	0.25)	/	-0.388
	=	-0.64

Cordia's Debt to Equity Ratio for the quarter that ended in Sep. 2022 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	+	0.338)	/	-0.627
	=	-0.54

Cordia (OTCPK:CORG) 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.

Cordia Debt-to-Equity Related Terms

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

Cordia (Cordia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cordia Corp (OTCPK:CORG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Ryland Street, Suite 200-A, Reno, NV, USA, 89502

Website

https://cordiakitchens.com

Cordia Corp is an owner, investor, and innovator in the hospitality and restaurant industry. It operates virtual restaurants and develops ghost kitchens. The company through a wholly-owned subsidiary operates the Blind Pig restaurant in Las Vegas. The firm operates two virtual restaurants namely VegasdotPizza and KO Sports Bar and Grill that sell food and beverages on delivery apps.

Executives

Charles G Agule	director	445 HAMILTON AVENUE SUITE 601, WHITE PLAINS NY 10601
Patrick D Freeman	10 percent owner, officer: CTO	13275 W. COLONIAL DRIVE, WINTER GARDEN FL 34787
Robert Majernik	director	10 CANTERBURY ROAD, YONKERS NY 10704
Yoshiyasu Takada	director	CORDIA CORPORATION, 445 HAMILTON AVENUE, SUITE 408, WHITE PLAINS NY 10601
John Scagnelli	director	C/O CORDIA CORPORATION, 445 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kevin Griffo	officer: President & COO	445 HAMILTON AVENUE, STE 408, WHITE PLAINS NY 10601
Wesley Minella	director, officer: Secretary	C/O CORDIA CORP, 445 HAMILTON AVENUE, SUITE 408, WHITE PLAINS NY 10601
Joel Dupre	director, officer: Chief Executive Officer	C/O CORDIA CORP, 445 HAMILTON AVENUE, SUITE 408, WHITE PLAINS NY 10601
Gandolfo Verra	director	326 OSCAWANA LAKE ROAD, PUTNAM VALLEY NY 10579
Geils Ventures Llc	10 percent owner	1866 LEITHSVILLE ROAD, HELLERTOWN PA 18055
Alexander Minella	10 percent owner	8815 CONROY-WINDERMERE ROAD, ORLANDO FL 32835
Lorie Guerrera	officer: Principal Financial Officer	445 HAMILTON AVENUE, SUITE 408, WHITE PLAINS NY 10601