Cofina SGPS (FRA:112) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Cofina SGPS Debt-to-Equity?

Cofina SGPS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Cofina SGPS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Cofina SGPS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €54.91 Mil. Cofina SGPS's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Cofina SGPS was 3.87. The lowest was 0.93. And the median was 1.49.

FRA:112's Debt-to-Equity is not ranked ^*
in the Media - Diversified industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Cofina SGPS Debt-to-Equity Historical Data

The historical data trend for Cofina SGPS'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.

Cofina SGPS Debt-to-Equity Chart

Cofina SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.49

1.47

1.25

0.93

Cofina SGPS Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.09	0.93	0.70	-	N/A

Competitive Comparison of Cofina SGPS's Debt-to-Equity

For the Publishing subindustry, Cofina SGPS'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.

Cofina SGPS's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cofina SGPS's Debt-to-Equity distribution charts can be found below:

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

Cofina SGPS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cofina SGPS's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0	+	0)	/	54.91
	=	0.00

Cofina SGPS's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	54.91
	=	0.00

Cofina SGPS (FRA:112) 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.

Cofina SGPS Debt-to-Equity Related Terms

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

Cofina SGPS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cofina SGPS SA (FRA:112) » Definitions » Debt-to-Equity

Traded in Other Exchanges

CFN:Portugal 0NVT:UK

Address

Rua Manuel Pinto Azevedo, 818, Porto, PRT, 4100-320

Website

http://www.cofina.pt

Cofina SGPS SA is engaged in the business of publication, particularly in Portugal. Its publication portfolio includes daily newspaper Correio da Manha daily sports newspaper Record, a daily economic newspaper Jornal De Negocios, and the weekly newsmagazine Sabado and also has a cable television channel. The company's operating segments are Press and Television. It generates a majority of its revenue from the press segment.

Cofina SGPS Headlines

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