Cenit AG (FRA:CSH) Debt-to-Equity : 1.15 (As of Dec. 2023)

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What is Cenit AG Debt-to-Equity?

Cenit AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.7 Mil. Cenit AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €44.9 Mil. Cenit AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €42.3 Mil. Cenit AG's debt to equity for the quarter that ended in Dec. 2023 was 1.15.

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

FRA:CSH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.32 Max: 1.15
Current: 1.15

During the past 13 years, the highest Debt-to-Equity Ratio of Cenit AG was 1.15. The lowest was 0.08. And the median was 0.32.

FRA:CSH's Debt-to-Equity is ranked worse than
87.14% of 2224 companies
in the Software industry
Industry Median: 0.21 vs FRA:CSH: 1.15

Cenit AG Debt-to-Equity Historical Data

The historical data trend for Cenit AG'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.

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Cenit AG Debt-to-Equity Chart

Cenit AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.36

0.29

0.25

0.77

1.15

Cenit AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.77	0.73	0.74	1.18	1.15

Competitive Comparison of Cenit AG's Debt-to-Equity

For the Software - Application subindustry, Cenit AG'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.

Cenit AG's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Cenit AG's Debt-to-Equity distribution charts can be found below:

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

Cenit AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cenit AG'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
	=	(3.657	+	44.861)	/	42.335
	=	1.15

Cenit AG'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
	=	(3.657	+	44.861)	/	42.335
	=	1.15

Cenit AG (FRA:CSH) 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.

Cenit AG Debt-to-Equity Related Terms

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Cenit AG (FRA:CSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cenit AG (FRA:CSH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CSH:Germany

Address

Industriestrasse 52-54, Stuttgart, DEU, 70565

Website

https://www.cenit.com

Cenit AG is a software and information technology consulting company. It offers Product Lifecycle Management and Enterprise Information Management. The PLM (Product Lifestyle Management) segment focuses on the automotive, aerospace, mechanical engineering, and shipbuilding industries. The Enterprise Information Management focuses on products of the strategic software. The focus of the CENIT Group is on business process optimization and computer-aided design and development technologies. The company's revenue is generated from its Germany segment.

Executives

Peter Schneck

Board of Directors