Cognor Holding (FRA:WO9) Debt-to-Equity : 0.61 (As of Mar. 2024)

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What is Cognor Holding Debt-to-Equity?

Cognor Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €53.4 Mil. Cognor Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €115.3 Mil. Cognor Holding's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €275.1 Mil. Cognor Holding's debt to equity for the quarter that ended in Mar. 2024 was 0.61.

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

FRA:WO9' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 1.19 Max: 3.49
Current: 0.61

During the past 13 years, the highest Debt-to-Equity Ratio of Cognor Holding was 3.49. The lowest was 0.34. And the median was 1.19.

FRA:WO9's Debt-to-Equity is ranked worse than
55.96% of 554 companies
in the Steel industry
Industry Median: 0.405 vs FRA:WO9: 0.61

Cognor Holding Debt-to-Equity Historical Data

The historical data trend for Cognor Holding'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.

Cognor Holding Debt-to-Equity Chart

Cognor Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.02

1.18

0.93

0.56

0.34

Cognor Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.34	0.37	0.51	0.49	0.61

Competitive Comparison of Cognor Holding's Debt-to-Equity

For the Steel subindustry, Cognor Holding'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.

Cognor Holding's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Cognor Holding's Debt-to-Equity distribution charts can be found below:

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

Cognor Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cognor Holding's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(16.664	+	77.433)	/	273.315
	=	0.34

Cognor Holding'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
	=	(53.446	+	115.256)	/	275.106
	=	0.61

Cognor Holding (FRA:WO9) 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.

Cognor Holding Debt-to-Equity Related Terms

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

Cognor Holding (FRA:WO9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cognor Holding SA (FRA:WO9) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

COG:Poland

Address

ul. Zielona 26, Kielce, POL, 25-563

Website

http://www.cognor.pl

Cognor Holding SA operates in the steel industry. Its activities are divided into four business segments such as; Scrap division focuses on buying, processing, refining and selling of scrap metal and nonferrous scrap. Production division which contributes major revenue is responsible for processing scrap metal into steel billets, as well as converting steel billets and nonferrous scrap into finished products. The Distribution division sells various commodities, such as steel products, steel and nonferrous scrap and steel billets. The Other division includes materials recycling, among others. The firm's products range comprises metal bars, steel sheet, plates, pipes, and rods, as well as sheet zinc and tin plates, among others. Firm's majority revenue comes from Poland.

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