Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Cell C HoldingsJSE:CCD +0.16% Debt-to-Equity is 0.64 as of May. 2026, which is 814% above its 10-year median of 0.07. The stock has 5 warning signs investors should review. Among 324 Telecommunication Services companies, Cell C Holdings ranks worse than 51.54% on this metric.
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 Cell C Holdings's Debt-to-Equity or its related term are showing as below:
JSE:CCD'
s Debt-to-Equity Range Over the Past 10 Years
Min: -0.54 Med: 0.07 Max: 0.78
Current: 0.64
During the past 4 years, the highest Debt-to-Equity Ratio of Cell C Holdings was 0.78. The lowest was -0.54. And the median was 0.07.
JSE:CCD's Debt-to-Equity is ranked worse than 51.54% of 324
companies
in the Telecommunication Services industry
Industry Median: 0.61
vs JSE:CCD: 0.64
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.
Cell C Holdings Debt-to-Equity Related Terms
Cell C Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Cell C Holdings'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.
For the Telecom Services subindustry, Cell C Holdings'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.
Cell C Holdings Debt-to-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Cell C Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Cell C Holdings's Debt-to-Equity falls into.
* 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.
Cell C Holdings (JSE:CCD) has a Debt-to-Equity of 0.64 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cell C Holdings and its competitors. This is 814% above median its historical median of 0.07. According to the industry distribution chart, Cell C Holdings ranks #167 out of 324 companies in the Telecommunication Services industry, placing it in the top 51.5%.
Is Cell C Holdings' Debt-to-Equity too high?
Cell C Holdings' current Debt-to-Equity of 0.64 is 814% above median its 10-year median of 0.07. The Telecommunication Services industry median Debt-to-Equity is 0.61. Cell C Holdings' value of 0.64 is 4.9% above this industry median. Based on the distribution chart, Cell C Holdings ranks #167 out of 324 companies in the Telecommunication Services industry, which is below the industry midpoint.
How does Cell C Holdings' Debt-to-Equity compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Cell C Holdings ranks #167 out of 324 companies for Debt-to-Equity. This places Cell C Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.61. Cell C Holdings' value of 0.64 is 4.9% above this benchmark. While the company's 10-year median is 0.07 vs. the industry median of 0.61, Cell C Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Telecommunication Services company?
The median Debt-to-Equity among Telecommunication Services companies is 0.61, based on 324 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cell C Holdings's current Debt-to-Equity of 0.64 is 4.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cell C Holdings and its competitors. For the Telecommunication Services industry, the median Debt-to-Equity is 0.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cell C Holdings's current Debt-to-Equity is 0.64, which is 814% above median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cell C Holdings stock overvalued right now?
Cell C Holdings (JSE:CCD) has a current Debt-to-Equity of 0.64. The current Debt-to-Equity is 0.64, which is 814% above median its 10-year median of 0.07 and 4.9% above the Telecommunication Services industry median of 0.61. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Cell C Holdings (JSE:CCD), the current Debt-to-Equity is 0.64 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Cell C Holdings Ltd is a mobile provider in South Africa offering a wide scope of products and services, including voice, data, device and SIM deals to millions of customers.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:CCD has been successfully added to your 
