Cullinan Holdings (JSE:CULP.PFD) Debt-to-Equity : 0.08 (As of Sep. 2017)

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What is Cullinan Holdings Debt-to-Equity?

Cullinan Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2017 was R0.41 Mil. Cullinan Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2017 was R45.00 Mil. Cullinan Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2017 was R568.07 Mil. Cullinan Holdings's debt to equity for the quarter that ended in Sep. 2017 was 0.08.

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

JSE:CULP.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.6
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Cullinan Holdings was 0.60. The lowest was 0.00. And the median was 0.08.

JSE:CULP.PFD's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs JSE:CULP.PFD: 0.08

Cullinan Holdings Debt-to-Equity Historical Data

The historical data trend for Cullinan 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.

* Premium members only.

Cullinan Holdings Debt-to-Equity Chart

Cullinan Holdings Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Debt-to-Equity

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0.17

0.09

0.08

Cullinan Holdings Semi-Annual Data
	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17
Debt-to-Equity	Get a 7-Day Free Trial															0.17	0.15	0.09	0.09	0.08

Competitive Comparison of Cullinan Holdings's Debt-to-Equity

For the Leisure subindustry, Cullinan 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.

Cullinan Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Cullinan Holdings's Debt-to-Equity distribution charts can be found below:

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

Cullinan Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cullinan Holdings's Debt to Equity Ratio for the fiscal year that ended in Sep. 2017 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
	=	(0.405	+	45)	/	568.067
	=	0.08

Cullinan Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 2017 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
	=	(0.405	+	45)	/	568.067
	=	0.08

Cullinan Holdings (JSE:CULP.PFD) 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.

Cullinan Holdings Debt-to-Equity Related Terms

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Cullinan Holdings (JSE:CULP.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Cullinan Holdings Ltd (JSE:CULP.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.cullinan.co.za

Cullinan Holdings Ltd is engaged in leisure business sector. The business of the company operates in segments that include Marine and Boating; which supplies marine and boating equipment to boat builders and wholesalers; Travel and Tourism, which provides outbound tours, inbound tours, and coaching and touring; Financial Services, which provides bridging finance primarily on property transfers, marine finance aimed at boat building; and Corporate Services, which focus on projects to support community development. The Travel and Tourism business segment generates maximum revenue for the company.

Cullinan Holdings (JSE:CULP.PFD) Headlines

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