Canadian General Investments (LSE:CGI) Debt-to-Equity : 0.08 (As of Dec. 2022)

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What is Canadian General Investments Debt-to-Equity?

Canadian General Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was £0.00 Mil. Canadian General Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was £45.33 Mil. Canadian General Investments's Total Stockholders Equity for the quarter that ended in Dec. 2022 was £608.16 Mil. Canadian General Investments's debt to equity for the quarter that ended in Dec. 2022 was 0.07.

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 Canadian General Investments's Debt-to-Equity or its related term are showing as below:

LSE:CGI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.12 Max: 0.15
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Canadian General Investments was 0.15. The lowest was 0.08. And the median was 0.12.

LSE:CGI's Debt-to-Equity is ranked better than
57.16% of 1013 companies
in the Asset Management industry
Industry Median: 0.19 vs LSE:CGI: 0.15

Canadian General Investments Debt-to-Equity Historical Data

The historical data trend for Canadian General Investments'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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Canadian General Investments Debt-to-Equity Chart

Canadian General Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.10

0.08

0.15

Canadian General Investments Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.08	0.07	0.08	0.15

Competitive Comparison of Canadian General Investments's Debt-to-Equity

For the Asset Management subindustry, Canadian General Investments'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.

Canadian General Investments's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canadian General Investments's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Canadian General Investments's Debt-to-Equity falls into.

Canadian General Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canadian General Investments'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	+	103.049)	/	683.325
	=	0.15

Canadian General Investments's Debt to Equity Ratio for the quarter 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
	=	(0	+	45.326)	/	608.158
	=	0.07

Canadian General Investments (LSE:CGI) 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.

Canadian General Investments Debt-to-Equity Related Terms

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

Canadian General Investments (LSE:CGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian General Investments Ltd (LSE:CGI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CGI:Canada

Address

10 Toronto Street, Toronto, ON, CAN, M5C 2B7

Website

https://www.canadiangeneralinvestments.ca

Canadian General Investments Ltd is a Canadian closed-end investment fund. Its investment objective is to provide better than average returns to investors by investing in medium- to long-term investments. The company's strategy involves prudent security selection and recognition of capital gains or losses. CGI's investment portfolio entails companies in multiple sectors such as Information Technology, Industrials, materials, financials, consumer discretionary, energy, Real Estate, Communication Services, Health Care, Cash, and Utilities.

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