Comet Holding AG (LTS:0ROQ) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is Comet Holding AG Debt-to-Equity?

Comet Holding AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF3.5 Mil. Comet Holding AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF92.0 Mil. Comet Holding AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was CHF296.1 Mil. Comet Holding AG's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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

LTS:0ROQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.35 Max: 0.44
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Comet Holding AG was 0.44. The lowest was 0.13. And the median was 0.35.

LTS:0ROQ's Debt-to-Equity is ranked worse than
52.73% of 2194 companies
in the Hardware industry
Industry Median: 0.29 vs LTS:0ROQ: 0.32

Comet Holding AG Debt-to-Equity Historical Data

The historical data trend for Comet Holding 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.

* Premium members only.

Comet Holding AG Debt-to-Equity Chart

Comet Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.38

0.29

0.30

0.32

Comet Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.38	0.30	0.33	0.32

Competitive Comparison of Comet Holding AG's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Comet Holding 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.

Comet Holding AG's Debt-to-Equity Distribution in the Hardware Industry

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

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

Comet Holding AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Comet Holding 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
	=	(3.528	+	91.986)	/	296.092
	=	0.32

Comet Holding 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
	=	(3.528	+	91.986)	/	296.092
	=	0.32

Comet Holding AG (LTS:0ROQ) 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.

Comet Holding AG Debt-to-Equity Related Terms

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Comet Holding AG (LTS:0ROQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Comet Holding AG (LTS:0ROQ) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

COTNz:UK COTN:Switzerland

Address

Herrengasse 10, P.O. Box 141, Flamatt, CHE, 3175

Website

http://www.comet-group.com

Comet Holding AG is a vendor of x-ray, radio frequency (RF) power and ebeam technology. It markets its systems and services, under the Comet, Yxlon and ebeam brands. Yxlon x-ray systems for non-destructive testing are supplied to end customers in the automotive, aerospace, electronics and energy sectors. Under the Comet brand, the group builds components and modules such as x-ray sources, vacuum capacitors, RF generators and impedance matching networks, marketed to manufacturers in the automotive, aerospace, semiconductor and solar industries as well as the security sector. Under the ebeam brand, the group develops and markets compact ebeam sets for the treatment of surfaces in the food and printing industries.

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