Coastal Contacts (OSTO:COA) Debt-to-Equity : 0.24 (As of Jan. 2014)

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What is Coastal Contacts Debt-to-Equity?

Coastal Contacts's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2014 was kr19 Mil. Coastal Contacts's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2014 was kr28 Mil. Coastal Contacts's Total Stockholders Equity for the quarter that ended in Jan. 2014 was kr193 Mil. Coastal Contacts's debt to equity for the quarter that ended in Jan. 2014 was 0.24.

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 Coastal Contacts's Debt-to-Equity or its related term are showing as below:

OSTO:COA's Debt-to-Equity is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 0.215
* Ranked among companies with meaningful Debt-to-Equity only.

Coastal Contacts Debt-to-Equity Historical Data

The historical data trend for Coastal Contacts'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.

Coastal Contacts Debt-to-Equity Chart

Coastal Contacts Annual Data

Trend

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Debt-to-Equity

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0.09

0.18

0.19

0.24

Coastal Contacts Quarterly Data
	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14
Debt-to-Equity	Get a 7-Day Free Trial															0.18	0.18	0.19	0.24	0.24

Competitive Comparison of Coastal Contacts's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Coastal Contacts'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.

Coastal Contacts's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Coastal Contacts's Debt-to-Equity distribution charts can be found below:

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

Coastal Contacts Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coastal Contacts's Debt to Equity Ratio for the fiscal year that ended in Oct. 2013 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
	=	(31.165	+	21.859)	/	221.593
	=	0.24

Coastal Contacts's Debt to Equity Ratio for the quarter that ended in Jan. 2014 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
	=	(18.634	+	28.168)	/	192.647
	=	0.24

Coastal Contacts (OSTO:COA) 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.

Coastal Contacts Debt-to-Equity Related Terms

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

Coastal Contacts (OSTO:COA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Coastal Contacts Inc. (OSTO:COA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.coastalcontacts.com

Coastal Contacts Inc. was incorporated under the Canada Business Corporations Act on December 14, 2000. The Company is an online retailer of vision care products. It is a direct-to-consumer retailer of vision care products and services. The Company sells contact lenses, eyeglasses and related products mainly through the Company's internet websites, although customers may also place orders over the telephone. It has operations and distribution centers in North America, Europe and Australia. The Company sells contact lenses manufactured by multinational companies such as Johnson and Johnson Inc., CIBA Vision Corporation (a division of Alcon), Bausch & Lomb Inc. and Coopervision Inc. It sells eyeglasses, which are mainly assembled in the Company's own laboratories, composed of frames and lenses purchased from a variety of different suppliers. The frames it uses in its eyeglasses include both branded frames and the Company's own private label frames such as Derek Cardigan, Kam Dhillon, Ltede and Joseph Marc. The Company also sells a variety of vision related products such as sunglasses and contact lens solutions including its own Healthy Eyes brand multipurpose contact lens solution for soft contact lenses. It offers substantially all of the soft contact lenses produced by the contact lens manufacturers, including Johnson & Johnson Inc., CIBA Vision Corporation, Bausch & Lomb Inc. and Coopervision Inc. The Company conducts all of its product fulfillment operations from the Company's distribution facilities in Vancouver, British Columbia, Canada; Stockholm, Sweden; Blaine, Washington and Sydney, Australia.

Coastal Contacts (OSTO:COA) Headlines

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