Courage Investment Group (SGX:CIN) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Courage Investment Group Debt-to-Equity?

Courage Investment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was S$0.08 Mil. Courage Investment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was S$0.00 Mil. Courage Investment Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was S$78.91 Mil. Courage Investment Group's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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 Courage Investment Group's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Courage Investment Group was 1.29. The lowest was 0.00. And the median was 0.43.

SGX:CIN's Debt-to-Equity is not ranked ^*
in the Transportation industry.
Industry Median: 0.54
* Ranked among companies with meaningful Debt-to-Equity only.

Courage Investment Group Debt-to-Equity Historical Data

The historical data trend for Courage Investment Group'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.

Courage Investment Group Debt-to-Equity Chart

Courage Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.33

0.16

0.05

0.02

Courage Investment Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.05	0.03	0.02	-

Competitive Comparison of Courage Investment Group's Debt-to-Equity

For the Marine Shipping subindustry, Courage Investment Group'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.

Courage Investment Group's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Courage Investment Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Courage Investment Group's Debt-to-Equity falls into.

Courage Investment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Courage Investment Group'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
	=	(1.139	+	0.012)	/	76.06
	=	0.02

Courage Investment Group's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(0.08	+	0)	/	78.907
	=	0.00

Courage Investment Group (SGX:CIN) 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.

Courage Investment Group Debt-to-Equity Related Terms

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Courage Investment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Courage Investment Group Ltd (SGX:CIN) » Definitions » Debt-to-Equity

Traded in Other Exchanges

01145:Hong Kong

Address

23 Harbour Road, Room 1501, 15th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

https://www.courageinv.com

Courage Investment Group Ltd is an investment holding company. The company's reportable segments include Marine transportation, Merchandise trading, Property holding and investment and Investment holding. It generates maximum revenue from the Marine transportation segment which comprises mainly vessel chartering business. Geographically, it derives a majority of its revenue from Hong Kong.

Courage Investment Group Headlines

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