Coles Group (ASX:COL) Debt-to-Equity : 2.66 (As of Dec. 2023)

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What is Coles Group Debt-to-Equity?

Coles Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$815 Mil. Coles Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$8,576 Mil. Coles Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3,537 Mil. Coles Group's debt to equity for the quarter that ended in Dec. 2023 was 2.66.

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

ASX:COL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 3.13 Max: 4.02
Current: 2.66

During the past 6 years, the highest Debt-to-Equity Ratio of Coles Group was 4.02. The lowest was 0.44. And the median was 3.13.

ASX:COL's Debt-to-Equity is ranked worse than
87.77% of 278 companies
in the Retail - Defensive industry
Industry Median: 0.64 vs ASX:COL: 2.66

Coles Group Debt-to-Equity Historical Data

The historical data trend for Coles 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.

Coles Group Debt-to-Equity Chart

Coles Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.44

3.99

3.52

3.13

2.67

Coles Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						3.22	3.13	2.61	2.67	2.66

Competitive Comparison of Coles Group's Debt-to-Equity

For the Grocery Stores subindustry, Coles 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.

Coles Group's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Coles Group's Debt-to-Equity distribution charts can be found below:

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

Coles Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coles Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(820	+	8147)	/	3356
	=	2.67

Coles Group'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
	=	(815	+	8576)	/	3537
	=	2.66

Coles Group (ASX:COL) 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.

Coles Group Debt-to-Equity Related Terms

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Coles Group (ASX:COL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Coles Group Ltd (ASX:COL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CLEGF:USA 2OF:Germany

Address

800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123

Website

https://www.colesgroup.com.au

Coles Group Limited is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and is the country's third-largest liquor retailer. The group has an extensive store network of about 2,500 store outlets and roughly 80% of Australian live within a 10-minute drive from their nearest Coles store. The retailer employs some 110,000 people, who process over 20 million individual customer transactions a week. This compares with Woolworths processing almost 30 million customer transactions per week from Australia's population of 25 million.