COG Financial Services (ASX:COG) Debt-to-Asset : 0.45 (As of Dec. 2023)

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What is COG Financial Services Debt-to-Asset?

COG Financial Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$190.7 Mil. COG Financial Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$61.0 Mil. COG Financial Services's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$557.1 Mil. COG Financial Services's debt to asset for the quarter that ended in Dec. 2023 was 0.45.

COG Financial Services Debt-to-Asset Historical Data

The historical data trend for COG Financial Services's Debt-to-Asset 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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COG Financial Services Debt-to-Asset Chart

COG Financial Services Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.31

0.30

0.47

0.48

COG Financial Services 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-Asset	Get a 7-Day Free Trial															0.48	0.47	0.48	0.48	0.45

Competitive Comparison of COG Financial Services's Debt-to-Asset

For the Capital Markets subindustry, COG Financial Services's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

COG Financial Services's Debt-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, COG Financial Services's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where COG Financial Services's Debt-to-Asset falls into.

COG Financial Services Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

COG Financial Services's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(205.837	+	77.888)	/	592.996
	=	0.48

COG Financial Services's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(190.709	+	61.018)	/	557.102
	=	0.45

COG Financial Services (ASX:COG) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

COG Financial Services Debt-to-Asset Related Terms

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COG Financial Services (ASX:COG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » COG Financial Services Ltd (ASX:COG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

72 Archer Street, Level 1, Chatswood, Sydney, NSW, AUS, 2067

Website

https://www.cogfs.com.au

COG Financial Services Ltd is engaged in the equipment finance sector. The investment objective of the company is to grow its earnings per share from investing in complementary entities and growing existing businesses that specialize in equipment finance broking, finance aggregation, and commercial leases for essential business assets. Its segments include Finance Broking and Aggregation, which is the key revenue driver, focused on the aggregation of broker volumes to maximize profitability through scale and finance broking focused on a range of products finance and asset types; Funds Management and Lending activities and others.

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