Carbonxt Group (ASX:CG1) Debt-to-Equity : 0.95 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Carbonxt Group Debt-to-Equity?

Carbonxt Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$11.18 Mil. Carbonxt Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.51 Mil. Carbonxt Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$12.37 Mil. Carbonxt Group's debt to equity for the quarter that ended in Dec. 2023 was 0.94.

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

ASX:CG1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.88 Max: 1.72
Current: 0.95

During the past 6 years, the highest Debt-to-Equity Ratio of Carbonxt Group was 1.72. The lowest was 0.30. And the median was 0.88.

ASX:CG1's Debt-to-Equity is ranked worse than
83.32% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs ASX:CG1: 0.95

Carbonxt Group Debt-to-Equity Historical Data

The historical data trend for Carbonxt 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.

Carbonxt Group Debt-to-Equity Chart

Carbonxt Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

1.72

1.15

0.88

0.67

0.71

Carbonxt Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.88	0.67	0.41	0.71	0.95

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

For the Specialty Chemicals subindustry, Carbonxt 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.

Carbonxt Group's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Carbonxt Group's Debt-to-Equity distribution charts can be found below:

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

Carbonxt Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Carbonxt 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
	=	(11.406	+	0.169)	/	16.277
	=	0.71

Carbonxt 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
	=	(11.178	+	0.507)	/	12.371
	=	0.94

Carbonxt Group (ASX:CG1) 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.

Carbonxt Group Debt-to-Equity Related Terms

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

Carbonxt Group (ASX:CG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Carbonxt Group Ltd (ASX:CG1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CKV:Germany

Address

3951 NW 48th Terrace, Suite 111, Gainesville, FL, USA, 32606

Website

https://www.carbonxt.com

Carbonxt Group Ltd is an Australian company engaged in the development and sale of specialized Activated Carbon (AC) products, including Powdered Activated Carbon (PAC) and AC pellets for the removal of pollutants and toxins in industrial processes. Geographically, it derives a majority of revenue from the United States of America. The company product comprises coal-fired power plants, cement plants, waste to energy, potable water and other applications.

Carbonxt Group (ASX:CG1) Headlines

No Headlines