Cleanaway Waste Management (ASX:CWY) Debt-to-Equity : 0.57 (As of Dec. 2023)

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What is Cleanaway Waste Management Debt-to-Equity?

Cleanaway Waste Management's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$103 Mil. Cleanaway Waste Management's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,581 Mil. Cleanaway Waste Management's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,964 Mil. Cleanaway Waste Management's debt to equity for the quarter that ended in Dec. 2023 was 0.57.

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 Cleanaway Waste Management's Debt-to-Equity or its related term are showing as below:

ASX:CWY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.29 Max: 0.64
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Cleanaway Waste Management was 0.64. The lowest was 0.02. And the median was 0.29.

ASX:CWY's Debt-to-Equity is ranked better than
55% of 220 companies
in the Waste Management industry
Industry Median: 0.685 vs ASX:CWY: 0.57

Cleanaway Waste Management Debt-to-Equity Historical Data

The historical data trend for Cleanaway Waste Management'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.

Cleanaway Waste Management Debt-to-Equity Chart

Cleanaway Waste Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.28

0.42

0.41

0.64

0.54

Cleanaway Waste Management 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-Equity	Get a 7-Day Free Trial															0.63	0.64	0.52	0.54	0.57

Competitive Comparison of Cleanaway Waste Management's Debt-to-Equity

For the Waste Management subindustry, Cleanaway Waste Management'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.

Cleanaway Waste Management's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Cleanaway Waste Management's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cleanaway Waste Management's Debt-to-Equity falls into.

Cleanaway Waste Management Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cleanaway Waste Management'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
	=	(98.4	+	1490.7)	/	2941.5
	=	0.54

Cleanaway Waste Management'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
	=	(103.2	+	1580.6)	/	2964.4
	=	0.57

Cleanaway Waste Management (ASX:CWY) 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.

Cleanaway Waste Management Debt-to-Equity Related Terms

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

Cleanaway Waste Management (ASX:CWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Waste Management Ltd (ASX:CWY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TSPCF:USA TG9:Germany

Address

441 St Kilda Road, Level 4, Melbourne, VIC, AUS, 3004

Website

https://www.cleanaway.com.au

Cleanaway Waste Management is Australia's largest waste management business with a national footprint spanning collection, midstream waste processing, treatment, and valorization, and downstream waste disposal. Cleanaway is active in municipal and commercial and industrial, or C&I, waste stream segments and in nonhazardous and hazardous liquid waste and medical waste streams following the acquisition of Toxfree in fiscal 2018. While Cleanaway is allocating greater capital to midstream waste processing and treatment, earnings remain skewed toward waste collection. Cleanaway is particularly strong in C&I and municipal waste collection with strong market share in all large Australian metro waste collection market.

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