Cairn Homes (LSE:CRN) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is Cairn Homes Debt-to-Equity?

Cairn Homes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £13.7 Mil. Cairn Homes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £141.6 Mil. Cairn Homes's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £652.3 Mil. Cairn Homes's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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 Cairn Homes's Debt-to-Equity or its related term are showing as below:

LSE:CRN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.24 Max: 0.34
Current: 0.24

During the past 9 years, the highest Debt-to-Equity Ratio of Cairn Homes was 0.34. The lowest was 0.13. And the median was 0.24.

LSE:CRN's Debt-to-Equity is ranked better than
68.09% of 94 companies
in the Homebuilding & Construction industry
Industry Median: 0.535 vs LSE:CRN: 0.24

Cairn Homes Debt-to-Equity Historical Data

The historical data trend for Cairn Homes'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.

Cairn Homes Debt-to-Equity Chart

Cairn Homes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.27

0.19

0.24

Cairn Homes Semi-Annual Data
	Jun15	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												0.19	0.37	0.24	0.43	0.24

Competitive Comparison of Cairn Homes's Debt-to-Equity

For the Residential Construction subindustry, Cairn Homes'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.

Cairn Homes's Debt-to-Equity Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cairn Homes's Debt-to-Equity distribution charts can be found below:

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

Cairn Homes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cairn Homes'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
	=	(13.723	+	141.568)	/	652.299
	=	0.24

Cairn Homes'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
	=	(13.723	+	141.568)	/	652.299
	=	0.24

Cairn Homes (LSE:CRN) 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.

Cairn Homes Debt-to-Equity Related Terms

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Cairn Homes (LSE:CRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cairn Homes PLC (LSE:CRN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

C5H:Ireland CRNl:UK C5H:Germany

Address

45 Mespil Road, Dublin, IRL, D04 W2F1

Website

https://www.cairnhomes.com

Cairn Homes PLC is an Irish homebuilder. Its core activity is to design and develop properties for residential purposes, majorly in the suburbs of Dublin City. The company's portfolio predominantly comprises single-family homes and apartments that form a minor share. Its sales of residential property drive most company revenues.

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