Ceres Global Ag (TSX:CRP) Debt-to-Equity : 0.47 (As of Mar. 2024)

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What is Ceres Global Ag Debt-to-Equity?

Ceres Global Ag's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$41 Mil. Ceres Global Ag's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$55 Mil. Ceres Global Ag's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$205 Mil. Ceres Global Ag's debt to equity for the quarter that ended in Mar. 2024 was 0.47.

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 Ceres Global Ag's Debt-to-Equity or its related term are showing as below:

TSX:CRP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.5 Max: 0.89
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Ceres Global Ag was 0.89. The lowest was 0.14. And the median was 0.50.

TSX:CRP's Debt-to-Equity is ranked better than
56.07% of 280 companies
in the Retail - Defensive industry
Industry Median: 0.595 vs TSX:CRP: 0.47

Ceres Global Ag Debt-to-Equity Historical Data

The historical data trend for Ceres Global Ag'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.

Ceres Global Ag Debt-to-Equity Chart

Ceres Global Ag Annual Data

Trend

Mar14

Mar15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.41

0.44

0.72

0.70

0.44

Ceres Global Ag Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.46	0.44	0.89	0.55	0.47

Competitive Comparison of Ceres Global Ag's Debt-to-Equity

For the Food Distribution subindustry, Ceres Global Ag'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.

Ceres Global Ag's Debt-to-Equity Distribution in the Retail - Defensive Industry

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

* The bar in red indicates where Ceres Global Ag's Debt-to-Equity falls into.

Ceres Global Ag Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ceres Global Ag'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
	=	(28.599	+	55.586)	/	189.535
	=	0.44

Ceres Global Ag's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(41.227	+	54.584)	/	205.192
	=	0.47

Ceres Global Ag (TSX:CRP) 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.

Ceres Global Ag Debt-to-Equity Related Terms

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

Ceres Global Ag (TSX:CRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ceres Global Ag Corp (TSX:CRP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CERGF:USA

Address

701 Xenia Avenue S., Suite 400, Golden Valley, MN, USA, 55416

Website

https://www.ceresglobalagcorp.com

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation's facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, specialty crops blending, birdfeed production, and seed distribution in Western Canada.

Executives

James Thomas Vanasek

Director, Director or Senior Officer of 10% Security Holder

Ceres Global Ag (TSX:CRP) Headlines

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