Cofix Group (XTAE:CFX) Debt-to-Equity : 4.38 (As of Mar. 2024)

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What is Cofix Group Debt-to-Equity?

Cofix Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪21.6 Mil. Cofix Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪95.3 Mil. Cofix Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₪26.7 Mil. Cofix Group's debt to equity for the quarter that ended in Mar. 2024 was 4.38.

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

XTAE:CFX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 3.92 Max: 9.07
Current: 4.38

During the past 8 years, the highest Debt-to-Equity Ratio of Cofix Group was 9.07. The lowest was 0.25. And the median was 3.92.

XTAE:CFX's Debt-to-Equity is ranked worse than
91.69% of 301 companies
in the Restaurants industry
Industry Median: 0.93 vs XTAE:CFX: 4.38

Cofix Group Debt-to-Equity Historical Data

The historical data trend for Cofix 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.

Cofix Group Debt-to-Equity Chart

Cofix Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.55

3.83

5.08

7.73

4.67

Cofix Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															9.07	4.00	4.09	4.67	4.38

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

For the Restaurants subindustry, Cofix 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.

Cofix Group's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cofix Group's Debt-to-Equity distribution charts can be found below:

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

Cofix Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cofix Group'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
	=	(24.487	+	99.693)	/	26.621
	=	4.66

Cofix Group'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
	=	(21.565	+	95.257)	/	26.66
	=	4.38

Cofix Group (XTAE:CFX) 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.

Cofix Group Debt-to-Equity Related Terms

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

Cofix Group (XTAE:CFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cofix Group Ltd (XTAE:CFX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zarchin 10, Ra'anana, ISR, 4366238

Website

http://www.cofix.co.il

Cofix Group Ltd is a Israel based company. It operates and franchises coffee shops, supermarkets, and bars in Israel. It has more than hundred branches.

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