Canfor Pulp Products (TSX:CFX) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is Canfor Pulp Products Debt-to-Equity?

Canfor Pulp Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$107.8 Mil. Canfor Pulp Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.4 Mil. Canfor Pulp Products's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$337.1 Mil. Canfor Pulp Products's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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 Canfor Pulp Products's Debt-to-Equity or its related term are showing as below:

TSX:CFX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.11 Max: 0.32
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Canfor Pulp Products was 0.32. The lowest was 0.10. And the median was 0.11.

TSX:CFX's Debt-to-Equity is ranked better than
62.26% of 265 companies
in the Forest Products industry
Industry Median: 0.51 vs TSX:CFX: 0.32

Canfor Pulp Products Debt-to-Equity Historical Data

The historical data trend for Canfor Pulp Products'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.

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Canfor Pulp Products Debt-to-Equity Chart

Canfor Pulp Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.10

0.11

0.16

0.32

Canfor Pulp Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.15	0.15	0.24	0.32

Competitive Comparison of Canfor Pulp Products's Debt-to-Equity

For the Paper & Paper Products subindustry, Canfor Pulp Products'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.

Canfor Pulp Products's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Canfor Pulp Products's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Canfor Pulp Products's Debt-to-Equity falls into.

Canfor Pulp Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canfor Pulp Products'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
	=	(107.8	+	1.4)	/	337.1
	=	0.32

Canfor Pulp Products'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
	=	(107.8	+	1.4)	/	337.1
	=	0.32

Canfor Pulp Products (TSX: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.

Canfor Pulp Products Debt-to-Equity Related Terms

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Canfor Pulp Products (TSX:CFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Canfor Pulp Products Inc (TSX:CFX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CFPUF:USA 8CP:Germany

Address

100-1700 West 75th Avenue, Vancouver, BC, CAN, V6P 6G2

Website

https://www.canfor.com

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates Majority of the revenue. Canfor Pulp's NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Majority of Canfor Pulp's revenue comes from Asia. The majority of the company's shares are owned by Canfor Corporation.

Canfor Pulp Products (TSX:CFX) Headlines

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