Chemtrade Logisticsome Fund (Chemtrade Logisticsome Fund) Debt-to-Equity : 1.22 (As of Dec. 2023)

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What is Chemtrade Logisticsome Fund Debt-to-Equity?

Chemtrade Logisticsome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $37 Mil. Chemtrade Logisticsome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $607 Mil. Chemtrade Logisticsome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $527 Mil. Chemtrade Logisticsome Fund's debt to equity for the quarter that ended in Dec. 2023 was 1.22.

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 Chemtrade Logisticsome Fund's Debt-to-Equity or its related term are showing as below:

CGIFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.94 Med: 1.24 Max: 3.14
Current: 1.22

During the past 13 years, the highest Debt-to-Equity Ratio of Chemtrade Logisticsome Fund was 3.14. The lowest was 0.94. And the median was 1.24.

CGIFF's Debt-to-Equity is ranked worse than
88.78% of 1399 companies
in the Chemicals industry
Industry Median: 0.35 vs CGIFF: 1.22

Chemtrade Logisticsome Fund Debt-to-Equity Historical Data

The historical data trend for Chemtrade Logisticsome Fund'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.

Chemtrade Logisticsome Fund Debt-to-Equity Chart

Chemtrade Logisticsome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.02

2.29

3.14

1.84

1.22

Chemtrade Logisticsome Fund 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															1.84	1.80	1.46	1.27	1.22

Competitive Comparison of Chemtrade Logisticsome Fund's Debt-to-Equity

For the Chemicals subindustry, Chemtrade Logisticsome Fund'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.

Chemtrade Logisticsome Fund's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chemtrade Logisticsome Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chemtrade Logisticsome Fund's Debt-to-Equity falls into.

Chemtrade Logisticsome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chemtrade Logisticsome Fund'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
	=	(36.75	+	607.219)	/	527.088
	=	1.22

Chemtrade Logisticsome Fund'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
	=	(36.75	+	607.219)	/	527.088
	=	1.22

Chemtrade Logisticsome Fund (OTCPK:CGIFF) 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.

Chemtrade Logisticsome Fund Debt-to-Equity Related Terms

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Chemtrade Logisticsome Fund (Chemtrade Logisticsome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chemtrade Logistics Income Fund (OTCPK:CGIFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHE.UN:Canada

Address

155 Gordon Baker Road, Suite 300, Toronto, ON, CAN, M2H 3N5

Website

https://www.chemtradelogistics.com

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company is organized into four main operating segments: Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), Electrochemicals, and Corporate. SPPC markets, remove, and produces merchant, regenerated, and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services. WSSC manufactures and markets inorganic coagulants used in water treatment, which includes aluminium sulphate, aluminium chlorodryhate, polyaluminium chloride, sodium nitrate, potassium chloride, and other specialty chemicals. Its geographical segments are Canada, the United States, and South America.