Conduit Capital (JSE:CND) Debt-to-Equity : -1.10 (As of Dec. 2021)

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What is Conduit Capital Debt-to-Equity?

Conduit Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was R18.7 Mil. Conduit Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was R45.6 Mil. Conduit Capital's Total Stockholders Equity for the quarter that ended in Dec. 2021 was R-58.5 Mil. Conduit Capital's debt to equity for the quarter that ended in Dec. 2021 was -1.10.

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 Conduit Capital's Debt-to-Equity or its related term are showing as below:

JSE:CND's Debt-to-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 0.245
* Ranked among companies with meaningful Debt-to-Equity only.

Conduit Capital Debt-to-Equity Historical Data

The historical data trend for Conduit Capital'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.

Conduit Capital Debt-to-Equity Chart

Conduit Capital Annual Data

Trend

Aug12

Aug13

Aug14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Debt-to-Equity

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0.09

0.40

3.82

Conduit Capital Semi-Annual Data
	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.40	0.62	3.82	-1.10

Competitive Comparison of Conduit Capital's Debt-to-Equity

For the Insurance - Diversified subindustry, Conduit Capital'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.

Conduit Capital's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Conduit Capital's Debt-to-Equity distribution charts can be found below:

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

Conduit Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Conduit Capital's Debt to Equity Ratio for the fiscal year that ended in Jun. 2021 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
	=	(19.89	+	49.073)	/	18.044
	=	3.82

Conduit Capital's Debt to Equity Ratio for the quarter that ended in Dec. 2021 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
	=	(18.719	+	45.603)	/	-58.546
	=	-1.10

Conduit Capital (JSE:CND) 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.

Conduit Capital Debt-to-Equity Related Terms

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

Conduit Capital (JSE:CND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conduit Capital Ltd (JSE:CND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Bruton Road, Building B, Nicol Main Office Park, Bryanston, Sandton, ZAF, 2191

Website

http://www.conduitcapital.co.za

Conduit Capital Ltd is a South Africa-based investment holding company. The company, through its subsidiaries and associates, carries on business in the financial services industry with a focus on insurance. It serves in two segments: Insurance and Risk, and Investment . The Insurance and Risk division includes the company's insurance interests. The company writes both short-term and long-term insurance business. The long-term business consists mainly of funeral cover, comprising both individual business and group schemes. Several lines of short-term business are written, providing cover to individuals and ensuring business risks. The main short-term lines of business include Guarantee, Liability, and Motor.