East African Cables (NAI:CABL) Debt-to-Equity : 6.08 (As of Dec. 2023)

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What is East African Cables Debt-to-Equity?

East African Cables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was KES2,092 Mil. East African Cables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was KES1,189 Mil. East African Cables's Total Stockholders Equity for the quarter that ended in Dec. 2023 was KES540 Mil. East African Cables's debt to equity for the quarter that ended in Dec. 2023 was 6.08.

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 East African Cables's Debt-to-Equity or its related term are showing as below:

NAI:CABL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.1 Med: 2.44 Max: 6.08
Current: 6.08

During the past 13 years, the highest Debt-to-Equity Ratio of East African Cables was 6.08. The lowest was 1.10. And the median was 2.44.

NAI:CABL's Debt-to-Equity is ranked worse than
98.94% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs NAI:CABL: 6.08

East African Cables Debt-to-Equity Historical Data

The historical data trend for East African Cables'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.

East African Cables Debt-to-Equity Chart

East African Cables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.50

2.17

2.72

4.06

6.08

East African Cables Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.72	-	4.06	-	6.08

Competitive Comparison of East African Cables's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, East African Cables'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.

East African Cables's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, East African Cables's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where East African Cables's Debt-to-Equity falls into.

East African Cables Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

East African Cables'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
	=	(2091.902	+	1188.513)	/	539.83
	=	6.08

East African Cables'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
	=	(2091.902	+	1188.513)	/	539.83
	=	6.08

East African Cables (NAI:CABL) 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.

East African Cables Debt-to-Equity Related Terms

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East African Cables (NAI:CABL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » East African Cables Ltd (NAI:CABL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Addis Ababa Road, Industrial Area, P.O. Box 18243, Nairobi, KEN, 00500

Website

http://www.eacables.com

East African Cables Ltd manufactures a range of cables for applications in domestic and industrial lighting, transmission, and distribution of electricity. It also offers data, telecommunication, and fiber optic solutions with requisite accessories. The company's geographical segments include Kenya and Uganda and Tanzania. It generates maximum revenue from Kenya and Uganda region. The company's product portfolio includes Utility Cables; House Wiring Cables; Armoured and Non-Armoured Cables; Automotive Cables; Telecommunication Cables; and others.

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