Magnit PJSC (MIC:MGNT) Debt-to-Equity : 3.64 (As of Jun. 2023)

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What is Magnit PJSC Debt-to-Equity?

Magnit PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽195,137 Mil. Magnit PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽680,046 Mil. Magnit PJSC's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ₽240,397 Mil. Magnit PJSC's debt to equity for the quarter that ended in Jun. 2023 was 3.64.

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 Magnit PJSC's Debt-to-Equity or its related term are showing as below:

MIC:MGNT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 1.84 Max: 4.18
Current: 3.64

During the past 13 years, the highest Debt-to-Equity Ratio of Magnit PJSC was 4.18. The lowest was 0.44. And the median was 1.84.

MIC:MGNT's Debt-to-Equity is ranked worse than
93.55% of 279 companies
in the Retail - Defensive industry
Industry Median: 0.62 vs MIC:MGNT: 3.64

Magnit PJSC Debt-to-Equity Historical Data

The historical data trend for Magnit PJSC'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.

Magnit PJSC Debt-to-Equity Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

2.29

2.87

2.86

4.06

4.18

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															3.46	4.06	3.54	4.18	3.64

Competitive Comparison of Magnit PJSC's Debt-to-Equity

For the Discount Stores subindustry, Magnit PJSC'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.

Magnit PJSC's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Debt-to-Equity distribution charts can be found below:

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

Magnit PJSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magnit PJSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(208305.097	+	658798.903)	/	207382.304
	=	4.18

Magnit PJSC's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(195137.164	+	680045.907)	/	240397.403
	=	3.64

Magnit PJSC (MIC:MGNT) 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.

Magnit PJSC Debt-to-Equity Related Terms

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Magnit PJSC (MIC:MGNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (MIC:MGNT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.