Believe (XPAR:BLV) Debt-to-Equity : 0.09 (As of Jun. 2023)

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What is Believe Debt-to-Equity?

Believe's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €13.9 Mil. Believe's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €21.3 Mil. Believe's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €375.1 Mil. Believe's debt to equity for the quarter that ended in Jun. 2023 was 0.09.

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

XPAR:BLV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.09 Max: 1.71
Current: 0.09

During the past 7 years, the highest Debt-to-Equity Ratio of Believe was 1.71. The lowest was 0.08. And the median was 0.09.

XPAR:BLV's Debt-to-Equity is ranked better than
73.49% of 845 companies
in the Media - Diversified industry
Industry Median: 0.29 vs XPAR:BLV: 0.09

Believe Debt-to-Equity Historical Data

The historical data trend for Believe'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.

Believe Debt-to-Equity Chart

Believe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.38

0.88

0.08

0.09

N/A

Believe Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.08	0.09	0.09	0.09	N/A

Competitive Comparison of Believe's Debt-to-Equity

For the Entertainment subindustry, Believe'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.

Believe's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Believe's Debt-to-Equity distribution charts can be found below:

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

Believe Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Believe'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
	=	(12.252	+	19.663)	/	375.911
	=	0.08

Believe'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
	=	(13.87	+	21.339)	/	375.126
	=	0.09

Believe (XPAR:BLV) 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.

Believe Debt-to-Equity Related Terms

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

Believe (XPAR:BLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Believe SA (XPAR:BLV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8T6:Germany

Address

24 rue Toulouse Lautrec, Paris, FRA, 75017

Website

https://www.believemusic.com

Believe SA specializes in the sale and promotion of audio and video content from artists and independent labels. The Company has identified two operating segments which is Premium Solutions and Automated Solutions. Premium solutions this consists mainly of the sale, promotion and delivery of digital content provided by artists and labels for which the Group is responsible for developing their catalog on digital platforms and social media, as appropriate, using a split revenue model. Automated Solutions whereby the Group enablesartists, via its TuneCore digital platform, to distribute their audio content in an automated manner to streaming and social media platforms in return for a subscription fee or margin. The company generated majority of its revenue from Premium Solutions.

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