Illimity Bank SpA (MIL:ILTY) Debt-to-Equity : 0.82 (As of Dec. 2023)

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What is Illimity Bank SpA Debt-to-Equity?

Illimity Bank SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.0 Mil. Illimity Bank SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €777.8 Mil. Illimity Bank SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €950.5 Mil. Illimity Bank SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.82.

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 Illimity Bank SpA's Debt-to-Equity or its related term are showing as below:

MIL:ILTY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.57 Max: 0.82
Current: 0.82

During the past 7 years, the highest Debt-to-Equity Ratio of Illimity Bank SpA was 0.82. The lowest was 0.16. And the median was 0.57.

MIL:ILTY's Debt-to-Equity is ranked worse than
56.28% of 1393 companies
in the Banks industry
Industry Median: 0.67 vs MIL:ILTY: 0.82

Illimity Bank SpA Debt-to-Equity Historical Data

The historical data trend for Illimity Bank SpA'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.

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Illimity Bank SpA Debt-to-Equity Chart

Illimity Bank SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.57

0.69

0.82

Illimity Bank SpA 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															0.82	0.77	0.97	0.81	0.82

Competitive Comparison of Illimity Bank SpA's Debt-to-Equity

For the Banks - Regional subindustry, Illimity Bank SpA'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.

Illimity Bank SpA's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Illimity Bank SpA's Debt-to-Equity distribution charts can be found below:

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

Illimity Bank SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Illimity Bank SpA'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
	=	(0	+	777.787)	/	950.491
	=	0.82

Illimity Bank SpA'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
	=	(0	+	777.787)	/	950.491
	=	0.82

Illimity Bank SpA (MIL:ILTY) 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.

Illimity Bank SpA Debt-to-Equity Related Terms

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

Illimity Bank SpA (MIL:ILTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Illimity Bank SpA (MIL:ILTY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0A3J:UK

Address

Via Soperga, 9, Milan, ITA, 20124

Website

https://www.illimity.com

Illimity Bank SpA operates as a bank specializing in credit for Italian small and medium-sized enterprises. The company offers credit to companies, purchase and servicing of non-performing loan portfolios and direct bank for private customers and families. Its segment includes Distressed Credit; Growth Credit; Investment Banking; b-ilty; SGR and Direct Banking. The company generates maximum revenue from Distressed Credit segment.

Illimity Bank SpA (MIL:ILTY) Headlines

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