Somec SpA (MIL:SOM) Debt-to-Equity : 3.91 (As of Jun. 2023)

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What is Somec SpA Debt-to-Equity?

Somec SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €29.9 Mil. Somec SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €86.3 Mil. Somec SpA's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €29.7 Mil. Somec SpA's debt to equity for the quarter that ended in Jun. 2023 was 3.91.

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

MIL:SOM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 2.04 Max: 4.03
Current: 3.91

During the past 6 years, the highest Debt-to-Equity Ratio of Somec SpA was 4.03. The lowest was 0.77. And the median was 2.04.

MIL:SOM's Debt-to-Equity is ranked worse than
96.55% of 1507 companies
in the Construction industry
Industry Median: 0.43 vs MIL:SOM: 3.91

Somec SpA Debt-to-Equity Historical Data

The historical data trend for Somec 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.

* Premium members only.

Somec SpA Debt-to-Equity Chart

Somec SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.77

1.66

2.12

1.68

3.47

Somec SpA Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial								1.96	1.68	3.47	3.47	3.91

Competitive Comparison of Somec SpA's Debt-to-Equity

For the Building Products & Equipment subindustry, Somec 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.

Somec SpA's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Somec SpA's Debt-to-Equity distribution charts can be found below:

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

Somec SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Somec SpA'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
	=	(26.889	+	83.991)	/	31.993
	=	3.47

Somec SpA'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
	=	(29.879	+	86.256)	/	29.676
	=	3.91

Somec SpA (MIL:SOM) 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.

Somec SpA Debt-to-Equity Related Terms

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

Somec SpA (MIL:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Somec SpA (MIL:SOM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Palu, 30, San Vendemiano, Treviso, ITA, 31020

Website

http://www.somecgroup.com

Somec SpA designs and manufactures glass envelopes for cruise ships and special architectural projects. Its products include balcony sliding doors, public area doors, handrails, windscreens, and balcony dividers.

Somec SpA (MIL:SOM) Headlines

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