Tenax International SpA (MIL:TNX) Debt-to-Equity : 1.04 (As of Dec. 2023)

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What is Tenax International SpA Debt-to-Equity?

Tenax International SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.05 Mil. Tenax International SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4.55 Mil. Tenax International SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €7.33 Mil. Tenax International SpA's debt to equity for the quarter that ended in Dec. 2023 was 1.04.

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

MIL:TNX' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.04 Med: 1.18 Max: 2.14
Current: 1.04

During the past 6 years, the highest Debt-to-Equity Ratio of Tenax International SpA was 2.14. The lowest was 1.04. And the median was 1.18.

MIL:TNX's Debt-to-Equity is ranked worse than
74.68% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs MIL:TNX: 1.04

Tenax International SpA Debt-to-Equity Historical Data

The historical data trend for Tenax International 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.

Tenax International SpA Debt-to-Equity Chart

Tenax International SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.14

1.14

1.22

1.05

1.04

Tenax International SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					1.22	1.24	1.05	1.05	1.04

Competitive Comparison of Tenax International SpA's Debt-to-Equity

For the Auto Manufacturers subindustry, Tenax International 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.

Tenax International SpA's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tenax International SpA's Debt-to-Equity distribution charts can be found below:

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

Tenax International SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tenax International 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
	=	(3.045	+	4.551)	/	7.33
	=	1.04

Tenax International 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
	=	(3.045	+	4.551)	/	7.33
	=	1.04

Tenax International SpA (MIL:TNX) 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.

Tenax International SpA Debt-to-Equity Related Terms

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Tenax International SpA (MIL:TNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tenax International SpA (MIL:TNX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Balduina 3, Rio Saliceto, ITA, 42010

Website

https://www.tenaxinternational.com

Tenax International SpA is engaged in designing and production of low-voltage electric road sweepers and street washers in Italy. The company also offers pre-owned street washers and road sweepers.

Tenax International SpA (MIL:TNX) Headlines

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