Elecnor (XMAD:ENO) Debt-to-Equity : 0.74 (As of Dec. 2023)

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What is Elecnor Debt-to-Equity?

Elecnor's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €290 Mil. Elecnor's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €379 Mil. Elecnor's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €906 Mil. Elecnor's debt to equity for the quarter that ended in Dec. 2023 was 0.74.

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

XMAD:ENO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 1.67 Max: 3.35
Current: 0.74

During the past 13 years, the highest Debt-to-Equity Ratio of Elecnor was 3.35. The lowest was 0.74. And the median was 1.67.

XMAD:ENO's Debt-to-Equity is ranked worse than
66.38% of 1505 companies
in the Construction industry
Industry Median: 0.43 vs XMAD:ENO: 0.74

Elecnor Debt-to-Equity Historical Data

The historical data trend for Elecnor'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.

Elecnor Debt-to-Equity Chart

Elecnor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.21

1.69

1.66

1.29

0.74

Elecnor Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.66	1.50	1.29	1.37	0.74

Competitive Comparison of Elecnor's Debt-to-Equity

For the Infrastructure Operations subindustry, Elecnor'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.

Elecnor's Debt-to-Equity Distribution in the Construction Industry

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

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

Elecnor Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elecnor'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
	=	(289.634	+	378.802)	/	906.452
	=	0.74

Elecnor'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
	=	(289.634	+	378.802)	/	906.452
	=	0.74

Elecnor (XMAD:ENO) 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.

Elecnor Debt-to-Equity Related Terms

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

Elecnor (XMAD:ENO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Elecnor SA (XMAD:ENO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EK5:Germany

Address

Paseo de la Castellana, 81, 20th Floor, Madrid, ESP, 28046

Website

https://www.elecnor.com

Elecnor SA is a Spanish engineering and construction company. The company organizes itself into two segments: Services and Projects business, and Concessions business. It generates the vast majority of revenue from the Services and Projects business segment. It generates electricity, operates power lines and substations, provides gas pipeline services, provides services for railways, develops telecommunications infrastructure, and constructs and maintains other infrastructure projects. The company derives approximately half of its revenue domestically.

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