Tecnicas Reunidas (XMAD:TRE) Debt-to-Equity : 2.89 (As of Dec. 2023)

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What is Tecnicas Reunidas Debt-to-Equity?

Tecnicas Reunidas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €325 Mil. Tecnicas Reunidas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €582 Mil. Tecnicas Reunidas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €314 Mil. Tecnicas Reunidas's debt to equity for the quarter that ended in Dec. 2023 was 2.89.

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

XMAD:TRE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 1.69 Max: 14.55
Current: 2.89

During the past 13 years, the highest Debt-to-Equity Ratio of Tecnicas Reunidas was 14.55. The lowest was 0.06. And the median was 1.69.

XMAD:TRE's Debt-to-Equity is ranked worse than
95.09% of 1506 companies
in the Construction industry
Industry Median: 0.435 vs XMAD:TRE: 2.89

Tecnicas Reunidas Debt-to-Equity Historical Data

The historical data trend for Tecnicas Reunidas'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.

Tecnicas Reunidas Debt-to-Equity Chart

Tecnicas Reunidas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.97

2.78

8.25

14.55

2.89

Tecnicas Reunidas 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															14.55	10.16	3.81	3.30	2.89

Competitive Comparison of Tecnicas Reunidas's Debt-to-Equity

For the Engineering & Construction subindustry, Tecnicas Reunidas'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.

Tecnicas Reunidas's Debt-to-Equity Distribution in the Construction Industry

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

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

Tecnicas Reunidas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tecnicas Reunidas'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
	=	(325.038	+	581.504)	/	313.664
	=	2.89

Tecnicas Reunidas'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
	=	(325.038	+	581.504)	/	313.664
	=	2.89

Tecnicas Reunidas (XMAD:TRE) 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.

Tecnicas Reunidas Debt-to-Equity Related Terms

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Tecnicas Reunidas (XMAD:TRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tecnicas Reunidas SA (XMAD:TRE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0MKT:UK T5R:Germany TRE:Austria

Address

Arapiles Street, 14, Madrid, ESP, 28015

Website

http://www.tecnicasreunidas.es

Tecnicas Reunidas SA is a general contracting company. It engages in engineering, design and construction of industrial facilities for international customers including principal national oil companies and multinational companies. The firm's majority of business is focused on large turnkey industrial projects and it also offers engineering, management, start-up and operating services for industrial plants. Its business areas are oil and gas, power, infrastructures and industries. The company mainly operates in Spain, Middle East, Latin America, Asia and the Mediterranean region.

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