Heidelberg Materials AG (XTER:HEI) Debt-to-Equity

: 0.48 (As of Dec. 2023)

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Heidelberg Materials AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,910 Mil. Heidelberg Materials AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €6,330 Mil. Heidelberg Materials AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €17,241 Mil. Heidelberg Materials AG's debt to equity for the quarter that ended in Dec. 2023 was 0.48.

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 Heidelberg Materials AG's Debt-to-Equity or its related term are showing as below:

XTER:HEI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.62 Max: 0.73
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of Heidelberg Materials AG was 0.73. The lowest was 0.41. And the median was 0.62.

XTER:HEI's Debt-to-Equity is ranked worse than
56.66% of 353 companies
in the Building Materials industry
Industry Median: 0.39 vs XTER:HEI: 0.48

Heidelberg Materials AG Debt-to-Equity Historical Data

The historical data trend for Heidelberg Materials AG'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.

Heidelberg Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.70

0.73

0.52

0.41

0.48

Heidelberg Materials AG 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																0.52	0.53	0.41	0.49	0.48

Competitive Comparison

For the Building Materials subindustry, Heidelberg Materials AG'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.

Heidelberg Materials AG Debt-to-Equity Distribution

For the Building Materials industry and Basic Materials sector, Heidelberg Materials AG's Debt-to-Equity distribution charts can be found below:

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

Heidelberg Materials AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Heidelberg Materials AG'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
	=	(1910.3	+	6330)	/	17241.3
	=	0.48

Heidelberg Materials AG'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
	=	(1910.3	+	6330)	/	17241.3
	=	0.48

Heidelberg Materials AG (XTER:HEI) 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.

Heidelberg Materials AG Debt-to-Equity Related Terms

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Heidelberg Materials AG (XTER:HEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Heidelberg Materials AG (XTER:HEI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HLBZF:USA HDELY:USA HEI:Italy HEId:UK 0MG2:UK HEIU:Germany HEI:Germany HEI:Germany HEIU:Germany HEI:Germany

Address

Berliner Strasse 6, Heidelberg, BW, DEU, 69120

Website

https://www.heidelbergmaterials.com/en

Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. Heidelberg Materials is listed in Germany and has 55,000 employees.

Executives

Ludwig Merckle	Supervisory Board
René Aldach	Board of Directors
Dennis Lentz	Board of Directors
Ernest Jelito	Board of Directors
Christopher Ward	Board of Directors
Kevin Gluskie	Board of Directors
Dr. Dominik Von Achten	Board of Directors