Wool Industry Tria Alfa (ATH:AAAK) Debt-to-Equity : 4.28 (As of Jun. 2023)

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What is Wool Industry Tria Alfa Debt-to-Equity?

Wool Industry Tria Alfa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €2.03 Mil. Wool Industry Tria Alfa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.00 Mil. Wool Industry Tria Alfa's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €0.47 Mil. Wool Industry Tria Alfa's debt to equity for the quarter that ended in Jun. 2023 was 4.28.

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 Wool Industry Tria Alfa's Debt-to-Equity or its related term are showing as below:

ATH:AAAK' s Debt-to-Equity Range Over the Past 10 Years
Min: -179.2 Med: 2.51 Max: 16.32
Current: 4.28

During the past 12 years, the highest Debt-to-Equity Ratio of Wool Industry Tria Alfa was 16.32. The lowest was -179.20. And the median was 2.51.

ATH:AAAK's Debt-to-Equity is ranked worse than
96.9% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs ATH:AAAK: 4.28

Wool Industry Tria Alfa Debt-to-Equity Historical Data

The historical data trend for Wool Industry Tria Alfa'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.

Wool Industry Tria Alfa Debt-to-Equity Chart

Wool Industry Tria Alfa Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-41.67

15.81

16.32

7.90

5.00

Wool Industry Tria Alfa Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															14.79	7.90	6.93	5.00	4.28

Competitive Comparison of Wool Industry Tria Alfa's Debt-to-Equity

For the Textile Manufacturing subindustry, Wool Industry Tria Alfa'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.

Wool Industry Tria Alfa's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wool Industry Tria Alfa's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wool Industry Tria Alfa's Debt-to-Equity falls into.

Wool Industry Tria Alfa Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wool Industry Tria Alfa'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
	=	(1.908	+	0)	/	0.382
	=	4.99

Wool Industry Tria Alfa'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
	=	(2.028	+	0)	/	0.474
	=	4.28

Wool Industry Tria Alfa (ATH:AAAK) 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.

Wool Industry Tria Alfa Debt-to-Equity Related Terms

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Wool Industry Tria Alfa (ATH:AAAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wool Industry Tria Alfa SA (ATH:AAAK) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Alekou Panagouli 64, Nea Ionia, Attica, GRC, 14234

Website

http://www.triaalfa.gr

Wool Industry Tria Alfa SA dyes, recombs, spins, weaves and finishes textiles and fibers from wool and wool/polyester blends. The company produces and trades cashmere, wool and synthetic and artificial fiber textiles. It offers men's clothing such as Sage wholly, Suit all over, Full-leaf cherry blossom, flesh, terrible / wafer 55/45, Traditional contest, Overall jacket, Cashew whole or mixed tertiary / wafer 55/45, Ginseng polyester-viscose 65/35 and Teriene flax 55/45.

Wool Industry Tria Alfa (ATH:AAAK) Headlines

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