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Athens International Airport (ATH:AIA) Debt-to-Equity : 1.37 (As of Sep. 2023)


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What is Athens International Airport Debt-to-Equity?

Athens International Airport's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €55.70 Mil. Athens International Airport's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €903.32 Mil. Athens International Airport's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €701.53 Mil. Athens International Airport's debt to equity for the quarter that ended in Sep. 2023 was 1.37.

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

ATH:AIA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82   Med: 0.98   Max: 1.37
Current: 1.37

During the past 4 years, the highest Debt-to-Equity Ratio of Athens International Airport was 1.37. The lowest was 0.82. And the median was 0.98.

ATH:AIA's Debt-to-Equity is ranked worse than
85.04% of 1511 companies
in the Construction industry
Industry Median: 0.44 vs ATH:AIA: 1.37

Athens International Airport Debt-to-Equity Historical Data

The historical data trend for Athens International Airport'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.

Athens International Airport Debt-to-Equity Chart

Athens International Airport Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
0.89 1.11 0.82 0.98

Athens International Airport Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Sep23
Debt-to-Equity Get a 7-Day Free Trial 1.11 0.82 N/A 0.98 1.37

Competitive Comparison of Athens International Airport's Debt-to-Equity

For the Infrastructure Operations subindustry, Athens International Airport'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.

Athens International Airport's Debt-to-Equity Distribution in the Construction Industry

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

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


Athens International Airport Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Athens International Airport'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
=(53.759 + 889.428) / 967.866
=0.97

Athens International Airport's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(55.696 + 903.317) / 701.527
=1.37

* 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.

Athens International Airport  (ATH:AIA) 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.

Athens International Airport Debt-to-Equity Related Terms

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Athens International Airport (ATH:AIA) Business Description

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Athens International Airport SA is a company active in the financing, construction and operation of civil airports and related activities. As a civil airport operator, the Company manages the AIA at Spata, Greece.