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Minerva Knitwear (ATH:MIN) Debt-to-Equity : 4.24 (As of Jun. 2023)


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What is Minerva Knitwear Debt-to-Equity?

Minerva Knitwear's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €13.28 Mil. Minerva Knitwear's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €3.98 Mil. Minerva Knitwear's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €4.07 Mil. Minerva Knitwear's debt to equity for the quarter that ended in Jun. 2023 was 4.24.

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

ATH:MIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.12   Med: 4.63   Max: 6.08
Current: 4.24

During the past 7 years, the highest Debt-to-Equity Ratio of Minerva Knitwear was 6.08. The lowest was 3.12. And the median was 4.63.

ATH:MIN's Debt-to-Equity is ranked worse than
96.79% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs ATH:MIN: 4.24

Minerva Knitwear Debt-to-Equity Historical Data

The historical data trend for Minerva Knitwear'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.

Minerva Knitwear Debt-to-Equity Chart

Minerva Knitwear Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial 3.80 4.89 6.08 4.63 4.09

Minerva Knitwear Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.17 4.63 4.80 4.09 4.24

Competitive Comparison of Minerva Knitwear's Debt-to-Equity

For the Textile Manufacturing subindustry, Minerva Knitwear'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.

Minerva Knitwear's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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


Minerva Knitwear Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minerva Knitwear'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
=(13.519 + 3.98) / 4.277
=4.09

Minerva Knitwear'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
=(13.284 + 3.98) / 4.071
=4.24

* 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.

Minerva Knitwear  (ATH:MIN) 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.

Minerva Knitwear Debt-to-Equity Related Terms

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

Minerva Knitwear (ATH:MIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Minerva Knitwear SA (ATH:MIN) » Definitions » Debt-to-Equity
Comparable Companies
ATH:LANAC ATH:AAAK HKSE:02313 SHSE:600346 SZSE:000301 IST:SASA TSE:3402 TPE:1402 SHSE:601233 BOM:532889 SHSE:600295 AIN SZSE:000158 BOM:521064 TPE:2915 BOM:514162 BOM:500330 SHSE:603055 SHSE:603306 SHSE:600370
Traded in Other Exchanges
N/A
Address
6th klm Thessaloniki - Oraiokastro, Thessaloniki, GRC, 564 29
Website
http://www.minerva.gr
Minerva Knitwear SA is engaged in manufacturing, processing and trading of woollen and cotton products, and other textile raw materials. The company's products include men's, women's and children's underwear, men's, women's and children's sleep body-suits-pyjamas, Home-wear clothes for the winter and beachwear for the summer, blouses, T-Shirts, and women's Lingerie.