Comer Industries SpA (FRA:X5Q) Debt-to-Equity : 0.19 (As of Dec. 2023)

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What is Comer Industries SpA Debt-to-Equity?

Comer Industries SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €34 Mil. Comer Industries SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €65 Mil. Comer Industries SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €508 Mil. Comer Industries SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.19.

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 Comer Industries SpA's Debt-to-Equity or its related term are showing as below:

FRA:X5Q' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.37 Max: 0.74
Current: 0.19

During the past 9 years, the highest Debt-to-Equity Ratio of Comer Industries SpA was 0.74. The lowest was 0.08. And the median was 0.37.

FRA:X5Q's Debt-to-Equity is ranked better than
72.97% of 185 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.41 vs FRA:X5Q: 0.19

Comer Industries SpA Debt-to-Equity Historical Data

The historical data trend for Comer Industries SpA'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.

Comer Industries SpA Debt-to-Equity Chart

Comer Industries SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.08

0.60

0.55

0.19

Comer Industries SpA Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.60	0.55	0.55	0.53	0.19

Competitive Comparison of Comer Industries SpA's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Comer Industries SpA'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.

Comer Industries SpA's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Comer Industries SpA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Comer Industries SpA's Debt-to-Equity falls into.

Comer Industries SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Comer Industries SpA'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
	=	(34.028	+	64.557)	/	507.594
	=	0.19

Comer Industries SpA'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
	=	(34.028	+	64.557)	/	507.594
	=	0.19

Comer Industries SpA (FRA:X5Q) 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.

Comer Industries SpA Debt-to-Equity Related Terms

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

Comer Industries SpA (FRA:X5Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Comer Industries SpA (FRA:X5Q) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

COM:Italy

Address

Via Magellano, 27, Reggiolo, ITA, 42046

Website

https://www.comerindustries.com

Comer Industries SpA is engaged in the design and production of advanced engineering systems and mechatronic solutions for power transmission. It operates in the sectors of agricultural machinery, construction equipment and forestry, energy and industry. The products offered by the group include Gearboxes, Driveshafts, Powertrain, Planetary drives and Wheel drives.

Comer Industries SpA (FRA:X5Q) Headlines

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