Elica SpA (LTS:0EA2) Debt-to-Equity : 0.66 (As of Dec. 2023)

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What is Elica SpA Debt-to-Equity?

Elica SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €47.7 Mil. Elica SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €45.2 Mil. Elica SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €140.9 Mil. Elica SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.66.

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

LTS:0EA2' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 0.87 Max: 1.16
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Elica SpA was 1.16. The lowest was 0.66. And the median was 0.87.

LTS:0EA2's Debt-to-Equity is ranked worse than
72.89% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.325 vs LTS:0EA2: 0.66

Elica SpA Debt-to-Equity Historical Data

The historical data trend for Elica 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.

Elica SpA Debt-to-Equity Chart

Elica SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.85

1.16

1.15

0.84

0.66

Elica SpA 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	Get a 7-Day Free Trial															1.15	0.86	0.84	0.79	0.66

Competitive Comparison of Elica SpA's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Elica 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.

Elica SpA's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Elica SpA's Debt-to-Equity distribution charts can be found below:

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

Elica SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elica 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
	=	(47.707	+	45.18)	/	140.892
	=	0.66

Elica 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
	=	(47.707	+	45.18)	/	140.892
	=	0.66

Elica SpA (LTS:0EA2) 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.

Elica SpA Debt-to-Equity Related Terms

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

Elica SpA (LTS:0EA2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elica SpA (LTS:0EA2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ELC:Italy

Address

Via Ermanno Casoli No, 2, Fabriano, Ancona, ITA, 60044

Website

https://www.elica.com

Elica SpA is engaged in the design, manufacturing, and sale of kitchen range hoods for domestic use as well as design, manufacture, and sale of motors for central heating boilers. In addition, the company produces and sells hobs, ovens, and sterilizers. The company offers its products under the Elica, Gutmann, Turboair, Jetair, Ariafina, Arietta, Puti, and Fime brand names. Geographically the business activity functions through the region of Europe + CIS (Russia), America, and Asia, and the Rest of the World.

Elica SpA (LTS:0EA2) Headlines

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