Fenix Entertainment SpA (MIL:FNX) Debt-to-Equity : 3.26 (As of Jun. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Fenix Entertainment SpA Debt-to-Equity?

Fenix Entertainment SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €10.33 Mil. Fenix Entertainment SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €5.16 Mil. Fenix Entertainment SpA's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €4.75 Mil. Fenix Entertainment SpA's debt to equity for the quarter that ended in Jun. 2023 was 3.26.

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

MIL:FNX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 1.05 Max: 3.26
Current: 3.26

During the past 5 years, the highest Debt-to-Equity Ratio of Fenix Entertainment SpA was 3.26. The lowest was 0.63. And the median was 1.05.

MIL:FNX's Debt-to-Equity is ranked worse than
93.85% of 846 companies
in the Media - Diversified industry
Industry Median: 0.29 vs MIL:FNX: 3.26

Fenix Entertainment SpA Debt-to-Equity Historical Data

The historical data trend for Fenix Entertainment 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.

Fenix Entertainment SpA Debt-to-Equity Chart

Fenix Entertainment SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

2.53

0.74

0.95

2.36

Fenix Entertainment SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial				0.63	0.95	1.05	2.36	3.26

Competitive Comparison of Fenix Entertainment SpA's Debt-to-Equity

For the Entertainment subindustry, Fenix Entertainment 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.

Fenix Entertainment SpA's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Fenix Entertainment SpA's Debt-to-Equity distribution charts can be found below:

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

Fenix Entertainment SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fenix Entertainment SpA'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
	=	(8.601	+	6.38)	/	6.342
	=	2.36

Fenix Entertainment SpA'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
	=	(10.326	+	5.163)	/	4.75
	=	3.26

Fenix Entertainment SpA (MIL:FNX) 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.

Fenix Entertainment SpA Debt-to-Equity Related Terms

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

Fenix Entertainment SpA (MIL:FNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fenix Entertainment SpA (MIL:FNX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sede legale Viale Giuseppe Mazzini, Rome, ITA, 134 - 00195

Website

https://www.fenixent.com

Fenix Entertainment SpA is engaged in exploitation of the distribution rights of the films acquired; production and co-production of films and soundtracks for the Italian market and distribution of the same; production and co-production of sound recordings, and their distribution; search for talented people in the film and sound sector with sponsorship e-participation in national and international events and marketing and communication.