Palingeo SpA (MIL:PAL) Debt-to-Equity : 0.74 (As of Jun. 2023)

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What is Palingeo SpA Debt-to-Equity?

Palingeo SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €10.22 Mil. Palingeo SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €4.11 Mil. Palingeo SpA's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €19.42 Mil. Palingeo SpA's debt to equity for the quarter that ended in Jun. 2023 was 0.74.

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

MIL:PAL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.7 Max: 0.74
Current: 0.74

During the past 2 years, the highest Debt-to-Equity Ratio of Palingeo SpA was 0.74. The lowest was 0.61. And the median was 0.70.

MIL:PAL's Debt-to-Equity is ranked worse than
66.27% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs MIL:PAL: 0.74

Palingeo SpA Debt-to-Equity Historical Data

The historical data trend for Palingeo 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.

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Palingeo SpA Debt-to-Equity Chart

Palingeo SpA Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.70

0.61

Palingeo SpA Quarterly Data
	Dec21	Dec22	Jun23
Debt-to-Equity	0.70	0.61	0.74

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

For the Engineering & Construction subindustry, Palingeo 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.

Palingeo SpA's Debt-to-Equity Distribution in the Construction Industry

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

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

Palingeo SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Palingeo 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
	=	(6.408	+	4.298)	/	17.505
	=	0.61

Palingeo 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
	=	(10.221	+	4.112)	/	19.423
	=	0.74

Palingeo SpA (MIL:PAL) 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.

Palingeo SpA Debt-to-Equity Related Terms

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

Palingeo SpA (MIL:PAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Palingeo SpA (MIL:PAL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Palingeo SpA is an engineering and construction company. Its projects includes construction or modernization of railway lines, motorway networks, bridges, tunnels, roads, schools, hospitals, hydraulic system projects, wind farms or solar plants, collection and regulation of water/hydroelectric plants, etc.

Palingeo SpA (MIL:PAL) Headlines

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