Sicily By Car SpA (MIL:SBC) Debt-to-Equity : 0.56 (As of Dec. 2023)

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What is Sicily By Car SpA Debt-to-Equity?

Sicily By Car SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €51.5 Mil. Sicily By Car SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €32.0 Mil. Sicily By Car SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €150.2 Mil. Sicily By Car SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.56.

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

MIL:SBC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.6 Max: 0.65
Current: 0.56

During the past 3 years, the highest Debt-to-Equity Ratio of Sicily By Car SpA was 0.65. The lowest was 0.56. And the median was 0.60.

MIL:SBC's Debt-to-Equity is ranked worse than
58.43% of 919 companies
in the Business Services industry
Industry Median: 0.37 vs MIL:SBC: 0.56

Sicily By Car SpA Debt-to-Equity Historical Data

The historical data trend for Sicily By Car 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.

Sicily By Car SpA Debt-to-Equity Chart

Sicily By Car SpA Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.65

0.56

Sicily By Car SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	-	N/A	0.65	-	0.56

Competitive Comparison of Sicily By Car SpA's Debt-to-Equity

For the Rental & Leasing Services subindustry, Sicily By Car 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.

Sicily By Car SpA's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sicily By Car SpA's Debt-to-Equity distribution charts can be found below:

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

Sicily By Car SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sicily By Car 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
	=	(51.545	+	31.982)	/	150.208
	=	0.56

Sicily By Car 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
	=	(51.545	+	31.982)	/	150.208
	=	0.56

Sicily By Car SpA (MIL:SBC) 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.

Sicily By Car SpA Debt-to-Equity Related Terms

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Sicily By Car SpA (MIL:SBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sicily By Car SpA (MIL:SBC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5LC:Germany

Address

Via Galileo Galilei, 10H, Bolzano, ITA, 39100

Website

https://www.sicilybycar.it

Sicily By Car SpA operates in the Italian short-term rental market with 55 rental offices directly located at the main Italian airports and cities. The company allows to choose among: Private hire (cheap, compact, medium, standard, convertible, estate and 9-seater cars), Commercial vehicles, Electric car rentals, Boat rental.

Sicily By Car SpA (MIL:SBC) Headlines

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