Grupo ElektraB de CV (XMAD:XEKT) Debt-to-Equity : 0.56 (As of Dec. 2023)

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What is Grupo ElektraB de CV Debt-to-Equity?

Grupo ElektraB de CV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €429 Mil. Grupo ElektraB de CV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,309 Mil. Grupo ElektraB de CV's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €4,919 Mil. Grupo ElektraB de CV'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 Grupo ElektraB de CV's Debt-to-Equity or its related term are showing as below:

XMAD:XEKT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.36 Max: 0.6
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Grupo ElektraB de CV was 0.60. The lowest was 0.21. And the median was 0.36.

XMAD:XEKT's Debt-to-Equity is ranked worse than
81.46% of 302 companies
in the Diversified Financial Services industry
Industry Median: 0.115 vs XMAD:XEKT: 0.56

Grupo ElektraB de CV Debt-to-Equity Historical Data

The historical data trend for Grupo ElektraB de CV'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.

Grupo ElektraB de CV Debt-to-Equity Chart

Grupo ElektraB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.36

0.39

0.43

0.60

0.56

Grupo ElektraB de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.59	0.57	3.21	0.56	N/A

Competitive Comparison of Grupo ElektraB de CV's Debt-to-Equity

For the Financial Conglomerates subindustry, Grupo ElektraB de CV'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.

Grupo ElektraB de CV's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Grupo ElektraB de CV's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grupo ElektraB de CV's Debt-to-Equity falls into.

Grupo ElektraB de CV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grupo ElektraB de CV'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
	=	(428.857	+	2309.283)	/	4918.805
	=	0.56

Grupo ElektraB de CV'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
	=	(428.857	+	2309.283)	/	4918.805
	=	0.56

Grupo ElektraB de CV (XMAD:XEKT) 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.

Grupo ElektraB de CV Debt-to-Equity Related Terms

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Grupo ElektraB de CV (XMAD:XEKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Grupo Elektra SAB de CV (XMAD:XEKT) » Definitions » Debt-to-Equity

Traded in Other Exchanges

ELEKTRA:Mexico GE7C:Germany

Address

Av Ferrocarril de Rio Frio, N 419-CJ Col Fraccionamiento, Industrial del Moral, Mexico DF, MEX

Website

http://www.grupoelektra.com.mx

Grupo Elektra SAB de CV is a Mexican specialty retailer and financial services provider. It operates in South and Central America and the United States. The firm's main customers are found at the base of the socioeconomic pyramid. The firm's operations are split into the commercial division and the financial division. The commercial division offers electronics, appliances, and furniture, among other things. The financial division includes Banco Azteca (Mexico, Guatemala, El Salvador, Honduras, Peru), Advance America (U.S.), Afore Azteca, Seguros Azteca, and Punto Casa de Bolsa.

Grupo ElektraB de CV (XMAD:XEKT) Headlines

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