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The Middleby (The Middleby) Debt-to-Equity : 0.75 (As of Dec. 2023)


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What is The Middleby Debt-to-Equity?

The Middleby's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $71 Mil. The Middleby's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,380 Mil. The Middleby's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,250 Mil. The Middleby's debt to equity for the quarter that ended in Dec. 2023 was 0.75.

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 The Middleby's Debt-to-Equity or its related term are showing as below:

MIDD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58   Med: 0.82   Max: 1.14
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of The Middleby was 1.14. The lowest was 0.58. And the median was 0.82.

MIDD's Debt-to-Equity is ranked worse than
79.39% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs MIDD: 0.75

The Middleby Debt-to-Equity Historical Data

The historical data trend for The Middleby'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.

The Middleby Debt-to-Equity Chart

The Middleby Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.89 0.98 0.98 0.75

The Middleby Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.98 0.96 0.92 0.84 0.75

Competitive Comparison of The Middleby's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, The Middleby'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.


The Middleby's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Middleby's Debt-to-Equity distribution charts can be found below:

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



The Middleby Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Middleby's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

The Middleby's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


The Middleby  (NAS:MIDD) 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.


The Middleby Debt-to-Equity Related Terms

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


The Middleby (The Middleby) Business Description

Traded in Other Exchanges
Address
1400 Toastmaster Drive, Elgin, IL, USA, 60120
The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment primarily used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.
Executives
Chapin Sarah Palisi director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Pool Iii James K officer: Chief Technology and* 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Robert A Nerbonne director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Miller John R Iii director C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Matthew R Fuchsen officer: Chief Development Officer 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Brittany C Cerwin officer: Chief Accounting Officer 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Cathy L Mccarthy director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Nassem Ziyad director C/O MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Timothy John Fitzgerald officer: Chief Financial Officer C/O MIDDLEBY CORPORATON, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Steve Spittle officer: Chief Commercial Officer 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Bryan E. Mittelman officer: Chief Accounting Officer THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Martin M Lindsay officer: Treasurer C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DR, ELGIN IL 60120
Gordon Obrien director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Robert B Lamb director C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DR, ELGIN IL 60120
Selim A Bassoul director, officer: Chief Executive Officer C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300