Grupul Industrial Electrocontact (BSE:ECT) Debt-to-Equity : 0.02 (As of Jun. 2023)

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What is Grupul Industrial Electrocontact Debt-to-Equity?

Grupul Industrial Electrocontact's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was lei0.27 Mil. Grupul Industrial Electrocontact's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was lei0.00 Mil. Grupul Industrial Electrocontact's Total Stockholders Equity for the quarter that ended in Jun. 2023 was lei14.93 Mil. Grupul Industrial Electrocontact's debt to equity for the quarter that ended in Jun. 2023 was 0.02.

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 Grupul Industrial Electrocontact's Debt-to-Equity or its related term are showing as below:

BSE:ECT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.02 Max: 0.02
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Grupul Industrial Electrocontact was 0.02. The lowest was 0.02. And the median was 0.02.

BSE:ECT's Debt-to-Equity is ranked better than
93.8% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs BSE:ECT: 0.02

Grupul Industrial Electrocontact Debt-to-Equity Historical Data

The historical data trend for Grupul Industrial Electrocontact'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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Grupul Industrial Electrocontact Debt-to-Equity Chart

Grupul Industrial Electrocontact Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.02

Grupul Industrial Electrocontact Semi-Annual Data
	Dec11	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-	0.02	0.02	0.02	0.02

Competitive Comparison of Grupul Industrial Electrocontact's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Grupul Industrial Electrocontact'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.

Grupul Industrial Electrocontact's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Grupul Industrial Electrocontact Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grupul Industrial Electrocontact'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
	=	(0.269	+	0)	/	15.04
	=	0.02

Grupul Industrial Electrocontact'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
	=	(0.269	+	0)	/	14.934
	=	0.02

Grupul Industrial Electrocontact (BSE:ECT) 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.

Grupul Industrial Electrocontact Debt-to-Equity Related Terms

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

Grupul Industrial Electrocontact (BSE:ECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grupul Industrial Electrocontact SA (BSE:ECT) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

Calea Nationala nr. 6, Botosani, ROU, 710010

Website

http://www.electrocontact.ro

Grupul Industrial Electrocontact S.A. provides solutions for equipment related to control and distribution for home and industrial use. Some of its products are electric explosion-proof equipment, proximity inductive & optoelectronic switches & junction.

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