Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Turism Hoteluri Restaurante Marea Neagra Debt-to-Equity?

Turism Hoteluri Restaurante Marea Neagra's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was lei0.00 Mil. Turism Hoteluri Restaurante Marea Neagra's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was lei0.00 Mil. Turism Hoteluri Restaurante Marea Neagra's Total Stockholders Equity for the quarter that ended in Dec. 2023 was lei217.28 Mil. Turism Hoteluri Restaurante Marea Neagra's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Turism Hoteluri Restaurante Marea Neagra's Debt-to-Equity or its related term are showing as below:

BSE:EFO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.03
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Turism Hoteluri Restaurante Marea Neagra was 0.03. The lowest was 0.01. And the median was 0.02.

BSE:EFO's Debt-to-Equity is ranked better than
92.49% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs BSE:EFO: 0.03

Turism Hoteluri Restaurante Marea Neagra Debt-to-Equity Historical Data

The historical data trend for Turism Hoteluri Restaurante Marea Neagra'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.

Turism Hoteluri Restaurante Marea Neagra Debt-to-Equity Chart

Turism Hoteluri Restaurante Marea Neagra Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

Turism Hoteluri Restaurante Marea Neagra Quarterly Data
	Dec18	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															0.02	0.01	0.02	-	-

Competitive Comparison of Turism Hoteluri Restaurante Marea Neagra's Debt-to-Equity

For the Resorts & Casinos subindustry, Turism Hoteluri Restaurante Marea Neagra'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.

Turism Hoteluri Restaurante Marea Neagra's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Turism Hoteluri Restaurante Marea Neagra's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Turism Hoteluri Restaurante Marea Neagra's Debt-to-Equity falls into.

Turism Hoteluri Restaurante Marea Neagra Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Turism Hoteluri Restaurante Marea Neagra'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
	=	(0	+	0)	/	217.281
	=	0.00

Turism Hoteluri Restaurante Marea Neagra'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
	=	(0	+	0)	/	217.281
	=	0.00

Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) 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.

Turism Hoteluri Restaurante Marea Neagra Debt-to-Equity Related Terms

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

Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Turism Hoteluri Restaurante Marea Neagra SA (BSE:EFO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lavrion Street, No. 29, Constanta County, Mangalia, ROU, 905500

Website

https://www.thrmareaneagra.ro

Turism Hoteluri Restaurante Marea Neagra SA is engaged in providing tourist services. It provides resort and various types of accommodation and food services in the resorts and hotels of Black Sea resorts of Eforie Nord, Eforie Sud, Venus and Saturn. The services provided by the company are completed by the health and treatment offers in spa units situated in Bran-Brad-Bega, Balada, Hora, and Sirena. Geographically the operations are carried out through the region of Romania.

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