Mig Holdings (FRA:M3K0) Debt-to-Equity : 0.76 (As of Dec. 2023)

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What is Mig Holdings Debt-to-Equity?

Mig Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.24 Mil. Mig Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €91.86 Mil. Mig Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €121.87 Mil. Mig Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.76.

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 Mig Holdings's Debt-to-Equity or its related term are showing as below:

FRA:M3K0' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.76 Med: 6.58 Max: 48.71
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Mig Holdings was 48.71. The lowest was 0.76. And the median was 6.58.

FRA:M3K0's Debt-to-Equity is ranked worse than
50.06% of 1578 companies
in the Real Estate industry
Industry Median: 0.755 vs FRA:M3K0: 0.76

Mig Holdings Debt-to-Equity Historical Data

The historical data trend for Mig Holdings'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.

Mig Holdings Debt-to-Equity Chart

Mig Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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7.00

16.21

20.92

48.71

0.76

Mig Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															20.92	36.64	48.71	0.75	0.76

Competitive Comparison of Mig Holdings's Debt-to-Equity

For the Real Estate Services subindustry, Mig Holdings'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.

Mig Holdings's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mig Holdings's Debt-to-Equity distribution charts can be found below:

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

Mig Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mig Holdings'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
	=	(0.239	+	91.856)	/	121.865
	=	0.76

Mig Holdings'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
	=	(0.239	+	91.856)	/	121.865
	=	0.76

Mig Holdings (FRA:M3K0) 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.

Mig Holdings Debt-to-Equity Related Terms

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

Mig Holdings (FRA:M3K0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mig Holdings SA (FRA:M3K0) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MIG:Greece

Address

El. Venizelou 10, Athens, GRC, 106 71

Website

http://www.marfininvestmentgroup.com

Mig Holdings SA is an investment holding company. Through its subsidiaries, the company operates its business in various segments which include Transportation, Financial Services, Real Estate, and Others. The majority of the company's revenues are generated through the Real Estate segment. This activity consists of the purchase of real estate and exercising ownership of that real estate. Geographically, it operates in Greece, European Countries, and Other countries, out of which the majority is from European countries.

Mig Holdings (FRA:M3K0) Headlines

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