Masonite International (FRA:MII) Debt-to-Equity : 1.47 (As of Mar. 2024)

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What is Masonite International Debt-to-Equity?

Masonite International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €62 Mil. Masonite International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,165 Mil. Masonite International's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €838 Mil. Masonite International's debt to equity for the quarter that ended in Mar. 2024 was 1.47.

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 Masonite International's Debt-to-Equity or its related term are showing as below:

FRA:MII' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.31 Max: 1.71
Current: 1.47

During the past 13 years, the highest Debt-to-Equity Ratio of Masonite International was 1.71. The lowest was 0.65. And the median was 1.31.

FRA:MII's Debt-to-Equity is ranked worse than
86.39% of 1514 companies
in the Construction industry
Industry Median: 0.44 vs FRA:MII: 1.47

Masonite International Debt-to-Equity Historical Data

The historical data trend for Masonite International'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.

Masonite International Debt-to-Equity Chart

Masonite International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.48

1.39

1.54

1.42

1.54

Masonite International 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															1.68	1.60	1.54	1.54	1.47

Competitive Comparison of Masonite International's Debt-to-Equity

For the Building Products & Equipment subindustry, Masonite International'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.

Masonite International's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Masonite International's Debt-to-Equity distribution charts can be found below:

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

Masonite International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Masonite International'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
	=	(64.006	+	1133.44)	/	777.848
	=	1.54

Masonite International's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(62.425	+	1165.266)	/	837.558
	=	1.47

Masonite International (FRA:MII) 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.

Masonite International Debt-to-Equity Related Terms

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

Masonite International (FRA:MII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masonite International Corp (FRA:MII) » Definitions » Debt-to-Equity

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DOOR:USA

Address

2771 Rutherford Road, Concord, ON, CAN, L4K 2N6

Website

http://www.masonite.com

Masonite International Corp is engaged in designing, manufacturing, marketing and distributing interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Its product categories include interior molded residential doors, interior stile and rail residential doors, exterior fibreglass residential doors, exterior steel residential doors, interior architectural wood doors, wood veneers and molded door facings and door core. The company operates its manufacturing and distribution facilities in seven countries in North America, Europe, South America and Asia.

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