Myers Industries (FRA:MJF) Debt-to-Equity : 1.52 (As of Mar. 2024)

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What is Myers Industries Debt-to-Equity?

Myers Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €24.7 Mil. Myers Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €383.4 Mil. Myers Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €268.3 Mil. Myers Industries's debt to equity for the quarter that ended in Mar. 2024 was 1.52.

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 Myers Industries's Debt-to-Equity or its related term are showing as below:

FRA:MJF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.59 Max: 2.28
Current: 1.52

During the past 13 years, the highest Debt-to-Equity Ratio of Myers Industries was 2.28. The lowest was 0.33. And the median was 0.59.

FRA:MJF's Debt-to-Equity is ranked worse than
91.14% of 350 companies
in the Packaging & Containers industry
Industry Median: 0.44 vs FRA:MJF: 1.52

Myers Industries Debt-to-Equity Historical Data

The historical data trend for Myers Industries'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.

Myers Industries Debt-to-Equity Chart

Myers Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.56

0.51

0.62

0.52

0.33

Myers Industries 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															0.48	0.42	0.34	0.33	1.52

Competitive Comparison of Myers Industries's Debt-to-Equity

For the Packaging & Containers subindustry, Myers Industries'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.

Myers Industries's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Debt-to-Equity distribution charts can be found below:

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

Myers Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Myers Industries'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
	=	(29.834	+	57.731)	/	268.498
	=	0.33

Myers Industries'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
	=	(24.742	+	383.365)	/	268.319
	=	1.52

Myers Industries (FRA:MJF) 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.

Myers Industries Debt-to-Equity Related Terms

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

Myers Industries (FRA:MJF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Myers Industries Inc (FRA:MJF) » Definitions » Debt-to-Equity

Comparable Companies

KRT PACK VKSC TUP TRS YHGJ MGIH DSS OCTO OI BALL AVY PKG IP AMCR WRK DUB:SK3 CCK TSX:CCL.A GPK

Traded in Other Exchanges

MYE:USA

Address

1293 South Main Street, Akron, OH, USA, 44301

Website

https://www.myersindustries.com

Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles.