Espe SpA (MIL:ESPE) Debt-to-Equity : 0.92 (As of Jun. 2023)

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What is Espe SpA Debt-to-Equity?

Espe SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €5.37 Mil. Espe SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €1.37 Mil. Espe SpA's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €7.31 Mil. Espe SpA's debt to equity for the quarter that ended in Jun. 2023 was 0.92.

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 Espe SpA's Debt-to-Equity or its related term are showing as below:

MIL:ESPE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 1.14 Max: 1.2
Current: 0.59

During the past 3 years, the highest Debt-to-Equity Ratio of Espe SpA was 1.20. The lowest was 0.92. And the median was 1.14.

MIL:ESPE's Debt-to-Equity is ranked worse than
58.56% of 1513 companies
in the Construction industry
Industry Median: 0.44 vs MIL:ESPE: 0.59

Espe SpA Debt-to-Equity Historical Data

The historical data trend for Espe SpA'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.

Espe SpA Debt-to-Equity Chart

Espe SpA Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

1.14

1.20

0.59

Espe SpA Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	1.14	N/A	1.20	0.92	0.59

Competitive Comparison of Espe SpA's Debt-to-Equity

For the Engineering & Construction subindustry, Espe SpA'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.

Espe SpA's Debt-to-Equity Distribution in the Construction Industry

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

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

Espe SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Espe SpA'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
	=	(5.357	+	1.071)	/	5.38
	=	1.19

Espe SpA'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
	=	(5.366	+	1.37)	/	7.31
	=	0.92

Espe SpA (MIL:ESPE) 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.

Espe SpA Debt-to-Equity Related Terms

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

Espe SpA (MIL:ESPE) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

Espe SpA is a company which is producers of cutting edge solutions. They are born as installers of industrial electrical systems, over the years they have accumulated a rich wealth of experience, expanding its activities in the field of installation of photovoltaic systems and in the direct production of innovative technologies in the small wind, hydroelectric and biomass sectors.

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