Gas Plus SpA (MIL:GSP) Debt-to-Equity : 0.32 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Gas Plus SpA Debt-to-Equity?

Gas Plus SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €60.6 Mil. Gas Plus SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €11.5 Mil. Gas Plus SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €228.8 Mil. Gas Plus SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.31.

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

MIL:GSP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.35 Max: 0.6
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Gas Plus SpA was 0.60. The lowest was 0.20. And the median was 0.35.

MIL:GSP's Debt-to-Equity is ranked better than
59.47% of 829 companies
in the Oil & Gas industry
Industry Median: 0.45 vs MIL:GSP: 0.32

Gas Plus SpA Debt-to-Equity Historical Data

The historical data trend for Gas Plus 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.

Gas Plus SpA Debt-to-Equity Chart

Gas Plus SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.37

0.50

0.60

0.43

0.32

Gas Plus SpA 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															0.60	0.67	0.43	0.37	0.32

Competitive Comparison of Gas Plus SpA's Debt-to-Equity

For the Oil & Gas E&P subindustry, Gas Plus 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.

Gas Plus SpA's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gas Plus SpA's Debt-to-Equity distribution charts can be found below:

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

Gas Plus SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gas Plus SpA'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
	=	(60.555	+	11.49)	/	228.807
	=	0.31

Gas Plus SpA'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
	=	(60.555	+	11.49)	/	228.807
	=	0.31

Gas Plus SpA (MIL:GSP) 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.

Gas Plus SpA Debt-to-Equity Related Terms

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

Gas Plus SpA (MIL:GSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gas Plus SpA (MIL:GSP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

T9O:Germany

Address

Viale Enrico Forlanini, 17, Milan, ITA, 20134

Website

http://www.gasplus.it

Gas Plus SpA through its subsidiaries is engaged in the exploration and production of natural gas in Italy. The company is also involved in the production, purchase, distribution, and sale of natural gas. The company holds approximately 47 cultivation concessions distributed throughout Italy and manages a total of about 1,600 kilometers of regional distribution and transportation network located around 39 municipalities.

Gas Plus SpA (MIL:GSP) Headlines

From GuruFocus

Alhambra Investment Partners LLC Buys ISHARES INC, BARCLAYS BANK PLC, SPDR INDEX SHS FDS, Sells SPDR INDEX SHS FDS, Raytheon Co, Express,

By GuruFocus Research GuruFocus Editor • 08-18-2020