Planetel SpA (MIL:PLN) Debt-to-Equity : 0.86 (As of Dec. 2023)

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What is Planetel SpA Debt-to-Equity?

Planetel SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €6.60 Mil. Planetel SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €12.49 Mil. Planetel SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €22.10 Mil. Planetel SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.86.

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

MIL:PLN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 0.83 Max: 2.03
Current: 0.86

During the past 6 years, the highest Debt-to-Equity Ratio of Planetel SpA was 2.03. The lowest was 0.68. And the median was 0.83.

MIL:PLN's Debt-to-Equity is ranked worse than
60.82% of 342 companies
in the Telecommunication Services industry
Industry Median: 0.645 vs MIL:PLN: 0.86

Planetel SpA Debt-to-Equity Historical Data

The historical data trend for Planetel 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.

Planetel SpA Debt-to-Equity Chart

Planetel SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.03

0.79

0.68

0.75

0.86

Planetel SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.68	0.84	0.75	0.80	0.86

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

For the Telecom Services subindustry, Planetel 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.

Planetel SpA's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Planetel SpA's Debt-to-Equity distribution charts can be found below:

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

Planetel SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Planetel 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
	=	(6.598	+	12.489)	/	22.097
	=	0.86

Planetel 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
	=	(6.598	+	12.489)	/	22.097
	=	0.86

Planetel SpA (MIL:PLN) 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.

Planetel SpA Debt-to-Equity Related Terms

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Planetel SpA (MIL:PLN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Planetel SpA (MIL:PLN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Boffalora, 4, Treviolo, ITA, 24048

Website

https://www.planetel.it

Planetel SpA provides telecommunication services. The company offers wireless internet services, voice and video calling services, cloud services, and other related services.

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