Spindox SpA (MIL:SPN) Debt-to-Equity : 1.42 (As of Dec. 2023)

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What is Spindox SpA Debt-to-Equity?

Spindox SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €10.90 Mil. Spindox SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €8.93 Mil. Spindox SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €13.98 Mil. Spindox SpA's debt to equity for the quarter that ended in Dec. 2023 was 1.42.

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

MIL:SPN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 1.42 Max: 4.18
Current: 1.42

During the past 5 years, the highest Debt-to-Equity Ratio of Spindox SpA was 4.18. The lowest was 0.81. And the median was 1.42.

MIL:SPN's Debt-to-Equity is ranked worse than
89.75% of 2224 companies
in the Software industry
Industry Median: 0.21 vs MIL:SPN: 1.42

Spindox SpA Debt-to-Equity Historical Data

The historical data trend for Spindox 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.

Spindox SpA Debt-to-Equity Chart

Spindox SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

4.18

2.01

0.81

1.20

1.42

Spindox SpA Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.81	0.88	1.20	1.19	1.42

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

For the Information Technology Services subindustry, Spindox 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.

Spindox SpA's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Spindox SpA's Debt-to-Equity distribution charts can be found below:

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

Spindox SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spindox 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
	=	(10.898	+	8.931)	/	13.982
	=	1.42

Spindox 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
	=	(10.898	+	8.931)	/	13.982
	=	1.42

Spindox SpA (MIL:SPN) 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.

Spindox SpA Debt-to-Equity Related Terms

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Spindox SpA (MIL:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spindox SpA (MIL:SPN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

via Bisceglie 76, Milan, ITA, 20152

Website

https://www.spindox.it

Spindox SpA operates in the Information and Communication Technology services and products market. It offers consulting, IT and network engineering services, AI technological solutions, and research support in the Italian market.

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