Vimi Fasteners SpA (MIL:VIM) Debt-to-Equity : 0.81 (As of Jun. 2023)

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What is Vimi Fasteners SpA Debt-to-Equity?

Vimi Fasteners SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €10.38 Mil. Vimi Fasteners SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €14.41 Mil. Vimi Fasteners SpA's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €30.81 Mil. Vimi Fasteners SpA's debt to equity for the quarter that ended in Jun. 2023 was 0.80.

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

MIL:VIM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 0.74 Max: 8.96
Current: 0.81

During the past 8 years, the highest Debt-to-Equity Ratio of Vimi Fasteners SpA was 8.96. The lowest was 0.50. And the median was 0.74.

MIL:VIM's Debt-to-Equity is ranked worse than
81.65% of 2626 companies
in the Industrial Products industry
Industry Median: 0.29 vs MIL:VIM: 0.81

Vimi Fasteners SpA Debt-to-Equity Historical Data

The historical data trend for Vimi Fasteners 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.

Vimi Fasteners SpA Debt-to-Equity Chart

Vimi Fasteners SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.58

0.82

0.80

0.56

8.96

Vimi Fasteners SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial									0.70	0.56	0.59	8.96	0.81

Competitive Comparison of Vimi Fasteners SpA's Debt-to-Equity

For the Tools & Accessories subindustry, Vimi Fasteners 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.

Vimi Fasteners SpA's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vimi Fasteners SpA's Debt-to-Equity distribution charts can be found below:

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

Vimi Fasteners SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vimi Fasteners 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
	=	(10.625	+	5.006)	/	1.745
	=	8.96

Vimi Fasteners 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
	=	(10.383	+	14.407)	/	30.805
	=	0.80

Vimi Fasteners SpA (MIL:VIM) 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.

Vimi Fasteners SpA Debt-to-Equity Related Terms

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

Vimi Fasteners SpA (MIL:VIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vimi Fasteners SpA (MIL:VIM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Labriola, 19, Novellara, Reggio Emilia, ITA, 42017

Website

http://www.vimifasteners.com

Vimi Fasteners SpA is an Italy based company. It is engaged in design and manufacture of mechanical fasteners. The company serves different markets namely Automotive, Industrial Engines and Vehicles, Oil and Gas and Aerospace and Motorsport. The company offers Turbocharger, Engine, Manifold and Exhaust System, Power Transmission, Braking System and Suspension and Wheel. The company products are crankcase screws and studs, cylinder head screws, flywheel bolts and others.

Vimi Fasteners SpA (MIL:VIM) Headlines

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