Piaggio & C. SpA (Piaggio & C. SpA) Debt-to-Equity : 1.49 (As of Dec. 2023)

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What is Piaggio & C. SpA Debt-to-Equity?

Piaggio & C. SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $147 Mil. Piaggio & C. SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $531 Mil. Piaggio & C. SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $454 Mil. Piaggio & C. SpA's debt to equity for the quarter that ended in Dec. 2023 was 1.49.

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 Piaggio & C. SpA's Debt-to-Equity or its related term are showing as below:

PIAGF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.43 Med: 1.55 Max: 1.8
Current: 1.49

During the past 13 years, the highest Debt-to-Equity Ratio of Piaggio & C. SpA was 1.80. The lowest was 1.43. And the median was 1.55.

PIAGF's Debt-to-Equity is ranked worse than
85.6% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs PIAGF: 1.49

Piaggio & C. SpA Debt-to-Equity Historical Data

The historical data trend for Piaggio & C. 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.

Piaggio & C. SpA Debt-to-Equity Chart

Piaggio & C. SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.63

1.76

1.59

1.46

1.49

Piaggio & C. SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.46	1.20	1.45	1.49	1.49

Competitive Comparison of Piaggio & C. SpA's Debt-to-Equity

For the Auto Manufacturers subindustry, Piaggio & C. 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.

Piaggio & C. SpA's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Piaggio & C. SpA's Debt-to-Equity distribution charts can be found below:

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

Piaggio & C. SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Piaggio & C. 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
	=	(147.45	+	530.772)	/	453.812
	=	1.49

Piaggio & C. 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
	=	(147.45	+	530.772)	/	453.812
	=	1.49

Piaggio & C. SpA (OTCPK:PIAGF) 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.

Piaggio & C. SpA Debt-to-Equity Related Terms

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Piaggio & C. SpA (Piaggio & C. SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Piaggio & C. SpA (OTCPK:PIAGF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PIA:Italy 0FM1:UK P1I:Germany

Address

Viale Rinaldo Piaggio, 25, Pontedera, Pisa, ITA, 56025

Website

https://www.piaggiogroup.com

Piaggio & C. SpA is an Italian manufacturer of motor vehicles with international operations. The product portfolio consists of scooters, mopeds, and motorcycles marketed under the Aprilia, Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, and Scarabeo brands, as well as three- and four-wheeler light vehicles, marketed under the Ape, Porter and Quargo brands. Piaggio's sales are mainly in Europe, the Middle East, Africa; the Americas; and India, but are also in the Asia-Pacific region. The firm's manufacturing units are located in Italy, India, and Vietnam. Piaggio has a 45% stake in a Chinese joint-venture operation.