Galeb GTE a.d (XBEL:GLBG) Debt-to-Equity : -0.59 (As of Dec. 2023)

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What is Galeb GTE a.d Debt-to-Equity?

Galeb GTE a.d's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RSD140.83 Mil. Galeb GTE a.d's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RSD0.00 Mil. Galeb GTE a.d's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RSD-239.37 Mil. Galeb GTE a.d's debt to equity for the quarter that ended in Dec. 2023 was -0.59.

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 Galeb GTE a.d's Debt-to-Equity or its related term are showing as below:

XBEL:GLBG' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.6 Med: -0.38 Max: 0.97
Current: -0.59

During the past 13 years, the highest Debt-to-Equity Ratio of Galeb GTE a.d was 0.97. The lowest was -0.60. And the median was -0.38.

XBEL:GLBG's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.29 vs XBEL:GLBG: -0.59

Galeb GTE a.d Debt-to-Equity Historical Data

The historical data trend for Galeb GTE a.d'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.

Galeb GTE a.d Debt-to-Equity Chart

Galeb GTE a.d Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-0.23

-0.30

-0.60

-0.59

Galeb GTE a.d Semi-Annual Data
	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec21	Dec22	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-0.23	-0.30	-0.60	-0.59	-0.59

Competitive Comparison of Galeb GTE a.d's Debt-to-Equity

For the Communication Equipment subindustry, Galeb GTE a.d'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.

Galeb GTE a.d's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Galeb GTE a.d's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Galeb GTE a.d's Debt-to-Equity falls into.

Galeb GTE a.d Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Galeb GTE a.d'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
	=	(140.83	+	0)	/	-239.368
	=	-0.59

Galeb GTE a.d'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
	=	(140.83	+	0)	/	-239.368
	=	-0.59

Galeb GTE a.d (XBEL:GLBG) 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.

Galeb GTE a.d Debt-to-Equity Related Terms

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Galeb GTE a.d (XBEL:GLBG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galeb GTE a.d (XBEL:GLBG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pocerska 111, Sabac, SRB, 15000

Website

http://www.galeb.com

Galeb GTE a.d manufactures communication equipment. The company is engaged in the production, sale and servicing of electrical tools and equipment for the industry. It manufacturer fiscal devices and terminals for remote reading of data from fiscal devices, signaling systems for railways, GPS systems, metal processing, metal, and plastic packaging.

Galeb GTE a.d (XBEL:GLBG) Headlines

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