Azelis Group NV (XBRU:AZE) Debt-to-Equity : 0.69 (As of Dec. 2023)

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What is Azelis Group NV Debt-to-Equity?

Azelis Group NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €125 Mil. Azelis Group NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,651 Mil. Azelis Group NV's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €2,590 Mil. Azelis Group NV's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

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 Azelis Group NV's Debt-to-Equity or its related term are showing as below:

XBRU:AZE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.77 Max: 1.06
Current: 0.69

During the past 6 years, the highest Debt-to-Equity Ratio of Azelis Group NV was 1.06. The lowest was 0.46. And the median was 0.77.

XBRU:AZE's Debt-to-Equity is ranked worse than
72.31% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs XBRU:AZE: 0.69

Azelis Group NV Debt-to-Equity Historical Data

The historical data trend for Azelis Group NV'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.

Azelis Group NV Debt-to-Equity Chart

Azelis Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.98

1.06

0.46

0.60

0.69

Azelis Group NV Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.46	0.56	0.60	0.74	0.69

Competitive Comparison of Azelis Group NV's Debt-to-Equity

For the Specialty Chemicals subindustry, Azelis Group NV'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.

Azelis Group NV's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Azelis Group NV's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Azelis Group NV's Debt-to-Equity falls into.

Azelis Group NV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Azelis Group NV'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
	=	(125.117	+	1650.981)	/	2589.999
	=	0.69

Azelis Group NV'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
	=	(125.117	+	1650.981)	/	2589.999
	=	0.69

Azelis Group NV (XBRU:AZE) 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.

Azelis Group NV Debt-to-Equity Related Terms

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Azelis Group NV (XBRU:AZE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Azelis Group NV (XBRU:AZE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AZEb:UK 2R7:Germany

Address

Posthofbrug 12, Box 6, Antwerp, BEL, B-2600

Website

https://www.azelis.com

Azelis Group NV is a innovation service provider for the specialty chemicals and food ingredients industry. The company has its business operating segments namely Life Sciences and Industrial chemicals. Geographically, the company has its presence in EMEA, Americas and Asia Pacific.

Azelis Group NV (XBRU:AZE) Headlines

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