Grupo Greening 2022 (XMAD:GGR) Debt-to-Equity : 0.93 (As of Dec. 2023)

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What is Grupo Greening 2022 Debt-to-Equity?

Grupo Greening 2022's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €27.3 Mil. Grupo Greening 2022's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4.1 Mil. Grupo Greening 2022's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €33.9 Mil. Grupo Greening 2022's debt to equity for the quarter that ended in Dec. 2023 was 0.93.

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 Grupo Greening 2022's Debt-to-Equity or its related term are showing as below:

XMAD:GGR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.93 Med: 1.59 Max: 5
Current: 0.93

During the past 4 years, the highest Debt-to-Equity Ratio of Grupo Greening 2022 was 5.00. The lowest was 0.93. And the median was 1.59.

XMAD:GGR's Debt-to-Equity is ranked worse than
72.16% of 916 companies
in the Business Services industry
Industry Median: 0.385 vs XMAD:GGR: 0.93

Grupo Greening 2022 Debt-to-Equity Historical Data

The historical data trend for Grupo Greening 2022'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.

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Grupo Greening 2022 Debt-to-Equity Chart

Grupo Greening 2022 Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.77

5.00

1.41

0.93

Grupo Greening 2022 Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			5.00	N/A	1.41	0.68	0.93

Competitive Comparison of Grupo Greening 2022's Debt-to-Equity

For the Specialty Business Services subindustry, Grupo Greening 2022'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.

Grupo Greening 2022's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Grupo Greening 2022's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grupo Greening 2022's Debt-to-Equity falls into.

Grupo Greening 2022 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grupo Greening 2022'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
	=	(27.302	+	4.096)	/	33.877
	=	0.93

Grupo Greening 2022'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
	=	(27.302	+	4.096)	/	33.877
	=	0.93

Grupo Greening 2022 (XMAD:GGR) 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.

Grupo Greening 2022 Debt-to-Equity Related Terms

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Grupo Greening 2022 (XMAD:GGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Grupo Greening 2022 SA (XMAD:GGR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

70I:Germany

Address

C/ Alcayata, 4. Polígono Industrial El Florío, Granada, ESP, 18015

Website

https://www.greening-group.com

Grupo Greening 2022 SA is a diversified business group, whose objectives are innovation and international development in all its business areas: renewable energies, hydraulic projects, engineering, concessions, services and industry.