Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Debt-to-Equity : 0.27 (As of Oct. 2023)

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What is Fermiere du Casino Municipal de Cannes Debt-to-Equity?

Fermiere du Casino Municipal de Cannes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was €13.0 Mil. Fermiere du Casino Municipal de Cannes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was €59.2 Mil. Fermiere du Casino Municipal de Cannes's Total Stockholders Equity for the quarter that ended in Oct. 2023 was €267.5 Mil. Fermiere du Casino Municipal de Cannes's debt to equity for the quarter that ended in Oct. 2023 was 0.27.

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 Fermiere du Casino Municipal de Cannes's Debt-to-Equity or its related term are showing as below:

XPAR:FCMC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.3
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Fermiere du Casino Municipal de Cannes was 0.30. The lowest was 0.00. And the median was 0.04.

XPAR:FCMC's Debt-to-Equity is ranked better than
65.46% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs XPAR:FCMC: 0.27

Fermiere du Casino Municipal de Cannes Debt-to-Equity Historical Data

The historical data trend for Fermiere du Casino Municipal de Cannes'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.

Fermiere du Casino Municipal de Cannes Debt-to-Equity Chart

Fermiere du Casino Municipal de Cannes Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.21

0.30

0.28

0.27

Fermiere du Casino Municipal de Cannes Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.30	0.27	0.28	0.29	0.27

Competitive Comparison of Fermiere du Casino Municipal de Cannes's Debt-to-Equity

For the Resorts & Casinos subindustry, Fermiere du Casino Municipal de Cannes'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.

Fermiere du Casino Municipal de Cannes's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fermiere du Casino Municipal de Cannes's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fermiere du Casino Municipal de Cannes's Debt-to-Equity falls into.

Fermiere du Casino Municipal de Cannes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fermiere du Casino Municipal de Cannes's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(12.989	+	59.185)	/	267.481
	=	0.27

Fermiere du Casino Municipal de Cannes's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(12.989	+	59.185)	/	267.481
	=	0.27

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) 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.

Fermiere du Casino Municipal de Cannes Debt-to-Equity Related Terms

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Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fermiere du Casino Municipal de Cannes (XPAR:FCMC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Le Casino Croisette, 1 espace Lucien Barriere, Cannes, FRA, 06400

Website

http://www.lucienbarriere.com

Fermiere du Casino Municipal de Cannes operates a chain of casino hotels in France. The company offers accommodation, casinos, restaurants, golf courses, spas, and event management.

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Headlines

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