Aegean Airlines (Aegean Airlines) Debt-to-Equity : 3.04 (As of Jun. 2023)

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What is Aegean Airlines Debt-to-Equity?

Aegean Airlines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $116 Mil. Aegean Airlines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1,086 Mil. Aegean Airlines's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $396 Mil. Aegean Airlines's debt to equity for the quarter that ended in Jun. 2023 was 3.04.

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 Aegean Airlines's Debt-to-Equity or its related term are showing as below:

AGZNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.33 Max: 10.15
Current: 3.04

During the past 13 years, the highest Debt-to-Equity Ratio of Aegean Airlines was 10.15. The lowest was 0.08. And the median was 0.33.

AGZNF's Debt-to-Equity is ranked worse than
93.33% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs AGZNF: 3.04

Aegean Airlines Debt-to-Equity Historical Data

The historical data trend for Aegean Airlines'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.

Aegean Airlines Debt-to-Equity Chart

Aegean Airlines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.08

1.61

10.10

3.57

2.88

Aegean Airlines Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															10.15	3.57	3.47	2.88	3.04

Competitive Comparison of Aegean Airlines's Debt-to-Equity

For the Airlines subindustry, Aegean Airlines'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.

Aegean Airlines's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aegean Airlines's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Aegean Airlines's Debt-to-Equity falls into.

Aegean Airlines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aegean Airlines's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(140.432	+	924.72)	/	369.412
	=	2.88

Aegean Airlines's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(115.823	+	1086.438)	/	395.944
	=	3.04

Aegean Airlines (OTCPK:AGZNF) 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.

Aegean Airlines Debt-to-Equity Related Terms

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Aegean Airlines (Aegean Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aegean Airlines SA (OTCPK:AGZNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AEGN:Greece 32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.