Titan Cement International (ATH:TITC) Debt-to-Equity : 0.60 (As of Dec. 2023)

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What is Titan Cement International Debt-to-Equity?

Titan Cement International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €393 Mil. Titan Cement International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €541 Mil. Titan Cement International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,552 Mil. Titan Cement International's debt to equity for the quarter that ended in Dec. 2023 was 0.60.

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 Titan Cement International's Debt-to-Equity or its related term are showing as below:

ATH:TITC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 0.66 Max: 0.71
Current: 0.6

During the past 8 years, the highest Debt-to-Equity Ratio of Titan Cement International was 0.71. The lowest was 0.60. And the median was 0.66.

ATH:TITC's Debt-to-Equity is ranked worse than
68.08% of 354 companies
in the Building Materials industry
Industry Median: 0.39 vs ATH:TITC: 0.60

Titan Cement International Debt-to-Equity Historical Data

The historical data trend for Titan Cement International'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.

Titan Cement International Debt-to-Equity Chart

Titan Cement International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.67

0.71

0.60

0.65

0.60

Titan Cement International Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										N/A	0.65	0.62	0.56	0.60

Competitive Comparison of Titan Cement International's Debt-to-Equity

For the Building Materials subindustry, Titan Cement International'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.

Titan Cement International's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Titan Cement International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Titan Cement International's Debt-to-Equity falls into.

Titan Cement International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Titan Cement International'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
	=	(393.364	+	541.025)	/	1552.403
	=	0.60

Titan Cement International'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
	=	(393.364	+	541.025)	/	1552.403
	=	0.60

Titan Cement International (ATH:TITC) 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.

Titan Cement International Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Titan Cement International's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Titan Cement International (ATH:TITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Titan Cement International SA (ATH:TITC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TTCIF:USA TCJ:Germany TITC:Belgium

Address

Rue de la Loi 23, 7th Floor, P.O. Box 4, Brussels, BEL, 1040

Website

https://www.titan-cement.com

Titan Cement International SA and its subsidiaries are engaged in the production, trade, and distribution of a wide range of construction materials, including cement, concrete, aggregates, cement blocks, dry mortars and fly ash. Its Geographical operating segment includes Greece and Western Europe; North America; South Eastern Europe and Eastern Mediterranean. The company derives a majority of revenue from North America.

Titan Cement International (ATH:TITC) Headlines

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