Mangels Industrial (BSP:MGEL4) Debt-to-Equity : 15.03 (As of Dec. 2023)

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Mangels Industrial Debt-to-Equity Definition

Mangels Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$125.9 Mil. Mangels Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$489.8 Mil. Mangels Industrial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$41.0 Mil. Mangels Industrial's debt to equity for the quarter that ended in Dec. 2023 was 15.03.

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 Mangels Industrial's Debt-to-Equity or its related term are showing as below:

BSP:MGEL4' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.97 Med: -1.81 Max: 96.4
Current: 15.03

During the past 13 years, the highest Debt-to-Equity Ratio of Mangels Industrial was 96.40. The lowest was -2.97. And the median was -1.81.

BSP:MGEL4's Debt-to-Equity is ranked worse than
99.46% of 559 companies
in the Steel industry
Industry Median: 0.41 vs BSP:MGEL4: 15.03

Mangels Industrial Debt-to-Equity Historical Data

The historical data trend for Mangels Industrial'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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Mangels Industrial Debt-to-Equity Chart

Mangels Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-1.79

-1.83

-2.97

96.40

15.03

Mangels Industrial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															96.40	49.72	20.21	28.43	15.03

Competitive Comparison of Mangels Industrial's Debt-to-Equity

For the Steel subindustry, Mangels Industrial'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.

Mangels Industrial's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mangels Industrial's Debt-to-Equity distribution charts can be found below:

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

Mangels Industrial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mangels Industrial'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
	=	(125.935	+	489.834)	/	40.978
	=	15.03

Mangels Industrial'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
	=	(125.935	+	489.834)	/	40.978
	=	15.03

Mangels Industrial (BSP:MGEL4) 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.

Mangels Industrial Debt-to-Equity Related Terms

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Mangels Industrial (BSP:MGEL4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangels Industrial SA (BSP:MGEL4) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Verbo Divino 1488, 6º andar, Cj.61A e 64D, Chácara Santo, Antonio, Sao Paulo, SP, BRA, 04719904

Website

http://www.mangels.com.br

Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.

Mangels Industrial (BSP:MGEL4) Headlines

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