Pettenati Industria Textil (BSP:PTNT3) Debt-to-Equity : 0.73 (As of Dec. 2023)

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What is Pettenati Industria Textil Debt-to-Equity?

Pettenati Industria Textil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$74.3 Mil. Pettenati Industria Textil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$200.7 Mil. Pettenati Industria Textil's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$375.2 Mil. Pettenati Industria Textil's debt to equity for the quarter that ended in Dec. 2023 was 0.73.

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 Pettenati Industria Textil's Debt-to-Equity or its related term are showing as below:

BSP:PTNT3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 0.76 Max: 1.16
Current: 0.73

During the past 13 years, the highest Debt-to-Equity Ratio of Pettenati Industria Textil was 1.16. The lowest was 0.54. And the median was 0.76.

BSP:PTNT3's Debt-to-Equity is ranked worse than
65.59% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BSP:PTNT3: 0.73

Pettenati Industria Textil Debt-to-Equity Historical Data

The historical data trend for Pettenati Industria Textil'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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Pettenati Industria Textil Debt-to-Equity Chart

Pettenati Industria Textil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.54

0.95

0.76

0.63

0.59

Pettenati Industria Textil 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															0.76	0.69	0.59	0.69	0.73

Competitive Comparison of Pettenati Industria Textil's Debt-to-Equity

For the Apparel Manufacturing subindustry, Pettenati Industria Textil'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.

Pettenati Industria Textil's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pettenati Industria Textil's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pettenati Industria Textil's Debt-to-Equity falls into.

Pettenati Industria Textil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pettenati Industria Textil's Debt to Equity Ratio for the fiscal year 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
	=	(91.608	+	122.077)	/	361.13
	=	0.59

Pettenati Industria Textil'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
	=	(74.25	+	200.687)	/	375.241
	=	0.73

Pettenati Industria Textil (BSP:PTNT3) 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.

Pettenati Industria Textil Debt-to-Equity Related Terms

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Pettenati Industria Textil (BSP:PTNT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pettenati SA Industria Textil (BSP:PTNT3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PTNT4:Brazil

Address

Rodovia RSC, 453 – Km 2.4, Caxias Do Sul, RS, BRA, 95010550

Website

http://www.pettenati.com.br

Pettenati SA Industria Textil manufactures fabrics finished in mesh point and apparel. The company creates, develops, tests, manufactures and markets types of fabrics covering dyed woven and printed fabric types. The company's product line include Softs, Plushs, Half Meshes, Viscose and Sport Lines, among others.

Pettenati Industria Textil (BSP:PTNT3) Headlines

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