Hexcel (FRA:HXL) Debt-to-Equity : 0.44 (As of Mar. 2024)

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What is Hexcel Debt-to-Equity?

Hexcel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil. Hexcel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €657 Mil. Hexcel's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €1,502 Mil. Hexcel's debt to equity for the quarter that ended in Mar. 2024 was 0.44.

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

FRA:HXL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.56 Max: 0.98
Current: 0.44

During the past 13 years, the highest Debt-to-Equity Ratio of Hexcel was 0.98. The lowest was 0.34. And the median was 0.56.

FRA:HXL's Debt-to-Equity is ranked better than
51.57% of 254 companies
in the Aerospace & Defense industry
Industry Median: 0.445 vs FRA:HXL: 0.44

Hexcel Debt-to-Equity Historical Data

The historical data trend for Hexcel'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.

Hexcel Debt-to-Equity Chart

Hexcel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.73

0.61

0.55

0.47

0.41

Hexcel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.47	0.47	0.46	0.41	0.44

Competitive Comparison of Hexcel's Debt-to-Equity

For the Aerospace & Defense subindustry, Hexcel'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.

Hexcel's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Hexcel's Debt-to-Equity distribution charts can be found below:

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

Hexcel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hexcel'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
	=	(0.092	+	641.35)	/	1574.03
	=	0.41

Hexcel's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.092	+	657.432)	/	1501.532
	=	0.44

Hexcel (FRA:HXL) 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.

Hexcel Debt-to-Equity Related Terms

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Hexcel (FRA:HXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hexcel Corp (FRA:HXL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HXL:USA

Address

281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, USA, 06901

Website

https://www.hexcel.com

Founded in 1948, Hexcel designs and manufactures a range of high-performance composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are engineered to be lighter than metal and perform under rigorous conditions in aircraft frames, wings, engines, and other components and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (38% of 2022 sales) and Boeing (25% of prepandemic sales) and its respective subcontractors.