Leoni AG (FRA:LEOA) Debt-to-Equity : -4.22 (As of Dec. 2022)

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What is Leoni AG Debt-to-Equity?

Leoni AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was €1,159 Mil. Leoni AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was €436 Mil. Leoni AG's Total Stockholders Equity for the quarter that ended in Dec. 2022 was €-378 Mil. Leoni AG's debt to equity for the quarter that ended in Dec. 2022 was -4.22.

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

FRA:LEOA's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Leoni AG Debt-to-Equity Historical Data

The historical data trend for Leoni AG'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.

Leoni AG Debt-to-Equity Chart

Leoni AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.71

2.10

6.02

7.01

-4.22

Leoni AG Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Debt-to-Equity	Get a 7-Day Free Trial															7.01	5.50	5.84	8.70	-4.22

Competitive Comparison of Leoni AG's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Leoni AG'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.

Leoni AG's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Leoni AG's Debt-to-Equity distribution charts can be found below:

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

Leoni AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Leoni AG'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
	=	(1159.167	+	436.392)	/	-377.957
	=	-4.22

Leoni AG's Debt to Equity Ratio for the quarter 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
	=	(1159.167	+	436.392)	/	-377.957
	=	-4.22

Leoni AG (FRA:LEOA) 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.

Leoni AG Debt-to-Equity Related Terms

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Leoni AG (FRA:LEOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leoni AG (FRA:LEOA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marienstrasse 7, Nuremberg, DEU, D-90402

Website

https://www.leoni.com

Leoni AG is a manufacturer of wiring systems used in the automotive, healthcare, communications, and infrastructure industries. The company operates two business segments: wiring systems and wire & cable solutions, which offer entire wiring systems and harnesses, as well as various copper, hybrid, and optical cables and fibers. Its customers include carmakers, automotive suppliers, commercial vehicle manufacturers, the agricultural and special vehicles industry, and makers of power sports vehicles. Leoni generates the largest share of its revenue in Europe, with a focus on Germany and Eastern Europe. The company also has end markets in the Americas and Asia.

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