Terna SpA (FRA:UEI) Debt-to-Equity

: 1.62 (As of Sep. 2023)

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Terna SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €570 Mil. Terna SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €9,721 Mil. Terna SpA's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €6,337 Mil. Terna SpA's debt to equity for the quarter that ended in Sep. 2023 was 1.62.

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

FRA:UEI' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.62 Med: 2.36 Max: 3.17
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Terna SpA was 3.17. The lowest was 1.62. And the median was 2.36.

FRA:UEI's Debt-to-Equity is ranked better than
59.07% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs FRA:UEI: 0.63

Terna SpA Debt-to-Equity Historical Data

The historical data trend for Terna SpA'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.

Terna SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.30

2.82

2.66

1.76

0.63

Terna SpA 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																1.76	1.71	1.93	1.62	0.63

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Terna SpA'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.

Terna SpA Debt-to-Equity Distribution

For the Utilities - Regulated industry and Utilities sector, Terna SpA's Debt-to-Equity distribution charts can be found below:

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

Terna SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Terna SpA'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
	=	(2396.9	+	8416.7)	/	6142
	=	1.76

Terna SpA's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(570.1	+	9720.5)	/	6337.3
	=	1.62

Terna SpA (FRA:UEI) 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.

Terna SpA Debt-to-Equity Related Terms

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Terna SpA (FRA:UEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Terna SpA (FRA:UEI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TEZNY:USA TERRF:USA TRN:Italy TRNm:UK 0LBM:UK

Address

Viale Egidio Galbani, 70, Rome, ITA, 00156

Website

https://www.terna.it

Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.

Terna SpA (FRA:UEI) Headlines

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