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Meggitt Debt-to-Equity

: 0.47 (As of Jun. 2021)
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Meggitt's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was £121 Mil. Meggitt's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was £841 Mil. Meggitt's Total Stockholders Equity for the quarter that ended in Jun. 2021 was £2,068 Mil. Meggitt's debt to equity for the quarter that ended in Jun. 2021 was 0.47.

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

LSE:MGGT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32   Med: 0.55   Max: 0.97
Current: 0.47

0.32
0.97

During the past 13 years, the highest Debt-to-Equity Ratio of Meggitt was 0.97. The lowest was 0.32. And the median was 0.55.

LSE:MGGT's Debt-to-Equity is ranked lower than
55% of the 226 Companies
in the Aerospace & Defense industry.

( Industry Median: 0.41 vs. LSE:MGGT: 0.47 )

Meggitt Debt-to-Equity Historical Data

The historical data trend for Meggitt'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.

Meggitt Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.51 0.50 0.43 0.47

Meggitt Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.43 0.57 0.47 0.47

Competitive Comparison

For the Aerospace & Defense subindustry, Meggitt'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.

   

Meggitt Debt-to-Equity Distribution

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

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



Meggitt Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meggitt's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Meggitt's Debt to Equity Ratio for the quarter that ended in Jun. 2021 is calculated as

* 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.


Meggitt  (LSE:MGGT) 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.


Meggitt Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Meggitt's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Meggitt Business Description

Meggitt logo
Industry
Traded in Other Exchanges
Address
Ansty Business Park, Pilot Way, Coventry, GBR, CV7 9JU
Meggitt designs and manufactures high performance components and sub-systems for the aerospace, defense, and energy markets. Key products include aircraft wheels and brakes, fire and safety systems, sensors, fuel systems, and polymer seals. Of the EUR 1.9 billion group revenue reported in 2020, 43% is derived from civil aerospace markets, 46% from defense, and 11% from energy markets. The company commands a leading share within many of its product categories and enjoys a high level of sole-source positions on long-term civil and military programs. Activities are evenly split between production of original equipment and aftermarket services.

Meggitt Headlines

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