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Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) Debt-to-Equity : 0.33 (As of Dec. 2023)


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What is Openjobmetis SpA Agenzia per il Lavoro Debt-to-Equity?

Openjobmetis SpA Agenzia per il Lavoro's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €23.1 Mil. Openjobmetis SpA Agenzia per il Lavoro's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €23.6 Mil. Openjobmetis SpA Agenzia per il Lavoro's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €140.9 Mil. Openjobmetis SpA Agenzia per il Lavoro's debt to equity for the quarter that ended in Dec. 2023 was 0.33.

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 Openjobmetis SpA Agenzia per il Lavoro's Debt-to-Equity or its related term are showing as below:

LTS:0RD2' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28   Med: 0.4   Max: 1.62
Current: 0.33

During the past 10 years, the highest Debt-to-Equity Ratio of Openjobmetis SpA Agenzia per il Lavoro was 1.62. The lowest was 0.28. And the median was 0.40.

LTS:0RD2's Debt-to-Equity is ranked better than
54.9% of 929 companies
in the Business Services industry
Industry Median: 0.39 vs LTS:0RD2: 0.33

Openjobmetis SpA Agenzia per il Lavoro Debt-to-Equity Historical Data

The historical data trend for Openjobmetis SpA Agenzia per il Lavoro'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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Openjobmetis SpA Agenzia per il Lavoro Debt-to-Equity Chart

Openjobmetis SpA Agenzia per il Lavoro Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.28 0.46 0.28 0.33

Openjobmetis SpA Agenzia per il Lavoro 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 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 0.28 0.28 0.27 0.33 0.33

Competitive Comparison of Openjobmetis SpA Agenzia per il Lavoro's Debt-to-Equity

For the Staffing & Employment Services subindustry, Openjobmetis SpA Agenzia per il Lavoro'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.


Openjobmetis SpA Agenzia per il Lavoro's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Openjobmetis SpA Agenzia per il Lavoro's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Openjobmetis SpA Agenzia per il Lavoro's Debt-to-Equity falls into.



Openjobmetis SpA Agenzia per il Lavoro Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Openjobmetis SpA Agenzia per il Lavoro's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Openjobmetis SpA Agenzia per il Lavoro's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


Openjobmetis SpA Agenzia per il Lavoro  (LTS:0RD2) 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.


Openjobmetis SpA Agenzia per il Lavoro Debt-to-Equity Related Terms

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


Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) Business Description

Traded in Other Exchanges
Address
Via Marsala 40/C, Centro Direzionale Le Torri, Varese, Gallarate, ITA, 21013
Openjobmetis SpA Agenzia per il Lavoro provides recruitment services. The firm offers solutions such as general staffing, professional staffing, and human resources solutions. The company's activities include supplying, recruiting, outplacement, and train personnel.

Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) Headlines

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