Toscana Aeroporti SpA (MIL:TYA) Debt-to-Equity

: 0.04 (As of Dec. 2023)

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Toscana Aeroporti SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.6 Mil. Toscana Aeroporti SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.3 Mil. Toscana Aeroporti SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €105.2 Mil. Toscana Aeroporti SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

MIL:TYA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.39 Max: 1.47
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Toscana Aeroporti SpA was 1.47. The lowest was 0.04. And the median was 0.39.

MIL:TYA's Debt-to-Equity is ranked better than
95.59% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs MIL:TYA: 0.04

Toscana Aeroporti SpA Debt-to-Equity Historical Data

The historical data trend for Toscana Aeroporti 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.

Toscana Aeroporti SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

1.44

1.47

0.04

Toscana Aeroporti 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	Get a 7-Day Free Trial															0.04	0.04	1.21	0.04	0.04

Competitive Comparison

For the Airports & Air Services subindustry, Toscana Aeroporti 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.

Toscana Aeroporti SpA Debt-to-Equity Distribution

For the Transportation industry and Industrials sector, Toscana Aeroporti SpA's Debt-to-Equity distribution charts can be found below:

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

Toscana Aeroporti SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toscana Aeroporti SpA'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
	=	(0.571	+	3.266)	/	105.174
	=	0.04

Toscana Aeroporti SpA's Debt to Equity Ratio for the quarter 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
	=	(0.571	+	3.266)	/	105.174
	=	0.04

Toscana Aeroporti SpA (MIL:TYA) 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.

Toscana Aeroporti SpA Debt-to-Equity Related Terms

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Toscana Aeroporti SpA (MIL:TYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Toscana Aeroporti SpA (MIL:TYA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via del Termine n. 11, Florence, ITA, 50127

Website

http://www.toscana-aeroporti.com

Toscana Aeroporti S.p.A. is engaged in the management of the airport of Pisa and Florence in Italy. The company manages handling activities and provides warehousing, freight forwarding, and air courier services.

Toscana Aeroporti SpA (MIL:TYA) Headlines

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