CTS Eventim AG. KGaA (CTS Eventim AG. KGaA) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is CTS Eventim AG. KGaA Debt-to-Equity?

CTS Eventim AG. KGaA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25 Mil. CTS Eventim AG. KGaA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $111 Mil. CTS Eventim AG. KGaA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $978 Mil. CTS Eventim AG. KGaA's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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 CTS Eventim AG. KGaA's Debt-to-Equity or its related term are showing as below:

CEVMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.34 Max: 0.78
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of CTS Eventim AG. KGaA was 0.78. The lowest was 0.14. And the median was 0.34.

CEVMF's Debt-to-Equity is ranked better than
65.48% of 843 companies
in the Media - Diversified industry
Industry Median: 0.29 vs CEVMF: 0.14

CTS Eventim AG. KGaA Debt-to-Equity Historical Data

The historical data trend for CTS Eventim AG. KGaA'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.

CTS Eventim AG. KGaA Debt-to-Equity Chart

CTS Eventim AG. KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

0.78

0.26

0.17

0.14

CTS Eventim AG. KGaA 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															0.17	0.15	0.17	0.15	0.14

Competitive Comparison of CTS Eventim AG. KGaA's Debt-to-Equity

For the Entertainment subindustry, CTS Eventim AG. KGaA'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.

CTS Eventim AG. KGaA's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CTS Eventim AG. KGaA's Debt-to-Equity distribution charts can be found below:

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

CTS Eventim AG. KGaA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CTS Eventim AG. KGaA'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
	=	(25.008	+	110.935)	/	977.987
	=	0.14

CTS Eventim AG. KGaA'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
	=	(25.008	+	110.935)	/	977.987
	=	0.14

CTS Eventim AG. KGaA (OTCPK:CEVMF) 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.

CTS Eventim AG. KGaA Debt-to-Equity Related Terms

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

CTS Eventim AG. KGaA (CTS Eventim AG. KGaA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CTS Eventim AG & Co. KGaA (OTCPK:CEVMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CEVMY:USA EVDd:UK 0EEE:UK EVD:Germany EVD:Austria

Address

Contrescarpe 75 A, Bremen, HB, DEU, 28195

Website

https://www.eventim.de

CTS Eventim AG & Co. KGaA is a diversified media company that focuses on the ticketing market. The business is divided into two segments, ticketing, and live entertainment. The ticketing segment produces, sells, and distributes tickets for a variety of leisure-based events. The company sells tickets for concerts, sports, theater events, and provides travel services as well. The live entertainment business segment plans and organizes tour events, largely for music-based concerts. The company generates the vast majority of its revenue in Germany.

CTS Eventim AG. KGaA (CTS Eventim AG. KGaA) Headlines

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