Enel SpA (Enel SpA) Debt-to-Equity

: 2.36 (As of Dec. 2023)

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Enel SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15,109 Mil. Enel SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $66,614 Mil. Enel SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $34,629 Mil. Enel SpA's debt to equity for the quarter that ended in Dec. 2023 was 2.36.

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

ENLAY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.43 Med: 1.9 Max: 3.12
Current: 2.36

During the past 13 years, the highest Debt-to-Equity Ratio of Enel SpA was 3.12. The lowest was 1.43. And the median was 1.90.

ENLAY's Debt-to-Equity is ranked worse than
90.72% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs ENLAY: 2.36

Enel SpA Debt-to-Equity Historical Data

The historical data trend for Enel 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.

Enel SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.00

2.07

2.39

3.12

2.36

Enel 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																3.12	2.49	2.42	2.25	2.36

Competitive Comparison

For the Utilities - Diversified subindustry, Enel 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.

Enel SpA Debt-to-Equity Distribution

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

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

Enel SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Enel 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
	=	(15109.051	+	66613.959)	/	34629.226
	=	2.36

Enel 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
	=	(15109.051	+	66613.959)	/	34629.226
	=	2.36

Enel SpA (OTCPK:ENLAY) 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.

Enel SpA Debt-to-Equity Related Terms

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Enel SpA (Enel SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Enel SpA (OTCPK:ENLAY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ESOCF:USA ENEL:Italy ENELm:UK 0NRE:UK ENL:Germany ENL:Germany ENLA:Germany ENL:Germany ENEL:Austria

Address

Viale Regina Margherita, 137, Rome, ITA, 00198

Website

https://www.enel.com

Enel is a diversified energy company domiciled in Italy. Operations are concentrated in Italy, Spain, and Latin America. The firm's primary activities are electric generation, electric networks, and gas and electricity marketing. Around 50% of the company's EBITDA is derived from its regulated networks. Taking into account power sold through power purchase agreements in Latin America, around 70% of EBITDA is quasi-regulated. Enel is a giant in global power generation with 86 gigawatts of capacity, of which 39 GW is renewables, including a large share of hydro.

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