Geox SpA (Geox SpA) Debt-to-Equity

: 4.01 (As of Jun. 2023)

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Geox SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $98.1 Mil. Geox SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $301.3 Mil. Geox SpA's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $99.6 Mil. Geox SpA's debt to equity for the quarter that ended in Jun. 2023 was 4.01.

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

GXSBF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.26 Max: 4.01
Current: 4.07

During the past 13 years, the highest Debt-to-Equity Ratio of Geox SpA was 4.01. The lowest was 0.07. And the median was 0.26.

GXSBF's Debt-to-Equity is ranked worse than
96.89% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.45 vs GXSBF: 4.07

Geox SpA Debt-to-Equity Historical Data

The historical data trend for Geox 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.

Geox SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.14

2.66

2.72

2.95

Geox SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity																2.72	2.60	2.95	4.01	-

Competitive Comparison

For the Footwear & Accessories subindustry, Geox 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.

Geox SpA Debt-to-Equity Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Geox SpA's Debt-to-Equity distribution charts can be found below:

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

Geox SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Geox SpA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(77.448	+	260.774)	/	114.629
	=	2.95

Geox SpA's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(98.067	+	301.312)	/	99.595
	=	4.01

Geox SpA (OTCPK:GXSBF) 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.

Geox SpA Debt-to-Equity Related Terms

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Geox SpA (Geox SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Geox SpA (OTCPK:GXSBF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GEO:Italy 0KHH:UK GHH:Germany

Address

Via Feltrina Centro, 16, Biadene di Montebelluna, Treviso, ITA, 31044

Website

https://www.geox.biz

Geox SpA is engaged in the production and sales of footwear and apparel to retail and end-customers under the Geox brand. Due to technological solutions. It also grants distribution rights and the use of the brand name to third parties in the markets where it has no direct presence. The operating segments of the group are based on its products, namely Footwear and Apparel. It derives a majority of the revenue from the Footwear segment which relates to the sale of footwear products. The company has a commercial presence in Italy, Europe, North America, and other countries where its key revenue comes from Europe.