Kering (Kering) Debt-to-Equity

: 1.13 (As of Dec. 2023)

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Kering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,581 Mil. Kering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15,128 Mil. Kering's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $16,589 Mil. Kering's debt to equity for the quarter that ended in Dec. 2023 was 1.13.

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

PPRUY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.63 Max: 1.13
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of Kering was 1.13. The lowest was 0.40. And the median was 0.63.

PPRUY's Debt-to-Equity is ranked worse than
71.29% of 1003 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs PPRUY: 1.13

Kering Debt-to-Equity Historical Data

The historical data trend for Kering'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.

Kering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.87

0.78

0.72

0.80

1.13

Kering 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																0.72	0.84	0.80	0.79	1.13

Competitive Comparison

For the Luxury Goods subindustry, Kering'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.

Kering Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Kering's Debt-to-Equity distribution charts can be found below:

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

Kering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kering'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
	=	(3581.243	+	15127.59)	/	16588.877
	=	1.13

Kering'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
	=	(3581.243	+	15127.59)	/	16588.877
	=	1.13

Kering (OTCPK:PPRUY) 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.

Kering Debt-to-Equity Related Terms

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

Kering (Kering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kering SA (OTCPK:PPRUY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PPRUF:USA KER:Italy KERp:UK 0IIH:UK KER:France PPXB:Germany KER:Austria

Address

40 Rue de Sevres, Paris, FRA, 75007

Website

https://www.kering.com

Kering is the world's second-largest luxury goods conglomerate after LVMH. Its flagship brand is Gucci, which accounts for over 50% of revenue and almost 70% of operating profits. Its other leading brands include Bottega Veneta and Saint Laurent. Other smaller luxury brands (in ready-to-wear, leather goods, and jewellery) generate 19% of sales. Alexander McQueen, Balenciaga, and Boucheron are part of Kering's portfolio.

Kering (Kering) Headlines

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