Novolipetsk Steel PJSC (WBO:NLMK) Debt-to-Equity : 0.54 (As of Dec. 2021)

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What is Novolipetsk Steel PJSC Debt-to-Equity?

Novolipetsk Steel PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was €1,331 Mil. Novolipetsk Steel PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was €1,736 Mil. Novolipetsk Steel PJSC's Total Stockholders Equity for the quarter that ended in Dec. 2021 was €5,676 Mil. Novolipetsk Steel PJSC's debt to equity for the quarter that ended in Dec. 2021 was 0.54.

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 Novolipetsk Steel PJSC's Debt-to-Equity or its related term are showing as below:

WBO:NLMK's Debt-to-Equity is not ranked ^*
in the Steel industry.
Industry Median: 0.41
* Ranked among companies with meaningful Debt-to-Equity only.

Novolipetsk Steel PJSC Debt-to-Equity Historical Data

The historical data trend for Novolipetsk Steel PJSC'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.

Novolipetsk Steel PJSC Debt-to-Equity Chart

Novolipetsk Steel PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.34

0.36

0.45

0.74

0.54

Novolipetsk Steel PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Debt-to-Equity	Get a 7-Day Free Trial															0.74	0.55	0.49	0.54	0.54

Competitive Comparison of Novolipetsk Steel PJSC's Debt-to-Equity

For the Steel subindustry, Novolipetsk Steel PJSC'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.

Novolipetsk Steel PJSC's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Novolipetsk Steel PJSC's Debt-to-Equity distribution charts can be found below:

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

Novolipetsk Steel PJSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Novolipetsk Steel PJSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(1331.04	+	1736.37)	/	5676.39
	=	0.54

Novolipetsk Steel PJSC's Debt to Equity Ratio for the quarter that ended in Dec. 2021 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
	=	(1331.04	+	1736.37)	/	5676.39
	=	0.54

Novolipetsk Steel PJSC (WBO:NLMK) 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.

Novolipetsk Steel PJSC Debt-to-Equity Related Terms

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Novolipetsk Steel PJSC (WBO:NLMK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Novolipetsk Steel PJSC (WBO:NLMK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Metallurgov Sq., Lipetsk, RUS, 398040

Website

https://www.nlmk.com

Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

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