Renault (WBO:RNO) Debt-to-Equity

: 2.19 (As of Dec. 2023)

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Renault's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €56,623 Mil. Renault's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €8,460 Mil. Renault's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €29,752 Mil. Renault's debt to equity for the quarter that ended in Dec. 2023 was 2.19.

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

WBO:RNO' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.42 Med: 1.59 Max: 2.56
Current: 2.19

During the past 13 years, the highest Debt-to-Equity Ratio of Renault was 2.56. The lowest was 1.42. And the median was 1.59.

WBO:RNO's Debt-to-Equity is ranked worse than
93.28% of 1175 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs WBO:RNO: 2.19

Renault Debt-to-Equity Historical Data

The historical data trend for Renault'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.

Renault Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.69

2.56

2.23

2.17

2.19

Renault 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																2.23	2.12	2.17	2.13	2.19

Competitive Comparison

For the Auto Manufacturers subindustry, Renault'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.

Renault Debt-to-Equity Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Renault's Debt-to-Equity distribution charts can be found below:

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

Renault Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Renault'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
	=	(56623	+	8460)	/	29752
	=	2.19

Renault'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
	=	(56623	+	8460)	/	29752
	=	2.19

Renault (WBO:RNO) 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.

Renault Debt-to-Equity Related Terms

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Renault (WBO:RNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Renault SA (WBO:RNO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RNSDF:USA RNLSY:USA RNO:Italy RNOp:UK 0NQF:UK RNO:France RNL:Germany

Address

13-15, quai Le Gallo, Boulogne, Billancourt, FRA, 92100

Website

http://www.renault.com

Renault possesses a global alliance of automotive manufacturing, financing, and sales operations. The company's alliance partners consist of Dacia (99.4%), Nissan (43.7%), Renault Samsung Motors (80.0%), and Mitsubishi (Nissan owns 34%). Total 2022 Renault-Nissan-Mitsubishi alliance sales volume of 6.4 million vehicles makes the alliance the fourth-largest vehicle group in the world, behind Toyota at 10.3 million, Volkswagen at 8.5 million, and Hyundai/Kia at 6.8 million vehicles sold.

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