Symrise AG (WBO:SY1) Debt-to-Equity

: 0.71 (As of Dec. 2023)

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Symrise AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €63 Mil. Symrise AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,496 Mil. Symrise AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €3,631 Mil. Symrise AG's debt to equity for the quarter that ended in Dec. 2023 was 0.70.

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

WBO:SY1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.89 Max: 1.05
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Symrise AG was 1.05. The lowest was 0.57. And the median was 0.89.

WBO:SY1's Debt-to-Equity is ranked worse than
74.37% of 1393 companies
in the Chemicals industry
Industry Median: 0.35 vs WBO:SY1: 0.71

Symrise AG Debt-to-Equity Historical Data

The historical data trend for Symrise AG'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.

Symrise AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.86

0.90

0.57

0.72

0.71

Symrise AG 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																0.57	0.78	0.72	0.80	0.71

Competitive Comparison

For the Specialty Chemicals subindustry, Symrise AG'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.

Symrise AG Debt-to-Equity Distribution

For the Chemicals industry and Basic Materials sector, Symrise AG's Debt-to-Equity distribution charts can be found below:

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

Symrise AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Symrise AG'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
	=	(62.93	+	2495.742)	/	3631.272
	=	0.70

Symrise AG'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
	=	(62.93	+	2495.742)	/	3631.272
	=	0.70

Symrise AG (WBO:SY1) 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.

Symrise AG Debt-to-Equity Related Terms

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Symrise AG (WBO:SY1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Symrise AG (WBO:SY1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SYIEY:USA SYIEF:USA SY1:Mexico SY1d:UK 0G6T:UK SY1:Germany

Address

Muhlenfeldstrasse 1, Holzminden, ST, DEU, 37603

Website

https://www.symrise.com

Symrise is a global supplier of ingredients for fragrances and flavourings across the food, beverage, household products, and pharmaceutical industries. With an estimated 12% market share, it is the world's fourth-largest supplier of fragrances and flavourings. The company was created after a 2003 merger of two companies that originated in 1874 and 1919. With 9,000 employees, Symrise produces 30,000 products sourced from 10,000 mostly natural raw materials such as vanilla, citrus, blossoms, and plant or animal materials for more than 6,000 customers.

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