ASTM SpA (ASTM SpA) Debt-to-Equity : 9.51 (As of Dec. 2021)

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What is ASTM SpA Debt-to-Equity?

ASTM SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $1,184 Mil. ASTM SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $7,062 Mil. ASTM SpA's Total Stockholders Equity for the quarter that ended in Dec. 2021 was $867 Mil. ASTM SpA's debt to equity for the quarter that ended in Dec. 2021 was 9.51.

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

ADARY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 1.47 Max: 9.51
Current: 9.51

During the past 13 years, the highest Debt-to-Equity Ratio of ASTM SpA was 9.51. The lowest was 0.75. And the median was 1.47.

ADARY's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.44 vs ADARY: 9.51

ASTM SpA Debt-to-Equity Historical Data

The historical data trend for ASTM 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.

ASTM SpA Debt-to-Equity Chart

ASTM SpA Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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1.24

1.47

1.19

1.11

9.51

ASTM SpA Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Debt-to-Equity	Get a 7-Day Free Trial															1.19	1.27	1.11	1.24	9.51

Competitive Comparison of ASTM SpA's Debt-to-Equity

For the Engineering & Construction subindustry, ASTM 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.

ASTM SpA's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, ASTM SpA's Debt-to-Equity distribution charts can be found below:

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

ASTM SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ASTM SpA'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
	=	(1184.171	+	7062.324)	/	866.788
	=	9.51

ASTM SpA'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
	=	(1184.171	+	7062.324)	/	866.788
	=	9.51

ASTM SpA (OTCPK:ADARY) 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.

ASTM SpA Debt-to-Equity Related Terms

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

ASTM SpA (ASTM SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ASTM SpA (OTCPK:ADARY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corso Regina Margherita, 165, Turin, ITA, 10144

Website

http://www.astm.it

ASTM SpA is an industrial holding company that manages licensed motorways, large infrastructure works, and construction projects. It designs, develops, and maintains roads, airports, and other infrastructure projects. The company works as a contractor and helps establish new project finance initiatives. ASTM is organized into two main segments. The Motorway Sector operations collects revenue from completed road works through tolls. These are generally multi-decade concessions with municipal governments. The vast majority of these are in Italy and Brazil. The Engineering, Procurement, and Construction (EPC) segment provides design and construction services to infrastructure and civil projects across the globe.

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