Elvalhalcor (ATH:ELHA) Debt-to-Equity : 0.82 (As of Jun. 2024)

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What is Elvalhalcor Debt-to-Equity?

Elvalhalcor's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €168 Mil. Elvalhalcor's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €630 Mil. Elvalhalcor's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €974 Mil. Elvalhalcor's debt to equity for the quarter that ended in Jun. 2024 was 0.82.

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

ATH:ELHA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.94 Max: 7.64
Current: 0.82

During the past 13 years, the highest Debt-to-Equity Ratio of Elvalhalcor was 7.64. The lowest was 0.48. And the median was 0.94.

ATH:ELHA's Debt-to-Equity is ranked worse than
81.49% of 2615 companies
in the Industrial Products industry
Industry Median: 0.29 vs ATH:ELHA: 0.82

Elvalhalcor Debt-to-Equity Historical Data

The historical data trend for Elvalhalcor'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.

Elvalhalcor Debt-to-Equity Chart

Elvalhalcor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.82

0.85

1.11

1.03

0.91

Elvalhalcor Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.13	1.03	0.99	0.91	0.82

Competitive Comparison of Elvalhalcor's Debt-to-Equity

For the Metal Fabrication subindustry, Elvalhalcor'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.

Elvalhalcor's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Elvalhalcor's Debt-to-Equity distribution charts can be found below:

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

Elvalhalcor Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elvalhalcor'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
	=	(151.514	+	702.353)	/	939.617
	=	0.91

Elvalhalcor's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(167.785	+	629.979)	/	973.865
	=	0.82

Elvalhalcor (ATH:ELHA) 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.

Elvalhalcor Debt-to-Equity Related Terms

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

Elvalhalcor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elvalhalcor SA (ATH:ELHA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HC6A:Germany

Address

2-4 Mesogeion Avenue, Athens Tower, 2nd Building, Athens, GRC, GR-115 27

Website

https://www.elvalhalcor.com

Elvalhalcor SA is a Greece-based company, engaged in the production, processing, and marketing of copper and aluminum products. The company's operating segment includes Copper products and Aluminium products. It generates maximum revenue from the Copper products segment. The company serves Automotive and shipbuilding; Packaging; Energy and power networks; Renewable energy; Industrial applications; Heating, ventilation, air conditioning and refrigeration (HVAC&R), and Building and construction markets. Some of its products include Flat rolled aluminium products and solutions; Aluminium foil and aluminium flexible-packaging materials; Copper tubes with or without plastic coating or industrial insulation and others.

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