ECNLF (Aquafil SpA) Debt-to-Equity : 0.05 (As of Sep. 2024)

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What is Aquafil SpA Debt-to-Equity?

Aquafil SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.9 Mil. Aquafil SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $3.7 Mil. Aquafil SpA's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $127.3 Mil. Aquafil SpA's debt to equity for the quarter that ended in Sep. 2024 was 0.05.

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

ECNLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 2.1 Max: 3.37
Current: 0.05

During the past 8 years, the highest Debt-to-Equity Ratio of Aquafil SpA was 3.37. The lowest was 0.04. And the median was 2.10.

ECNLF's Debt-to-Equity is ranked better than
88.59% of 938 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42 vs ECNLF: 0.05

Aquafil SpA Debt-to-Equity Historical Data

The historical data trend for Aquafil 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.

Aquafil SpA Debt-to-Equity Chart

Aquafil SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.39

3.37

2.19

2.10

3.28

Aquafil SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-	3.28	0.04	0.04	0.05

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

For the Textile Manufacturing subindustry, Aquafil 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.

Aquafil SpA's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Aquafil SpA's Debt-to-Equity distribution charts can be found below:

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

Aquafil SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aquafil SpA'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
	=	(111.823	+	336.685)	/	136.589
	=	3.28

Aquafil SpA's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2.938	+	3.681)	/	127.309
	=	0.05

Aquafil SpA (OTCPK:ECNLF) 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.

Aquafil SpA Debt-to-Equity Related Terms

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Aquafil SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aquafil SpA (OTCPK:ECNLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ECNL:Italy 0ROH:UK 6W7:Germany

Address

Via Linfano, 9, Arco, Trento, ITA, 38062

Website

https://www.aquafil.com

Aquafil SpA is engaged in the business of manufacturing polyamides. It produces and sells fibers and polymers, principally polyamide 6, scale through the: BCF Product Line (carpet fibers), or synthetic yarns mainly intended for the textile flooring sector and used in contract segments (hotels, airports, offices, etc.), residential buildings and the automotive market; NTF Product Line (clothing fibers), or synthetic yarns mainly intended for the clothing sector (sportswear, classic, technical or specialist apparel); Polymers Product Line, or plastic raw materials, mainly targeting the engineering plastics sector for subsequent use in the molding industry. Its products are also sold on the market under the ECONYL brand.