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Leonardo SpAFINMF +1.35%79 Debt-to-Equity is 0.06 as of Mar. 2026, which is 91% below its 10-year median of 0.64. GuruFocus rates FINMF with a GF Score™ of 79/100 and a GF Value™ of $35.03 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 313 Aerospace & Defense companies, Leonardo SpA ranks better than 82.75% on this metric.
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 Leonardo SpA's Debt-to-Equity or its related term are showing as below:
FINMF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.64 Max: 1.16
Current: 0.06
During the past 13 years, the highest Debt-to-Equity Ratio of Leonardo SpA was 1.16. The lowest was 0.06. And the median was 0.64.
FINMF's Debt-to-Equity is ranked better than 82.75% of 313
companies
in the Aerospace & Defense industry
Industry Median: 0.31
vs FINMF: 0.06
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.
Leonardo SpA Debt-to-Equity Related Terms
Leonardo SpA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Leonardo 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.
For the Aerospace & Defense subindustry, Leonardo 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.
Leonardo SpA Debt-to-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Leonardo SpA's Debt-to-Equity falls into.
* 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.
Leonardo SpA (FINMF) has a Debt-to-Equity of 0.06 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Leonardo SpA and its competitors. This is 91% below median its historical median of 0.64. Over the past decade, Leonardo SpA's Debt-to-Equity has ranged from 0.06 to 1.16. According to the industry distribution chart, Leonardo SpA ranks #54 out of 313 companies in the Aerospace & Defense industry, placing it in the top 17.3%.
Is Leonardo SpA's Debt-to-Equity too high?
Leonardo SpA's current Debt-to-Equity of 0.06 is 91% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 1.16. The Aerospace & Defense industry median Debt-to-Equity is 0.31. Leonardo SpA's value of 0.06 is 80.6% below this industry median. Based on the distribution chart, Leonardo SpA ranks #54 out of 313 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Leonardo SpA has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo SpA's Debt-to-Equity compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Leonardo SpA ranks #54 out of 313 companies for Debt-to-Equity. This places Leonardo SpA in the top 17% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.31. Leonardo SpA's value of 0.06 is 80.6% below this benchmark. Historically, Leonardo SpA's own Debt-to-Equity has ranged from 0.06 to 1.16 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.31, Leonardo SpA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Aerospace & Defense company?
The median Debt-to-Equity among Aerospace & Defense companies is 0.31, based on 313 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Leonardo SpA's current Debt-to-Equity of 0.06 is 80.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Leonardo SpA and its competitors. For the Aerospace & Defense industry, the median Debt-to-Equity is 0.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leonardo SpA's current Debt-to-Equity is 0.06, which is 91% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leonardo SpA stock overvalued right now?
Based on GuruFocus' analysis, Leonardo SpA (FINMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $35.03, compared to a current price of $58.98 — trading 68.4% above its estimated fair value. The current Debt-to-Equity is 0.06, which is 91% below median its 10-year median of 0.64 and 80.6% below the Aerospace & Defense industry median of 0.31. Leonardo SpA's overall GF Score™ is 79/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Leonardo SpA (FINMF), the current Debt-to-Equity is 0.06 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Leonardo SpA (FINMF) Overvalued in 2026?
Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued.
The current stock price of $58.98 is trading 68.4% above its estimated GF Value™ of $35.03.
GuruFocus considers Leonardo SpA to be Significantly Overvalued.
Key valuation signals for FINMF:
Debt-to-Equity: 0.06 (91% below median its 10-year median of 0.64)
GF Value™: $35.03 vs. price of $58.98 (68.4% above fair value)
Industry Position: 80.6% below the Aerospace & Defense median (#54 of 313)
No single metric tells the full story. See the FINMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leonardo is a leading European security firm, with 30.2% of shares owned by the Italian government. Divisions include helicopters, defence electronics & security, aeronautics, cyber & security solutions, and space.The helicopter division serves both military and civil markets. Defence electronics & security accesses the US market through the Leonardo DRS subsidiary. Aeronautics integrates aircraft and aerostructures, participating in major programs like Eurofighter, F-35, and the Global Combat Air Programme, or GCAP. It also supplies large structural components to major commercial aircraft programs. Leonardo is currently evolving from a defense firm into a data-driven global security company.
79GF Score
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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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