Magellan Aerospace (FRA:4M7A) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Magellan Aerospace Debt-to-Equity?

Magellan Aerospace's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €12.2 Mil. Magellan Aerospace's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €31.8 Mil. Magellan Aerospace's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €507.9 Mil. Magellan Aerospace's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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

FRA:4M7A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.13 Max: 0.49
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Magellan Aerospace was 0.49. The lowest was 0.08. And the median was 0.13.

FRA:4M7A's Debt-to-Equity is ranked better than
83.72% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.415 vs FRA:4M7A: 0.09

Magellan Aerospace Debt-to-Equity Historical Data

The historical data trend for Magellan Aerospace'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.

Magellan Aerospace Debt-to-Equity Chart

Magellan Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.09

0.10

Magellan Aerospace Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.10	0.10	0.10	0.09

Competitive Comparison of Magellan Aerospace's Debt-to-Equity

For the Aerospace & Defense subindustry, Magellan Aerospace'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.

Magellan Aerospace's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's Debt-to-Equity distribution charts can be found below:

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

Magellan Aerospace Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magellan Aerospace'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
	=	(17.069	+	33.137)	/	501.725
	=	0.10

Magellan Aerospace's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(12.19	+	31.84)	/	507.885
	=	0.09

Magellan Aerospace (FRA:4M7A) 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.

Magellan Aerospace Debt-to-Equity Related Terms

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Magellan Aerospace (FRA:4M7A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (FRA:4M7A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MALJF:USA 4M7A:Germany MAL:Canada

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.

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