Radius Recycling (FRA:SS1A) Debt-to-Equity : 0.58 (As of Feb. 2024)

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What is Radius Recycling Debt-to-Equity?

Radius Recycling's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €24 Mil. Radius Recycling's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €432 Mil. Radius Recycling's Total Stockholders Equity for the quarter that ended in Feb. 2024 was €783 Mil. Radius Recycling's debt to equity for the quarter that ended in Feb. 2024 was 0.58.

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

FRA:SS1A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.41 Max: 0.83
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Radius Recycling was 0.83. The lowest was 0.15. And the median was 0.41.

FRA:SS1A's Debt-to-Equity is ranked worse than
61.84% of 553 companies
in the Steel industry
Industry Median: 0.4 vs FRA:SS1A: 0.58

Radius Recycling Debt-to-Equity Historical Data

The historical data trend for Radius Recycling'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.

Radius Recycling Debt-to-Equity Chart

Radius Recycling Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.15

0.37

0.25

0.39

0.40

Radius Recycling Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.46	0.50	0.40	0.45	0.58

Competitive Comparison of Radius Recycling's Debt-to-Equity

For the Steel subindustry, Radius Recycling'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.

Radius Recycling's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Radius Recycling's Debt-to-Equity distribution charts can be found below:

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

Radius Recycling Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Radius Recycling's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(23.519	+	311.473)	/	832.801
	=	0.40

Radius Recycling's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(23.537	+	432.054)	/	782.793
	=	0.58

Radius Recycling (FRA:SS1A) 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.

Radius Recycling Debt-to-Equity Related Terms

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Radius Recycling (FRA:SS1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Radius Recycling Inc (FRA:SS1A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RDUS:USA

Address

299 SW Clay Street, Suite 350, Portland, OR, USA, 97201

Website

https://www.radiusrecycling.com

Schnitzer Steel Industries Inc is one of the ferrous and nonferrous scrap metal recyclers in the U.S. Its metal recycling business collects and recycles auto bodies, rail cars, appliances, machinery, and construction demolition. Additionally, Schnitzer operates an auto-parts business that purchases obsolete vehicles and sells any useful parts to retail customers and a steelmaking business that supplies construction products along the U.S. West Coast.

Radius Recycling (FRA:SS1A) Headlines

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