Aveng (FRA:UG8) Debt-to-Equity : 0.68 (As of Dec. 2023)

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What is Aveng Debt-to-Equity?

Aveng's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €19 Mil. Aveng's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €87 Mil. Aveng's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €155 Mil. Aveng's debt to equity for the quarter that ended in Dec. 2023 was 0.68.

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

FRA:UG8' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.51 Max: 1.53
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Aveng was 1.53. The lowest was 0.19. And the median was 0.51.

FRA:UG8's Debt-to-Equity is ranked worse than
64.7% of 1524 companies
in the Construction industry
Industry Median: 0.44 vs FRA:UG8: 0.68

Aveng Debt-to-Equity Historical Data

The historical data trend for Aveng'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.

Aveng Debt-to-Equity Chart

Aveng Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.88

1.53

0.41

0.69

Aveng Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.52	0.41	0.25	0.69	0.68

Competitive Comparison of Aveng's Debt-to-Equity

For the Engineering & Construction subindustry, Aveng'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.

Aveng's Debt-to-Equity Distribution in the Construction Industry

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

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

Aveng Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aveng's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(25.714	+	82.623)	/	156.925
	=	0.69

Aveng's Debt to Equity Ratio for the quarter 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
	=	(18.621	+	86.539)	/	155.191
	=	0.68

Aveng (FRA:UG8) 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.

Aveng Debt-to-Equity Related Terms

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

Aveng (FRA:UG8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Aveng Ltd (FRA:UG8) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AEG:South Africa UG8K:Germany

Address

10 The High Street, 3rd Floor, Melrose Arch, Johannesburg, GT, ZAF, 2076

Website

https://www.aveng.co.za

Aveng Ltd is in the construction and engineering business. It has the following segments. The Construction and Engineering segment specializes in the construction and maintenance of tunnels and pipelines, construction and Engineering: South Africa and rest of Africa; and mineral construction. It comprises McConnell Dowell and is divided into Australia, New Zealand, and Pacific, Built Environs, and Southeast Asia. The Mining segment comprises Moolmans and operates in the open cut and underground mining sectors. Construction and Engineering South Africa segment, Other and Eliminations segment comprises corporate services, Africa construction, corporate held investments, including properties and consolidation eliminations, and Manufacturing and Processing segment.

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