Danieli & C. Officine Meccaniche SpA (LTS:0APM) Debt-to-Equity : 0.23 (As of Jun. 2024)

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What is Danieli & C. Officine Meccaniche SpA Debt-to-Equity?

Danieli & C. Officine Meccaniche SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €94 Mil. Danieli & C. Officine Meccaniche SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €511 Mil. Danieli & C. Officine Meccaniche SpA's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €2,627 Mil. Danieli & C. Officine Meccaniche SpA's debt to equity for the quarter that ended in Jun. 2024 was 0.23.

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 Danieli & C. Officine Meccaniche SpA's Debt-to-Equity or its related term are showing as below:

LTS:0APM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.28 Max: 0.32
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Danieli & C. Officine Meccaniche SpA was 0.32. The lowest was 0.13. And the median was 0.28.

LTS:0APM's Debt-to-Equity is ranked better than
57.28% of 2615 companies
in the Industrial Products industry
Industry Median: 0.29 vs LTS:0APM: 0.23

Danieli & C. Officine Meccaniche SpA Debt-to-Equity Historical Data

The historical data trend for Danieli & C. Officine Meccaniche 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.

Danieli & C. Officine Meccaniche SpA Debt-to-Equity Chart

Danieli & C. Officine Meccaniche SpA Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.31

0.29

0.25

0.13

0.23

Danieli & C. Officine Meccaniche SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.10	0.13	0.24	0.23

Competitive Comparison of Danieli & C. Officine Meccaniche SpA's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Danieli & C. Officine Meccaniche 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.

Danieli & C. Officine Meccaniche SpA's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Danieli & C. Officine Meccaniche SpA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Danieli & C. Officine Meccaniche SpA's Debt-to-Equity falls into.

Danieli & C. Officine Meccaniche SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Danieli & C. Officine Meccaniche SpA's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(93.916	+	511.138)	/	2627.221
	=	0.23

Danieli & C. Officine Meccaniche SpA's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(93.916	+	511.138)	/	2627.221
	=	0.23

Danieli & C. Officine Meccaniche SpA (LTS:0APM) 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.

Danieli & C. Officine Meccaniche SpA Debt-to-Equity Related Terms

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Danieli & C. Officine Meccaniche SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Danieli & C. Officine Meccaniche SpA (LTS:0APM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DANR:Italy DAN:Italy DANRm:UK DANm:UK 0N4I:UK DAS:Germany

Address

Via Nazionale 41, Buttrio, Udine, ITA, 33042

Website

https://www.danieli.com

Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.

Danieli & C. Officine Meccaniche SpA Headlines

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