Picanol NV (LTS:0FM2) Debt-to-Equity : 0.37 (As of Jun. 2022)

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What is Picanol NV Debt-to-Equity?

Picanol NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was €184 Mil. Picanol NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was €207 Mil. Picanol NV's Total Stockholders Equity for the quarter that ended in Jun. 2022 was €1,069 Mil. Picanol NV's debt to equity for the quarter that ended in Jun. 2022 was 0.37.

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

LTS:0FM2's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Picanol NV Debt-to-Equity Historical Data

The historical data trend for Picanol NV'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.

Picanol NV Debt-to-Equity Chart

Picanol NV Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.71

0.68

0.57

0.42

Picanol NV Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Debt-to-Equity	Get a 7-Day Free Trial															0.60	0.57	0.49	0.42	0.37

Competitive Comparison of Picanol NV's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Picanol NV'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.

Picanol NV's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Picanol NV's Debt-to-Equity distribution charts can be found below:

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

Picanol NV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Picanol NV's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(215.5	+	196.2)	/	992.8
	=	0.41

Picanol NV's Debt to Equity Ratio for the quarter that ended in Jun. 2022 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
	=	(183.9	+	207.4)	/	1068.9
	=	0.37

Picanol NV (LTS:0FM2) 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.

Picanol NV Debt-to-Equity Related Terms

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Picanol NV (LTS:0FM2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Picanol NV (LTS:0FM2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Steverlyncklaan 15, Ieper, BEL, 8900

Website

http://www.picanolgroup.com

Picanol NV is a Belgium-based company that develops, manufactures, and distributes weaving machines, engineered casting solutions, and customized controllers. The company, through Weaving Machines (Picanol), supplies weaving machines to global weaving mills, as well as related services. Picanol also markets accessories via GTP Global Textile Partner. Also, the Picanol Group is involved in other business activities including foundry activities and mechanic finishing activities. The group's operating segment comprises Machines & Technologies; Agro; Bio-valorization; Industrial Solutions; and T-Power.

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