Bureau Veritas (LTS:0MH1) Debt-to-Equity : 1.87 (As of Jun. 2024)

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What is Bureau Veritas Debt-to-Equity?

Bureau Veritas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €645 Mil. Bureau Veritas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €2,401 Mil. Bureau Veritas's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €1,630 Mil. Bureau Veritas's debt to equity for the quarter that ended in Jun. 2024 was 1.87.

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

LTS:0MH1' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.31 Med: 2.29 Max: 3.68
Current: 1.87

During the past 13 years, the highest Debt-to-Equity Ratio of Bureau Veritas was 3.68. The lowest was 1.31. And the median was 2.29.

LTS:0MH1's Debt-to-Equity is ranked worse than
86.87% of 914 companies
in the Business Services industry
Industry Median: 0.38 vs LTS:0MH1: 1.87

Bureau Veritas Debt-to-Equity Historical Data

The historical data trend for Bureau Veritas'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.

Bureau Veritas Debt-to-Equity Chart

Bureau Veritas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.93

2.70

1.76

1.64

1.31

Bureau Veritas 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															1.69	1.64	1.79	1.31	1.87

Competitive Comparison of Bureau Veritas's Debt-to-Equity

For the Consulting Services subindustry, Bureau Veritas'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.

Bureau Veritas's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bureau Veritas's Debt-to-Equity distribution charts can be found below:

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

Bureau Veritas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bureau Veritas'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
	=	(138.7	+	2399.4)	/	1936.1
	=	1.31

Bureau Veritas'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
	=	(644.5	+	2401.4)	/	1630
	=	1.87

Bureau Veritas (LTS:0MH1) 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.

Bureau Veritas Debt-to-Equity Related Terms

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Bureau Veritas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bureau Veritas SA (LTS:0MH1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BVVBY:USA BVRDF:USA BVIp:UK BVI:France 4BV:Germany

Address

40/52 Boulevard du Parc, Immeuble Newtime, Neuilly-sur-Seine, FRA, 92200

Website

https://group.bureauveritas.com

Bureau Veritas is involved in the testing, inspection, and certification industry. The company's primary activities involve testing products or materials, inspecting sites/equipment, and certifying products and systems to maintain global standards. BV is one of a handful of companies in the TIC sector that operate globally across numerous industries, including marine, industry, commodities, construction, and consumer products. BV listed in 2007, prior to which it was privately owned by the Wendel Group, who retain a significant holding.

Bureau Veritas Headlines

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