Manitou BF (LTS:0NDA) Debt-to-Equity : 0.53 (As of Dec. 2023)

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What is Manitou BF Debt-to-Equity?

Manitou BF's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €305 Mil. Manitou BF's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €165 Mil. Manitou BF's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €895 Mil. Manitou BF's debt to equity for the quarter that ended in Dec. 2023 was 0.53.

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

LTS:0NDA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.26 Max: 0.53
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of Manitou BF was 0.53. The lowest was 0.22. And the median was 0.26.

LTS:0NDA's Debt-to-Equity is ranked worse than
56.99% of 186 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.43 vs LTS:0NDA: 0.53

Manitou BF Debt-to-Equity Historical Data

The historical data trend for Manitou BF'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.

Manitou BF Debt-to-Equity Chart

Manitou BF Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.34

0.27

0.26

0.38

0.53

Manitou BF 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															0.26	0.15	0.38	0.03	0.53

Competitive Comparison of Manitou BF's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Manitou BF'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.

Manitou BF's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Manitou BF's Debt-to-Equity distribution charts can be found below:

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

Manitou BF Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Manitou BF'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
	=	(304.808	+	165.484)	/	894.755
	=	0.53

Manitou BF'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
	=	(304.808	+	165.484)	/	894.755
	=	0.53

Manitou BF (LTS:0NDA) 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.

Manitou BF Debt-to-Equity Related Terms

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

Manitou BF (LTS:0NDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Manitou BF SA (LTS:0NDA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MTU:France 3MU:Germany

Address

430, rue de l'Aubiniere, Ancenis, FRA, 44158

Website

http://www.manitou-group.com

Manitou BF SA is an industrial equipment manufacturer based in France. It is one of the companies in developing all-terrain material handling equipment meant for construction, agricultural and industrial usage. Manitou's product mix is comprised of fixed, rotating and heavyweight all-terrain telescopic forklift-trucks, semi-industrial and industrial all-terrain masted forklift-trucks, compact loaders, aerial work platforms for personnel and warehousing equipment. These products are marketed through well-known brands such as Manitou, Gehl, and Mustang available with dealers throughout the world. Most of its revenue is derived from sales in countries of Northern Europe.

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