Magnit PJSC (MIC:MGNT) Debt-to-Equity: 3.64 (As of Jun. 2023)

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MIC:MGNT Magnit PJSC MIC:MGNT
17 GF Score
Price ₽1,671.00
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What is Magnit PJSC Debt-to-Equity?

Magnit PJSC MIC:MGNT +3.50% 17 Debt-to-Equity is 3.64 as of Jun. 2023. GuruFocus rates MIC:MGNT with a GF Score™ of 17/100.

Magnit PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽195,137 Mil. Magnit PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽680,046 Mil. Magnit PJSC's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ₽240,397 Mil. Magnit PJSC's debt to equity for the quarter that ended in Jun. 2023 was 3.64.

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

MIC:MGNT's Debt-to-Equity is not ranked *
in the Retail - Defensive industry.
Industry Median: 0.555
* Ranked among companies with meaningful Debt-to-Equity only.

Magnit PJSC  (MIC:MGNT) 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.

Magnit PJSC Debt-to-Equity Related Terms

Magnit PJSC Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Magnit PJSC'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.

Magnit PJSC Debt-to-Equity Chart

Magnit PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.29 2.87 2.86 4.06 4.18

Magnit PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.46 4.06 3.54 4.18 3.64

MIC:MGNT vs WMT, COST, TGT: Debt-to-Equity Comparison

For the Discount Stores subindustry, Magnit PJSC'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.

Magnit PJSC Debt-to-Equity vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Debt-to-Equity distribution charts can be found below:

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


MIC:MGNT
17GF Score
Magnit PJSC MIC:MGNT
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Magnit PJSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magnit PJSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
=(208305.097 + 658798.903) / 207382.304
=4.18

Magnit PJSC's Debt to Equity Ratio for the quarter 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
=(195137.164 + 680045.907) / 240397.403
=3.64

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 3.64 mean?
Magnit PJSC (MIC:MGNT) has a Debt-to-Equity of 3.64 as of Jun. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Magnit PJSC and its competitors.
Is Magnit PJSC's Debt-to-Equity too high?
Magnit PJSC's current Debt-to-Equity is 3.64. The Retail - Defensive industry median Debt-to-Equity is 0.56. Magnit PJSC's value of 3.64 is 555.9% above this industry median. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's Debt-to-Equity compare to WMT and COST?
Magnit PJSC's Debt-to-Equity of 3.64 can be compared against companies in the Retail - Defensive industry. The industry median Debt-to-Equity is 0.56. Magnit PJSC's value of 3.64 is 555.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Retail - Defensive company?
The median Debt-to-Equity among Retail - Defensive companies is 0.56, based on 282 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Magnit PJSC's current Debt-to-Equity of 3.64 is 555.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Magnit PJSC and its competitors. For the Retail - Defensive industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnit PJSC's current Debt-to-Equity is 3.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current Debt-to-Equity of 3.64. The current Debt-to-Equity is 3.64 and 555.9% above the Retail - Defensive industry median of 0.56. Magnit PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Magnit PJSC (MIC:MGNT), the current Debt-to-Equity is 3.64 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Magnit PJSC Business Description

Address 15/5, Solnechnaya Street, Krasnodar, RUS, 350072
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
17GF Score

Get the complete analysis for MIC:MGNT

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₽1,671.00
Price