Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Adventure SpAMIL:ADV +0.76%16 Debt-to-Equity is 0.00 as of Dec. 2025. GuruFocus rates MIL:ADV with a GF Score™ of 16/100. The stock has 6 warning signs investors should review. Among 2,248 Software companies, Adventure SpA ranks worse than 87.41% on this metric.
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 Adventure SpA's Debt-to-Equity or its related term are showing as below:
MIL:ADV'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.91 Med: 1.35 Max: 3.66
Current: 1.17
During the past 4 years, the highest Debt-to-Equity Ratio of Adventure SpA was 3.66. The lowest was 0.91. And the median was 1.35.
MIL:ADV's Debt-to-Equity is ranked worse than 87.41% of 2248
companies
in the Software industry
Industry Median: 0.2
vs MIL:ADV: 1.17
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.
Adventure SpA Debt-to-Equity Related Terms
Adventure SpA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Adventure 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.
MIL:ADV vs QH, SHOP, UBER: Debt-to-Equity Comparison
For the Software - Application subindustry, Adventure 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.
Adventure SpA Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Adventure SpA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Adventure SpA's Debt-to-Equity falls into.
* 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.
Adventure SpA (MIL:ADV) has a Debt-to-Equity of 0.00 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Adventure SpA and its competitors. Over the past decade, Adventure SpA's Debt-to-Equity has ranged from 0.91 to 3.66. According to the industry distribution chart, Adventure SpA ranks #1965 out of 2248 companies in the Software industry, placing it in the top 87.4%.
Is Adventure SpA's Debt-to-Equity too high?
Adventure SpA's current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 3.66. Based on the distribution chart, Adventure SpA ranks #1965 out of 2248 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Adventure SpA has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Adventure SpA's Debt-to-Equity compare to QH and SHOP?
According to the Software industry distribution chart, Adventure SpA ranks #1965 out of 2248 companies for Debt-to-Equity. This places Adventure SpA in the lower half of its industry. The industry median Debt-to-Equity is 0.20. Historically, Adventure SpA's own Debt-to-Equity has ranged from 0.91 to 3.66 over the past decade. 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 Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,248 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. 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 Adventure SpA and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adventure SpA's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure SpA stock overvalued right now?
Adventure SpA (MIL:ADV) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. Adventure SpA's overall GF Score™ is 16/100 with 6 warning signs to review. 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 Adventure SpA (MIL:ADV), the current Debt-to-Equity is 0.00 as of Dec. 2025. 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.
Adventure SpA operates as an online rate comparison platform. The company is engaged in providing carious services that includes lead generation solutions, Advertising solutions, Web development solutions, operational efficiency improvement, and others. The core business of the company is through the portal ameconviene.it a website dedicated to providing consumers with in-depth and up-to-date services and information on tracking the value for its finances, with a focus on home savings, investments, and smart financial choices.
16GF Score
Get the complete analysis for MIL:ADV
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:ADV has been successfully added to your 
