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Friends SpAMIL:AMI +0.67%9 Debt-to-Equity is 0.09 as of Dec. 2025, which is 64% below its 10-year median of 0.25. GuruFocus rates MIL:AMI with a GF Score™ of 9/100. Among 832 Media - Diversified companies, Friends SpA ranks better than 72.24% 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 Friends SpA's Debt-to-Equity or its related term are showing as below:
MIL:AMI'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.25 Max: 0.41
Current: 0.09
During the past 2 years, the highest Debt-to-Equity Ratio of Friends SpA was 0.41. The lowest was 0.09. And the median was 0.25.
MIL:AMI's Debt-to-Equity is ranked better than 72.24% of 832
companies
in the Media - Diversified industry
Industry Median: 0.26
vs MIL:AMI: 0.09
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.
Friends SpA Debt-to-Equity Related Terms
Friends SpA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Friends 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.
Friends SpA Debt-to-Equity Chart
Friends SpA Annual Data
Trend
Dec24
Dec25
Debt-to-Equity
0.41
0.09
Friends SpA Semi-Annual Data
Dec24
Jun25
Dec25
Debt-to-Equity
0.41
0.00
0.09
MIL:AMI vs NFLX, DIS, WBD: Debt-to-Equity Comparison
For the Entertainment subindustry, Friends 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.
Friends SpA Debt-to-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Friends SpA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Friends 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.
Friends SpA (MIL:AMI) has a Debt-to-Equity of 0.09 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Friends SpA and its competitors. This is 64% below median its historical median of 0.25. Over the past decade, Friends SpA's Debt-to-Equity has ranged from 0.09 to 0.41. According to the industry distribution chart, Friends SpA ranks #231 out of 832 companies in the Media - Diversified industry, placing it in the top 27.8%.
Is Friends SpA's Debt-to-Equity too high?
Friends SpA's current Debt-to-Equity of 0.09 is 64% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.41. The Media - Diversified industry median Debt-to-Equity is 0.26. Friends SpA's value of 0.09 is 65.4% below this industry median. Based on the distribution chart, Friends SpA ranks #231 out of 832 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Friends SpA has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Friends SpA's Debt-to-Equity compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Friends SpA ranks #231 out of 832 companies for Debt-to-Equity. This puts Friends SpA in the upper half of its industry. The industry median Debt-to-Equity is 0.26. Friends SpA's value of 0.09 is 65.4% below this benchmark. Historically, Friends SpA's own Debt-to-Equity has ranged from 0.09 to 0.41 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.26, Friends SpA has consistently been below the industry average. 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 Media - Diversified company?
The median Debt-to-Equity among Media - Diversified companies is 0.26, based on 832 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. Friends SpA's current Debt-to-Equity of 0.09 is 65.4% below 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 Friends SpA and its competitors. For the Media - Diversified industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Friends SpA's current Debt-to-Equity is 0.09, which is 64% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Friends SpA stock overvalued right now?
Friends SpA (MIL:AMI) has a current Debt-to-Equity of 0.09. The current Debt-to-Equity is 0.09, which is 64% below median its 10-year median of 0.25 and 65.4% below the Media - Diversified industry median of 0.26. Friends SpA's overall GF Score™ is 9/100. 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 Friends SpA (MIL:AMI), the current Debt-to-Equity is 0.09 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.
Friends SpA operates in the live music and events sector. It handles various activities, including concerts, sponsorships, events, television productions, and multimedia. The company is currently organized into several divisions, each specialized and dedicated to different business sectors, pursuing corporate objectives and actively collaborating with each other, combining people and skills: Direction and Management, Concerts, Events & TV, Production, Management, Artist Management, Creative Division, Ticketing, Promotion & Digital Marketing.
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