Centrale del Latte d'Italia SpA (MIL:CLI) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is Centrale del Latte d'Italia SpA Debt-to-Equity?

Centrale del Latte d'Italia SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €9.7 Mil. Centrale del Latte d'Italia SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €11.5 Mil. Centrale del Latte d'Italia SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €66.6 Mil. Centrale del Latte d'Italia SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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 Centrale del Latte d'Italia SpA's Debt-to-Equity or its related term are showing as below:

MIL:CLI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.5 Max: 1.39
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Centrale del Latte d'Italia SpA was 1.39. The lowest was 0.07. And the median was 0.50.

MIL:CLI's Debt-to-Equity is ranked better than
57.18% of 1637 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs MIL:CLI: 0.32

Centrale del Latte d'Italia SpA Debt-to-Equity Historical Data

The historical data trend for Centrale del Latte d'Italia 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.

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Centrale del Latte d'Italia SpA Debt-to-Equity Chart

Centrale del Latte d'Italia SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.07

0.17

0.23

0.32

Centrale del Latte d'Italia SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.23	0.19	0.17	0.32

Competitive Comparison of Centrale del Latte d'Italia SpA's Debt-to-Equity

For the Packaged Foods subindustry, Centrale del Latte d'Italia 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.

Centrale del Latte d'Italia SpA's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Centrale del Latte d'Italia SpA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Centrale del Latte d'Italia SpA's Debt-to-Equity falls into.

Centrale del Latte d'Italia SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Centrale del Latte d'Italia SpA'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
	=	(9.674	+	11.458)	/	66.632
	=	0.32

Centrale del Latte d'Italia SpA'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
	=	(9.674	+	11.458)	/	66.632
	=	0.32

Centrale del Latte d'Italia SpA (MIL:CLI) 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.

Centrale del Latte d'Italia SpA Debt-to-Equity Related Terms

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Centrale del Latte d'Italia SpA (MIL:CLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Centrale del Latte d'Italia SpA (MIL:CLI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Filadelfia, 220, Turin, ITA, 10137

Website

https://www.centralelatte.torino.it

Centrale del Latte d'Italia SpA is engaged in processing, transforming, and selling milk and dairy products, fresh vegetables, and packaged products. The business company operates in segments that include Fresh Milk, Extended Shelf Life Milk, UHT Milk, Yogurt, Fourth range products, Bulk Milk and Cream, Non-dairy products, and Other Packaged Products. The Fresh Milk segment generates maximum revenue for the company.

Centrale del Latte d'Italia SpA (MIL:CLI) Headlines

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