Culti Milano SpA (MIL:CULT) Debt-to-Equity : 1.49 (As of Jun. 2023)

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What is Culti Milano SpA Debt-to-Equity?

Culti Milano SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €3.75 Mil. Culti Milano SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €6.57 Mil. Culti Milano SpA's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €6.93 Mil. Culti Milano SpA's debt to equity for the quarter that ended in Jun. 2023 was 1.49.

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 Culti Milano SpA's Debt-to-Equity or its related term are showing as below:

MIL:CULT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.39 Max: 1.49
Current: 1.49

During the past 6 years, the highest Debt-to-Equity Ratio of Culti Milano SpA was 1.49. The lowest was 0.12. And the median was 0.39.

MIL:CULT's Debt-to-Equity is ranked worse than
79.4% of 1000 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs MIL:CULT: 1.49

Culti Milano SpA Debt-to-Equity Historical Data

The historical data trend for Culti Milano 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.

* Premium members only.

Culti Milano SpA Debt-to-Equity Chart

Culti Milano SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.12

0.26

0.21

Culti Milano SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial								0.26	0.39	0.21	0.47	1.49

Competitive Comparison of Culti Milano SpA's Debt-to-Equity

For the Luxury Goods subindustry, Culti Milano 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.

Culti Milano SpA's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Culti Milano SpA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Culti Milano SpA's Debt-to-Equity falls into.

Culti Milano SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Culti Milano SpA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(0	+	2.5)	/	11.975
	=	0.21

Culti Milano SpA'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
	=	(3.752	+	6.569)	/	6.929
	=	1.49

Culti Milano SpA (MIL:CULT) 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.

Culti Milano SpA Debt-to-Equity Related Terms

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Culti Milano SpA (MIL:CULT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Culti Milano SpA (MIL:CULT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Santa Sofia 27, Milan, ITA, 20122

Website

http://www.culti.com

Culti Milano SpA develops fragrances, cosmetics and home accessories designed for every area of the house. It offers diffusers, refills, home sprays, candles, complements such as car sachets, home sachets, and leather pochettes.

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