Doxee SpA (MIL:DOX) Debt-to-Equity : 3.30 (As of Dec. 2023)

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What is Doxee SpA Debt-to-Equity?

Doxee SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.00 Mil. Doxee SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €14.62 Mil. Doxee SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €6.55 Mil. Doxee SpA's debt to equity for the quarter that ended in Dec. 2023 was 3.30.

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

MIL:DOX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.93 Med: 1.51 Max: 630.91
Current: 3.3

During the past 7 years, the highest Debt-to-Equity Ratio of Doxee SpA was 630.91. The lowest was 0.93. And the median was 1.51.

MIL:DOX's Debt-to-Equity is ranked worse than
96.82% of 2201 companies
in the Software industry
Industry Median: 0.2 vs MIL:DOX: 3.30

Doxee SpA Debt-to-Equity Historical Data

The historical data trend for Doxee 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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Doxee SpA Debt-to-Equity Chart

Doxee SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.93

1.51

1.19

1.47

3.30

Doxee SpA Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								1.19	0.68	1.47	2.18	3.30

Competitive Comparison of Doxee SpA's Debt-to-Equity

For the Software - Infrastructure subindustry, Doxee 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.

Doxee SpA's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Doxee SpA's Debt-to-Equity distribution charts can be found below:

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

Doxee SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Doxee 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
	=	(6.999	+	14.619)	/	6.548
	=	3.30

Doxee 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
	=	(6.999	+	14.619)	/	6.548
	=	3.30

Doxee SpA (MIL:DOX) 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.

Doxee SpA Debt-to-Equity Related Terms

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Doxee SpA (MIL:DOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Doxee SpA (MIL:DOX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Viale Virgilio, n. 48 / B, Modena, ITA

Website

https://www.doxee.com

Doxee SpA is an Italian software company. It offers customer communications management, digital customer experience, and dematerialization based on cloud technologies. The company's product lines include Document Experience which consists of the production and distribution of multi-channel and digital document storage; the Paperless Experience line includes electronic billing, standard digital preservation, electronic ordering, and other products; and the Interactive Experience line is engaged in production and distribution of interactive micro-sites and personalized videos. The firm offers products via software, platform, and on-premise form.