GEL SpA (MIL:GEL) Debt-to-Equity : 0.55 (As of Jun. 2024)

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What is GEL SpA Debt-to-Equity?

GEL SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €6.18 Mil. GEL SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.00 Mil. GEL SpA's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €11.17 Mil. GEL SpA's debt to equity for the quarter that ended in Jun. 2024 was 0.55.

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

MIL:GEL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 0.75 Max: 23.54
Current: 0.73

During the past 10 years, the highest Debt-to-Equity Ratio of GEL SpA was 23.54. The lowest was 0.55. And the median was 0.75.

MIL:GEL's Debt-to-Equity is ranked worse than
79.01% of 2592 companies
in the Industrial Products industry
Industry Median: 0.28 vs MIL:GEL: 0.73

GEL SpA Debt-to-Equity Historical Data

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

GEL SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.83

0.81

0.67

0.66

0.73

GEL SpA Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial														0.67	0.76	0.66	0.55	0.73

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

For the Pollution & Treatment Controls subindustry, GEL 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.

GEL SpA's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, GEL SpA's Debt-to-Equity distribution charts can be found below:

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

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GEL SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GEL 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
	=	(7.176	+	0)	/	10.882
	=	0.66

GEL SpA's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(6.175	+	0)	/	11.171
	=	0.55

GEL SpA (MIL:GEL) 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.

GEL SpA Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of GEL SpA's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

GEL SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GEL SpA (MIL:GEL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Enzo Ferrari 1, Castelfidardo, ITA, 60022

Website

https://www.gel.it

GEL SpA is an Italian company engaged in the business of designing and manufacturing products to treat water. The company offers filters, disinfectants, softeners, dosers, mud removers, conditioners, and other water treatment products to its clients. In addition, it provides water treatment services for the following divisions; Medical, Food, and Mobile Installations. Desalination services and leachate treatment services are also provided by the company.