Industrie Chimiche Forestali SpA (MIL:ICF) Debt-to-Equity : 0.19 (As of Jun. 2024)

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What is Industrie Chimiche Forestali SpA Debt-to-Equity?

Industrie Chimiche Forestali SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €6.54 Mil. Industrie Chimiche Forestali SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €8.44 Mil. Industrie Chimiche Forestali SpA's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €79.20 Mil. Industrie Chimiche Forestali SpA's debt to equity for the quarter that ended in Jun. 2024 was 0.19.

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

MIL:ICF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.25 Max: 0.48
Current: 0.19

During the past 7 years, the highest Debt-to-Equity Ratio of Industrie Chimiche Forestali SpA was 0.48. The lowest was 0.19. And the median was 0.25.

MIL:ICF's Debt-to-Equity is ranked better than
65.45% of 1398 companies
in the Chemicals industry
Industry Median: 0.36 vs MIL:ICF: 0.19

Industrie Chimiche Forestali SpA Debt-to-Equity Historical Data

The historical data trend for Industrie Chimiche Forestali 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.

Industrie Chimiche Forestali SpA Debt-to-Equity Chart

Industrie Chimiche Forestali SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.25

0.27

0.23

0.21

Industrie Chimiche Forestali SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial						0.26	0.23	0.26	0.21	0.19

Competitive Comparison of Industrie Chimiche Forestali SpA's Debt-to-Equity

For the Specialty Chemicals subindustry, Industrie Chimiche Forestali 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.

Industrie Chimiche Forestali SpA's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Industrie Chimiche Forestali SpA's Debt-to-Equity distribution charts can be found below:

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

Industrie Chimiche Forestali SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Industrie Chimiche Forestali 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
	=	(6.583	+	10.264)	/	79.162
	=	0.21

Industrie Chimiche Forestali 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
	=	(6.539	+	8.444)	/	79.2
	=	0.19

Industrie Chimiche Forestali SpA (MIL:ICF) 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.

Industrie Chimiche Forestali SpA Debt-to-Equity Related Terms

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Industrie Chimiche Forestali SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrie Chimiche Forestali SpA (MIL:ICF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Fratelli Kennedy, 75, Marcallo con Casone, Milano, ITA, 20010

Website

https://www.forestali.it

Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.