Longino & Cardenal SpA (MIL:LON) Debt-to-Equity : 1.85 (As of Jun. 2024)

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What is Longino & Cardenal SpA Debt-to-Equity?

Longino & Cardenal SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €4.61 Mil. Longino & Cardenal SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €3.45 Mil. Longino & Cardenal SpA's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €4.35 Mil. Longino & Cardenal SpA's debt to equity for the quarter that ended in Jun. 2024 was 1.85.

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

MIL:LON' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 1.4 Max: 6.46
Current: 1.85

During the past 8 years, the highest Debt-to-Equity Ratio of Longino & Cardenal SpA was 6.46. The lowest was 0.11. And the median was 1.40.

MIL:LON's Debt-to-Equity is ranked worse than
83.51% of 285 companies
in the Retail - Defensive industry
Industry Median: 0.57 vs MIL:LON: 1.85

Longino & Cardenal SpA Debt-to-Equity Historical Data

The historical data trend for Longino & Cardenal 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.

Longino & Cardenal SpA Debt-to-Equity Chart

Longino & Cardenal SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

1.15

0.99

1.40

1.82

Longino & Cardenal SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial											1.44	1.40	2.17	1.82	1.85

Competitive Comparison of Longino & Cardenal SpA's Debt-to-Equity

For the Food Distribution subindustry, Longino & Cardenal 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.

Longino & Cardenal SpA's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Longino & Cardenal SpA's Debt-to-Equity distribution charts can be found below:

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

Longino & Cardenal SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Longino & Cardenal 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
	=	(3.931	+	4.303)	/	4.516
	=	1.82

Longino & Cardenal 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
	=	(4.61	+	3.451)	/	4.347
	=	1.85

Longino & Cardenal SpA (MIL:LON) 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.

Longino & Cardenal SpA Debt-to-Equity Related Terms

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

Longino & Cardenal SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Longino & Cardenal SpA (MIL:LON) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Ambrogio Moroni, 8, Pogliano Milanese, Milan, ITA, 20010

Website

https://www.longinogroup.it

Longino & Cardenal SpA distributes quality food products. It mainly supplies new raw ingredients to restaurants, luxury hotels, caterers and gastronomic operators, wholesalers, supermarkets, and private individuals. Geographically, the company derives a majority of its revenue from Italy.

Longino & Cardenal SpA Headlines

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