Newlat Food SpA (MIL:NWL) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is Newlat Food SpA Debt-to-Equity?

Newlat Food SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.7 Mil. Newlat Food SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €37.2 Mil. Newlat Food SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €158.6 Mil. Newlat Food SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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

MIL:NWL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.58 Max: 1.24
Current: 0.28

During the past 8 years, the highest Debt-to-Equity Ratio of Newlat Food SpA was 1.24. The lowest was 0.28. And the median was 0.58.

MIL:NWL's Debt-to-Equity is ranked better than
60.32% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs MIL:NWL: 0.28

Newlat Food SpA Debt-to-Equity Historical Data

The historical data trend for Newlat Food 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.

Newlat Food SpA Debt-to-Equity Chart

Newlat Food SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.57

1.24

0.30

0.38

0.28

Newlat Food SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.36	0.29	0.28	0.28	N/A

Competitive Comparison of Newlat Food SpA's Debt-to-Equity

For the Packaged Foods subindustry, Newlat Food 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.

Newlat Food SpA's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Newlat Food SpA's Debt-to-Equity distribution charts can be found below:

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

Newlat Food SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Newlat Food 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
	=	(7.694	+	37.16)	/	158.636
	=	0.28

Newlat Food 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
	=	(7.694	+	37.16)	/	158.636
	=	0.28

Newlat Food SpA (MIL:NWL) 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.

Newlat Food SpA Debt-to-Equity Related Terms

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

Newlat Food SpA (MIL:NWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Newlat Food SpA (MIL:NWL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6NF:Germany

Address

Via JF Kennedy 16, Reggio Emilia, ITA, 42124

Website

https://www.newlat.it

Newlat Food SpA is an Italy-based agro-food company. It is engaged in the processing, packaging, sale, and distribution of food and beverages. The company has various operating segments which include Pasta, Milk Products, Bakery Products, Dairy Products, Special Products, Instant noodles, and Other activities. The company operates in Italy, Germany, and other countries.