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Smart Capital SpAMIL:SMCAP 9 Debt-to-Equity is 0.51 as of Dec. 2025, which is 113% above its 10-year median of 0.24. GuruFocus rates MIL:SMCAP with a GF Score™ of 9/100. The stock has 4 warning signs investors should review. Among 961 Asset Management companies, Smart Capital SpA ranks worse than 72.63% on this metric.
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 Smart Capital SpA's Debt-to-Equity or its related term are showing as below:
MIL:SMCAP'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.24 Max: 0.51
Current: 0.51
During the past 4 years, the highest Debt-to-Equity Ratio of Smart Capital SpA was 0.51. The lowest was 0.05. And the median was 0.24.
MIL:SMCAP's Debt-to-Equity is ranked worse than 72.63% of 961
companies
in the Asset Management industry
Industry Median: 0.21
vs MIL:SMCAP: 0.51
Smart Capital SpA (MIL:SMCAP) Debt-to-Equity Explanation
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.
Smart Capital SpA Debt-to-Equity Related Terms
Smart Capital SpA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Smart Capital 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.
MIL:SMCAP vs BLK, BX, KKR: Debt-to-Equity Comparison
For the Asset Management subindustry, Smart Capital 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.
Smart Capital SpA Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Smart Capital SpA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Smart Capital SpA's Debt-to-Equity falls into.
* 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.
Smart Capital SpA (MIL:SMCAP) has a Debt-to-Equity of 0.51 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Smart Capital SpA and its competitors. This is 113% above median its historical median of 0.24. Over the past decade, Smart Capital SpA's Debt-to-Equity has ranged from 0.05 to 0.51. According to the industry distribution chart, Smart Capital SpA ranks #698 out of 961 companies in the Asset Management industry, placing it in the top 72.6%.
Is Smart Capital SpA's Debt-to-Equity too high?
Smart Capital SpA's current Debt-to-Equity of 0.51 is 113% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.51. The Asset Management industry median Debt-to-Equity is 0.21. Smart Capital SpA's value of 0.51 is 142.9% above this industry median. Based on the distribution chart, Smart Capital SpA ranks #698 out of 961 companies in the Asset Management industry, which is below the industry midpoint. Overall, Smart Capital SpA has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Smart Capital SpA's Debt-to-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Smart Capital SpA ranks #698 out of 961 companies for Debt-to-Equity. This places Smart Capital SpA in the lower half of its industry. The industry median Debt-to-Equity is 0.21. Smart Capital SpA's value of 0.51 is 142.9% above this benchmark. Historically, Smart Capital SpA's own Debt-to-Equity has ranged from 0.05 to 0.51 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.21, Smart Capital SpA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 961 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Smart Capital SpA's current Debt-to-Equity of 0.51 is 142.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Smart Capital SpA and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Capital SpA's current Debt-to-Equity is 0.51, which is 113% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Capital SpA stock overvalued right now?
Smart Capital SpA (MIL:SMCAP) has a current Debt-to-Equity of 0.51. The current Debt-to-Equity is 0.51, which is 113% above median its 10-year median of 0.24 and 142.9% above the Asset Management industry median of 0.21. Smart Capital SpA's overall GF Score™ is 9/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Smart Capital SpA (MIL:SMCAP), the current Debt-to-Equity is 0.51 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Smart Capital SpA is a permanent capital industrial holding company specializing in private investments in public equity (PIPE) and private equity, focusing on small and medium-sized Italian companies, listed, unlisted or in the pre-IPO phase, operating both in Italy and abroad. It is characterized, also in its investment approach, by an entrepreneurial and longterm DNA. The company's main activity consists of acquiring shares and other financial instruments that allow the purchase or subscription of shares, including in the context of capital increases, at the time of listing or subsequently (such as the PIPE), reserved placements, public subscription and sale offers.
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