SNMRF (Snam SpA) Debt-to-Equity : 1.77 (As of Sep. 2024)

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What is Snam SpA Debt-to-Equity?

Snam SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil. Snam SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $17,685 Mil. Snam SpA's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $9,984 Mil. Snam SpA's debt to equity for the quarter that ended in Sep. 2024 was 1.77.

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

SNMRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.91 Max: 2.57
Current: 1.77

During the past 13 years, the highest Debt-to-Equity Ratio of Snam SpA was 2.57. The lowest was 0.00. And the median was 1.91.

SNMRF's Debt-to-Equity is ranked worse than
81.32% of 471 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs SNMRF: 1.77

Snam SpA Debt-to-Equity Historical Data

The historical data trend for Snam 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.

Snam SpA Debt-to-Equity Chart

Snam SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.36

2.46

2.13

1.83

2.18

Snam SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.80	2.18	1.98	2.36	1.77

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

For the Utilities - Regulated Gas subindustry, Snam 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.

Snam SpA's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Snam SpA's Debt-to-Equity distribution charts can be found below:

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

Snam SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Snam 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
	=	(5356.598	+	12802.617)	/	8326.063
	=	2.18

Snam SpA's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0	+	17684.795)	/	9984.462
	=	1.77

Snam SpA (OTCPK:SNMRF) 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.

Snam SpA Debt-to-Equity Related Terms

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Snam SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Snam SpA (OTCPK:SNMRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SNMRY:USA SRG:Italy SRGm:UK 0NQP:UK SNM:Germany SNM:Germany SNM:Germany SNM:Bulgaria SRG:Austria

Address

Piazza Santa Barbara, 7, San Donato Milanese, Milan, ITA, 20097

Website

https://www.snam.it

Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17.1% of European gas storage capacity and 13.5 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.