SZGPY (Salzgitter AG) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is Salzgitter AG Debt-to-Equity?

Salzgitter AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil. Salzgitter AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil. Salzgitter AG's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $5,048 Mil. Salzgitter AG's debt to equity for the quarter that ended in Sep. 2024 was 0.00.

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 Salzgitter AG's Debt-to-Equity or its related term are showing as below:

SZGPY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.31 Max: 0.46
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Salzgitter AG was 0.46. The lowest was 0.21. And the median was 0.31.

SZGPY's Debt-to-Equity is ranked better than
61.94% of 557 companies
in the Steel industry
Industry Median: 0.43 vs SZGPY: 0.29

Salzgitter AG Debt-to-Equity Historical Data

The historical data trend for Salzgitter AG'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.

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Salzgitter AG Debt-to-Equity Chart

Salzgitter AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.36

0.46

0.45

0.35

0.27

Salzgitter AG 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															-	0.27	-	-	-

Competitive Comparison of Salzgitter AG's Debt-to-Equity

For the Steel subindustry, Salzgitter AG'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.

Salzgitter AG's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Salzgitter AG's Debt-to-Equity distribution charts can be found below:

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

Salzgitter AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Salzgitter AG'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
	=	(1025.736	+	392.803)	/	5263.795
	=	0.27

Salzgitter AG'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	+	0)	/	5048.058
	=	0.00

Salzgitter AG (OTCPK:SZGPY) 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.

Salzgitter AG Debt-to-Equity Related Terms

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Salzgitter AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Salzgitter AG (OTCPK:SZGPY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SZGPF:USA SZGd:UK 0G77:UK SZGA:Germany SZG:Germany SZG:Germany SZG:Germany SZG:Germany SZG:Austria

Address

Eisenhuttenstrasse 99, Salzgitter, DEU, 38239

Website

https://www.salzgitter-ag.com

Salzgitter AG is a German-based steel & technology company. The segments of the company are Steel Production, Steel Processing, Trading, & Technology business. The majority is derived from the trading segment. Steel Production Business Unit manufactures high-quality branded steel & special steel. Steel Processing Business Unit produce a broad spectrum of high-grade plate products. Trading Business Unit operates a tightly-knit European sales network & trading companies & agencies that ensure that Salzgitter Group's products & services are marketed efficiently. Technology Business Unit operates in the filling & packing technology segment, as well as in special machinery engineering for shoe manufacturing & elastomer production. Geographically, the majority is derived from domestic markets.