Gi Group Poland (WAR:GIG) Debt-to-Equity : -6.34 (As of Mar. 2024)

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What is Gi Group Poland Debt-to-Equity?

Gi Group Poland's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was zł12.7 Mil. Gi Group Poland's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was zł44.8 Mil. Gi Group Poland's Total Stockholders Equity for the quarter that ended in Mar. 2024 was zł-9.1 Mil. Gi Group Poland's debt to equity for the quarter that ended in Mar. 2024 was -6.34.

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 Gi Group Poland's Debt-to-Equity or its related term are showing as below:

WAR:GIG' s Debt-to-Equity Range Over the Past 10 Years
Min: -309.02 Med: 0.53 Max: 71.45
Current: -6.34

During the past 13 years, the highest Debt-to-Equity Ratio of Gi Group Poland was 71.45. The lowest was -309.02. And the median was 0.53.

WAR:GIG's Debt-to-Equity is not ranked
in the Business Services industry.
Industry Median: 0.375 vs WAR:GIG: -6.34

Gi Group Poland Debt-to-Equity Historical Data

The historical data trend for Gi Group Poland'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.

Gi Group Poland Debt-to-Equity Chart

Gi Group Poland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.78

71.45

-15.78

-2.92

-14.67

Gi Group Poland Quarterly Data
	Dec17	Sep18	Dec18	Sep19	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-2.27	-1.96	-309.02	-14.67	-6.34

Competitive Comparison of Gi Group Poland's Debt-to-Equity

For the Staffing & Employment Services subindustry, Gi Group Poland'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.

Gi Group Poland's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Gi Group Poland's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gi Group Poland's Debt-to-Equity falls into.

Gi Group Poland Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gi Group Poland'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
	=	(18.4	+	44.818)	/	-4.309
	=	-14.67

Gi Group Poland's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(12.656	+	44.794)	/	-9.065
	=	-6.34

Gi Group Poland (WAR:GIG) 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.

Gi Group Poland Debt-to-Equity Related Terms

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Gi Group Poland (WAR:GIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Gi Group Poland SA (WAR:GIG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sky Tower, ul. Gwiazdzista 66, Wroclaw, POL, 53-413

Website

https://www.workservice.pl

Gi Group Poland SA formerly Work Service SA is a Poland-based employment agency. It specializes in employment services and modern human resource solutions, providing services in the area of recruitment, the provision of skilled workers to clients, consulting and human resource management. The company has four main product lines, Temporary work, Outsourcing, Personnel Consulting and Strategic HR Consulting. The company generates a majority of its revenue from temporary work segment covering services relating to the recruitment of temporary workers directed to work for the contractor, supervising their work, reporting results, as well as the calculation of the components of remuneration and personnel record keeping and payment of wages.