Aena SME (WBO:AENA) Debt-to-Equity : 0.97 (As of Dec. 2023)

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What is Aena SME Debt-to-Equity?

Aena SME's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €826 Mil. Aena SME's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €6,569 Mil. Aena SME's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €7,627 Mil. Aena SME's debt to equity for the quarter that ended in Dec. 2023 was 0.97.

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 Aena SME's Debt-to-Equity or its related term are showing as below:

WBO:AENA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.97 Med: 1.37 Max: 3.11
Current: 0.97

During the past 13 years, the highest Debt-to-Equity Ratio of Aena SME was 3.11. The lowest was 0.97. And the median was 1.37.

WBO:AENA's Debt-to-Equity is ranked worse than
68.37% of 882 companies
in the Transportation industry
Industry Median: 0.545 vs WBO:AENA: 0.97

Aena SME Debt-to-Equity Historical Data

The historical data trend for Aena SME'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.

Aena SME Debt-to-Equity Chart

Aena SME Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.06

1.36

1.43

1.12

0.97

Aena SME Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.12	1.22	1.22	1.16	0.97

Competitive Comparison of Aena SME's Debt-to-Equity

For the Airports & Air Services subindustry, Aena SME'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.

Aena SME's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aena SME's Debt-to-Equity distribution charts can be found below:

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

Aena SME Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aena SME'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
	=	(826.168	+	6569.046)	/	7627.305
	=	0.97

Aena SME'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
	=	(826.168	+	6569.046)	/	7627.305
	=	0.97

Aena SME (WBO:AENA) 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.

Aena SME Debt-to-Equity Related Terms

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

Aena SME (WBO:AENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aena SME SA (WBO:AENA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ANYYY:USA ANNSF:USA 1AENA:Italy AENAe:UK 0R4Y:UK AENA:Spain A440:Germany

Address

Calle Peonias, 12, Madrid, ESP, 28042

Website

http://www.aena.es

Aena is a Spanish airport operator with 46 airports in Spain, including Madrid and Barcelona, and has stakes in 23 international airports. The group generates regulated and nonregulated revenue. Regulated revenue includes fees collected from takeoff and landing, passenger fees and security, whereas nonregulated revenue stems from commercial activities such as retail, food and beverage and advertising sales. In 2019, before the onset of the pandemic, the group catered to 275 million passengers through its Spanish airport network. The group was semiprivatized in 2015, with a listing on the Madrid exchange.

Aena SME (WBO:AENA) Headlines

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