Alcomet AD (XBUL:ALCM) Debt-to-Equity : 0.51 (As of Dec. 2022)

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What is Alcomet AD Debt-to-Equity?

Alcomet AD's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was лв119.3 Mil. Alcomet AD's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was лв40.9 Mil. Alcomet AD's Total Stockholders Equity for the quarter that ended in Dec. 2022 was лв312.9 Mil. Alcomet AD's debt to equity for the quarter that ended in Dec. 2022 was 0.51.

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 Alcomet AD's Debt-to-Equity or its related term are showing as below:

XBUL:ALCM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.6 Max: 1.18
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Alcomet AD was 1.18. The lowest was 0.43. And the median was 0.60.

XBUL:ALCM's Debt-to-Equity is ranked worse than
75.67% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XBUL:ALCM: 0.51

Alcomet AD Debt-to-Equity Historical Data

The historical data trend for Alcomet AD'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.

Alcomet AD Debt-to-Equity Chart

Alcomet AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.58

0.52

0.62

0.94

0.51

Alcomet AD Semi-Annual Data
	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Equity	Get a 7-Day Free Trial											0.58	0.52	0.62	0.94	0.51

Competitive Comparison of Alcomet AD's Debt-to-Equity

For the Aluminum subindustry, Alcomet AD'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.

Alcomet AD's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alcomet AD's Debt-to-Equity distribution charts can be found below:

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

Alcomet AD Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alcomet AD's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(119.299	+	40.875)	/	312.945
	=	0.51

Alcomet AD's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(119.299	+	40.875)	/	312.945
	=	0.51

Alcomet AD (XBUL:ALCM) 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.

Alcomet AD Debt-to-Equity Related Terms

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Alcomet AD (XBUL:ALCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alcomet AD (XBUL:ALCM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Second Industrial Zone, Shumen, BGR, 9700

Website

https://www.alcomet.eu

Alcomet AD is a Bulgaria-based company, which is primarily engaged in the production of aluminium extruded and rolled products. Its operation includes production and sale of castings, rolled and extruded aluminum products, used in machine building, construction, food industry, among others. The company offers its product under various categories namely foundry, rolled, press and packaging products. Its product range includes cast billets and coils, aluminum sheets, strips and foils, extruded profiles, bars and tubes, as well as powder coating sheets, and tubes. Alcomet products sold in both Bulgarian and overseas market.

Alcomet AD (XBUL:ALCM) Headlines

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