Asturiana de Laminados (XMAD:ELZ) Debt-to-Equity: 2.00 (As of Dec. 2025) — 37% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Asturiana de Laminados Debt-to-Equity?

Asturiana de Laminados XMAD:ELZ Debt-to-Equity is 2.00 as of Dec. 2025, which is 37% above its 10-year median of 1.46. The stock has 7 warning signs investors should review. Among 2,681 Industrial Products companies, Asturiana de Laminados ranks worse than 96.34% on this metric.

Asturiana de Laminados's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €1.30 Mil. Asturiana de Laminados's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €58.22 Mil. Asturiana de Laminados's Total Stockholders Equity for the quarter that ended in Dec. 2025 was €29.71 Mil. Asturiana de Laminados's debt to equity for the quarter that ended in Dec. 2025 was 2.00.

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 Asturiana de Laminados's Debt-to-Equity or its related term are showing as below:

XMAD:ELZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77   Med: 1.46   Max: 9.71
Current: 2

During the past 13 years, the highest Debt-to-Equity Ratio of Asturiana de Laminados was 9.71. The lowest was 0.77. And the median was 1.46.

XMAD:ELZ's Debt-to-Equity is ranked worse than
96.34% of 2681 companies
in the Industrial Products industry
Industry Median: 0.28 vs XMAD:ELZ: 2.00

Asturiana de Laminados  (XMAD:ELZ) 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.


Asturiana de Laminados Debt-to-Equity Related Terms


Asturiana de Laminados Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Asturiana de Laminados'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.

Asturiana de Laminados Debt-to-Equity Chart

Asturiana de Laminados Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.86 1.93 9.71 2.00

Asturiana de Laminados Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.93 6.42 9.71 19.89 2.00

XMAD:ELZ vs CRS, ATI, MLI: Debt-to-Equity Comparison

For the Metal Fabrication subindustry, Asturiana de Laminados'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.


Asturiana de Laminados Debt-to-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Asturiana de Laminados's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asturiana de Laminados's Debt-to-Equity falls into.



Asturiana de Laminados Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asturiana de Laminados's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Asturiana de Laminados's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 2.00 mean?
Asturiana de Laminados (XMAD:ELZ) has a Debt-to-Equity of 2.00 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Asturiana de Laminados and its competitors. This is 37% above median its historical median of 1.46. Over the past decade, Asturiana de Laminados' Debt-to-Equity has ranged from 0.77 to 9.71. According to the industry distribution chart, Asturiana de Laminados ranks #2583 out of 2681 companies in the Industrial Products industry, placing it in the top 96.3%.
Is Asturiana de Laminados' Debt-to-Equity too high?
Asturiana de Laminados' current Debt-to-Equity of 2.00 is 37% above median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 9.71. The Industrial Products industry median Debt-to-Equity is 0.28. Asturiana de Laminados' value of 2.00 is 614.3% above this industry median. Based on the distribution chart, Asturiana de Laminados ranks #2583 out of 2681 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does Asturiana de Laminados' Debt-to-Equity compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Asturiana de Laminados ranks #2583 out of 2681 companies for Debt-to-Equity. This places Asturiana de Laminados in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Asturiana de Laminados' value of 2.00 is 614.3% above this benchmark. Historically, Asturiana de Laminados' own Debt-to-Equity has ranged from 0.77 to 9.71 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 0.28, Asturiana de Laminados has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,681 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asturiana de Laminados's current Debt-to-Equity of 2.00 is 614.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Asturiana de Laminados and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asturiana de Laminados's current Debt-to-Equity is 2.00, which is 37% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asturiana de Laminados stock overvalued right now?
Based on GuruFocus' analysis, Asturiana de Laminados (XMAD:ELZ) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.10, compared to a current price of €0.08 — trading 24% below its estimated fair value. The current Debt-to-Equity is 2.00, which is 37% above median its 10-year median of 1.46 and 614.3% above the Industrial Products industry median of 0.28. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Asturiana de Laminados (XMAD:ELZ), the current Debt-to-Equity is 2.00 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Asturiana de Laminados Business Description

Address Poligono Industrial de Villallana, Plot 1, Pola de Lena, Asturias, ESP, 33695
Asturiana de Laminados SA designs, casts, or melts, anodizes profiles, sheets, coils, or any other element of zinc or other metals, metallic and non-metallic products, and other products for construction, transportation, and industrial use. It offers solutions for aesthetic finishes, technical finishes, honeycomb panels, composite panels, elZinc tiles, traditional roofing systems, engineered facades, traditional facade systems, and rainwater systems.