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Racing Force SpA (XPAR:ALRFG) Debt-to-Equity : 0.28 (As of Dec. 2023)


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What is Racing Force SpA Debt-to-Equity?

Racing Force SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4.54 Mil. Racing Force SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €9.15 Mil. Racing Force SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €48.49 Mil. Racing Force SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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 Racing Force SpA's Debt-to-Equity or its related term are showing as below:

XPAR:ALRFG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28   Med: 0.6   Max: 3.11
Current: 0.28

During the past 4 years, the highest Debt-to-Equity Ratio of Racing Force SpA was 3.11. The lowest was 0.28. And the median was 0.60.

XPAR:ALRFG's Debt-to-Equity is ranked better than
63.91% of 690 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs XPAR:ALRFG: 0.28

Racing Force SpA Debt-to-Equity Historical Data

The historical data trend for Racing Force SpA'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.

Racing Force SpA Debt-to-Equity Chart

Racing Force SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
3.11 0.71 0.48 0.28

Racing Force SpA Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.71 0.54 0.48 0.27 0.28

Competitive Comparison of Racing Force SpA's Debt-to-Equity

For the Leisure subindustry, Racing Force SpA'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.

Racing Force SpA's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Racing Force SpA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Racing Force SpA's Debt-to-Equity falls into.


Racing Force SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Racing Force SpA'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
=(4.542 + 9.154) / 48.485
=0.28

Racing Force SpA'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
=(4.542 + 9.154) / 48.485
=0.28

* 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.

Racing Force SpA  (XPAR:ALRFG) 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.

Racing Force SpA Debt-to-Equity Related Terms

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

Racing Force SpA (XPAR:ALRFG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Racing Force SpA (XPAR:ALRFG) » Definitions » Debt-to-Equity
Comparable Companies
MIL:ART MIL:TISG TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 LSE:GAW SZSE:300144 HKSE:09992 YETI GOLF TSE:7731 SEAS TSX:TOY OSTO:THULE
Traded in Other Exchanges
RFG:Italy
Address
via Bazzano 5, Ronco Scrivia, Genoa, ITA, 16019
Website
https://www.racingforce.com
Racing Force SpA is engaged in the field of design and manufacture of motorsport safety products. Its product range spans from suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire extinguisher systems, and intercoms, to other accessories strictly related to the motorsport industry.

Racing Force SpA (XPAR:ALRFG) Headlines

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