Electra Consumer Products (XTAE:ECP) Debt-to-Equity : 6.19 (As of Mar. 2024)

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What is Electra Consumer Products Debt-to-Equity?

Electra Consumer Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪560 Mil. Electra Consumer Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪3,374 Mil. Electra Consumer Products's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₪635 Mil. Electra Consumer Products's debt to equity for the quarter that ended in Mar. 2024 was 6.19.

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 Electra Consumer Products's Debt-to-Equity or its related term are showing as below:

XTAE:ECP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.89 Max: 6.19
Current: 6.19

During the past 13 years, the highest Debt-to-Equity Ratio of Electra Consumer Products was 6.19. The lowest was 0.21. And the median was 0.89.

XTAE:ECP's Debt-to-Equity is ranked worse than
99.32% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs XTAE:ECP: 6.19

Electra Consumer Products Debt-to-Equity Historical Data

The historical data trend for Electra Consumer Products'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.

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Electra Consumer Products Debt-to-Equity Chart

Electra Consumer Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.75

0.35

3.44

4.58

5.20

Electra Consumer Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															5.06	5.39	5.51	5.20	6.19

Competitive Comparison of Electra Consumer Products's Debt-to-Equity

For the Consumer Electronics subindustry, Electra Consumer Products'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.

Electra Consumer Products's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Electra Consumer Products's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Electra Consumer Products's Debt-to-Equity falls into.

Electra Consumer Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Electra Consumer Products'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
	=	(637.347	+	2650.841)	/	632.087
	=	5.20

Electra Consumer Products'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
	=	(559.848	+	3373.78)	/	635.038
	=	6.19

Electra Consumer Products (XTAE:ECP) 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.

Electra Consumer Products Debt-to-Equity Related Terms

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

Electra Consumer Products (XTAE:ECP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Electra Consumer Products Ltd (XTAE:ECP) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1 Sapir Street, New Industrial Zone, Rishon Lezion, ISR, 75704

Website

http://www.electra-consumer.co.il

Electra Consumer Products Ltd engages in the field of household electrical appliances, air conditioning, and communications. The group operates in three fields of operations of which the First field is importing, manufacturing, exporting, marketing, sale, and distribution of electrical consumer products as well as the provision of services for products; the Second field consists of the operation of retail marketing chains for the sale of electrical consumer products in Israel and the Third field includes the operation of "Do It Yourself" chains - retail chains specializing in the provision of home design and maintenance solutions and in the field of products for motor vehicles field. Geographically, the firm is Israel based and it derives revenue from sales and the provision of services.

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