Michman Finance (XTAE:MCMN) Debt-to-Equity : 3.66 (As of Mar. 2024)

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What is Michman Finance Debt-to-Equity?

Michman Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪320.84 Mil. Michman Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪214.60 Mil. Michman Finance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₪146.41 Mil. Michman Finance's debt to equity for the quarter that ended in Mar. 2024 was 3.66.

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 Michman Finance's Debt-to-Equity or its related term are showing as below:

XTAE:MCMN' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.66 Med: 5.36 Max: 6.78
Current: 3.66

During the past 5 years, the highest Debt-to-Equity Ratio of Michman Finance was 6.78. The lowest was 3.66. And the median was 5.36.

XTAE:MCMN's Debt-to-Equity is ranked worse than
82.56% of 430 companies
in the Credit Services industry
Industry Median: 1.17 vs XTAE:MCMN: 3.66

Michman Finance Debt-to-Equity Historical Data

The historical data trend for Michman Finance'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.

Michman Finance Debt-to-Equity Chart

Michman Finance Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

N/A

6.78

6.69

5.36

5.81

Michman Finance Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial					N/A	5.81	4.92	4.87	3.66

Competitive Comparison of Michman Finance's Debt-to-Equity

For the Credit Services subindustry, Michman Finance'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.

Michman Finance's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Michman Finance's Debt-to-Equity distribution charts can be found below:

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

Michman Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Michman Finance'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
	=	(406.698	+	223.063)	/	108.423
	=	5.81

Michman Finance'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
	=	(320.84	+	214.597)	/	146.409
	=	3.66

Michman Finance (XTAE:MCMN) 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.

Michman Finance Debt-to-Equity Related Terms

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

Michman Finance (XTAE:MCMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Michman Finance Ltd (XTAE:MCMN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

BSR Towers 3, 29th Floor, Bnei Brak, ISR, 5126237

Website

https://www.michman-loans.co.il

Michman Finance Ltd is engaged in providing a variety of loans and non-bank services to businesses. The products of the company comprise Discount checks, Extended license, Import financing, Business Mediation loans, and Extended license, among others.

Michman Finance (XTAE:MCMN) Headlines

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