Pferdewetten de AG (XTER:EMH1) Debt-to-Equity : 0.70 (As of Sep. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Pferdewetten de AG Debt-to-Equity?

Pferdewetten de AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.10 Mil. Pferdewetten de AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €8.87 Mil. Pferdewetten de AG's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €12.73 Mil. Pferdewetten de AG's debt to equity for the quarter that ended in Sep. 2023 was 0.70.

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

XTER:EMH1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.7
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Pferdewetten de AG was 0.70. The lowest was 0.01. And the median was 0.06.

XTER:EMH1's Debt-to-Equity is ranked worse than
60.35% of 691 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs XTER:EMH1: 0.70

Pferdewetten de AG Debt-to-Equity Historical Data

The historical data trend for Pferdewetten de AG'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.

Pferdewetten de AG Debt-to-Equity Chart

Pferdewetten de AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.06

0.05

0.07

0.06

Pferdewetten de AG Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.06	0.33	0.55	0.70

Competitive Comparison of Pferdewetten de AG's Debt-to-Equity

For the Gambling subindustry, Pferdewetten de AG'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.

Pferdewetten de AG's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

Pferdewetten de AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pferdewetten de AG'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
	=	(0.377	+	0.761)	/	19.913
	=	0.06

Pferdewetten de AG's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.097	+	8.868)	/	12.731
	=	0.70

Pferdewetten de AG (XTER:EMH1) 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.

Pferdewetten de AG Debt-to-Equity Related Terms

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

Pferdewetten de AG (XTER:EMH1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pferdewetten de AG (XTER:EMH1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EMH1:Germany EMH:Germany

Address

Schlossstrasse 38, Hamburg, DEU

Website

http://www.pferdewetten.ag

Pferdewetten de AG is involved in arranging and placing bets for horse racing and other sports events. It engages in the online and offline horse betting business in Germany. Its horse betting services range from betting on German galloping and trotting to English, French, and other international horse races. The company also provides online horse betting services through its Internet platform pferdewetten.de. In addition, it offers consultancy and training services for the implementation and processing of sports and horse betting.

Pferdewetten de AG (XTER:EMH1) Headlines

No Headlines