Grenke AG (XTER:GLJ) Debt-to-Equity : 3.47 (As of Sep. 2024)

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What is Grenke AG Debt-to-Equity?

Grenke AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €1,853.7 Mil. Grenke AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €2,765.5 Mil. Grenke AG's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €1,329.5 Mil. Grenke AG's debt to equity for the quarter that ended in Sep. 2024 was 3.47.

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

XTER:GLJ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 3.59 Max: 4.29
Current: 3.47

During the past 13 years, the highest Debt-to-Equity Ratio of Grenke AG was 4.29. The lowest was 0.04. And the median was 3.59.

XTER:GLJ's Debt-to-Equity is ranked worse than
80.73% of 441 companies
in the Credit Services industry
Industry Median: 1.1 vs XTER:GLJ: 3.47

Grenke AG Debt-to-Equity Historical Data

The historical data trend for Grenke 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.

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Grenke AG Debt-to-Equity Chart

Grenke AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.16

3.54

2.85

2.70

2.80

Grenke AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															2.89	2.80	2.75	2.93	3.47

Competitive Comparison of Grenke AG's Debt-to-Equity

For the Credit Services subindustry, Grenke 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.

Grenke AG's Debt-to-Equity Distribution in the Credit Services Industry

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

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

Grenke AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grenke AG'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
	=	(1212.277	+	2626.062)	/	1368.978
	=	2.80

Grenke AG's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1853.738	+	2765.463)	/	1329.483
	=	3.47

Grenke AG (XTER:GLJ) 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.

Grenke AG Debt-to-Equity Related Terms

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Grenke AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Grenke AG (XTER:GLJ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GKSGF:USA GLJd:UK 0R97:UK GLJ:Germany GLJ:Germany GLJ:Germany GLJ:Austria

Address

Neuer Markt 2, Baden-Baden, DEU, 76532

Website

https://www.grenke.de

Grenke AG is a financial services company that, under a franchise model, provides operational infrastructure, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include; The Leasing segment which generates key revenue, and consists of financing to commercial lessees, rental, service, protection and maintenance offerings, and the disposal of used equipment. The Banking segment acts as a financing partner, particularly to small- and medium-sized companies, and the Factoring segment offers traditional factoring services with a focus on small-ticket factoring. Geographically, the majority of the company's revenue is generated from France and rest from Italy, Germany and other regions.

Executives

Manfred Piontke	Supervisory Board
Moritz Grenke	Supervisory Board
Dr. Martin Paal	Board of Directors
Gilles Christ	Board of Directors
Dr. Sebastian Hirsch	Board of Directors
Norbert Freisleben	Supervisory Board
Isabel Rösler	Board of Directors

Grenke AG Headlines

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