Zignago Vetro SpA (CHIX:ZVM) Debt-to-Equity : 0.62 (As of Mar. 2024)

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What is Zignago Vetro SpA Debt-to-Equity?

Zignago Vetro SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €106.6 Mil. Zignago Vetro SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €141.9 Mil. Zignago Vetro SpA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €400.8 Mil. Zignago Vetro SpA's debt to equity for the quarter that ended in Mar. 2024 was 0.62.

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

CHIX:ZVm' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.62 Med: 1.1 Max: 1.59
Current: 0.62

During the past 13 years, the highest Debt-to-Equity Ratio of Zignago Vetro SpA was 1.59. The lowest was 0.62. And the median was 1.10.

CHIX:ZVm's Debt-to-Equity is ranked worse than
60.34% of 348 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs CHIX:ZVm: 0.62

Zignago Vetro SpA Debt-to-Equity Historical Data

The historical data trend for Zignago Vetro 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.

Zignago Vetro SpA Debt-to-Equity Chart

Zignago Vetro SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.13

1.09

1.19

1.06

0.69

Zignago Vetro SpA 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															0.96	0.86	0.79	0.69	0.62

Competitive Comparison of Zignago Vetro SpA's Debt-to-Equity

For the Packaging & Containers subindustry, Zignago Vetro 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.

Zignago Vetro SpA's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zignago Vetro SpA's Debt-to-Equity distribution charts can be found below:

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

Zignago Vetro SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zignago Vetro 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
	=	(108.7	+	158.382)	/	388.708
	=	0.69

Zignago Vetro SpA'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
	=	(106.645	+	141.937)	/	400.794
	=	0.62

Zignago Vetro SpA (CHIX:ZVm) 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.

Zignago Vetro SpA Debt-to-Equity Related Terms

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

Zignago Vetro SpA (CHIX:ZVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zignago Vetro SpA (CHIX:ZVm) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ZV:Italy ZVB:Germany

Address

Via Ita Marzotto 8, Fossalta di Portogruaro, Venice, ITA, 30025

Website

https://www.zignagovetro.com

Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for Food and Beverages and Cosmetics and Perfumery sectors. The business of the group is carried in various geographical locations such as Italy, European Union, North America and other areas. The business activities of the group are divided into Zignago Vetro SpA: carries the production activity of containers for both sectors, Zignago Vetro Brosse SAS: looks into the production of glass containers for perfumes; Zignago Vetro Polska SA: which undertakes the production of customized products for cosmetic and perfumery containers and also for food and beverage niche markets.

Zignago Vetro SpA (CHIX:ZVM) Headlines

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