Iron Mountain (FRA:I5M) Debt-to-Equity : 821.85 (As of Mar. 2024)

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What is Iron Mountain Debt-to-Equity?

Iron Mountain's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €109 Mil. Iron Mountain's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €13,905 Mil. Iron Mountain's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €17 Mil. Iron Mountain's debt to equity for the quarter that ended in Mar. 2024 was 821.85.

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 Iron Mountain's Debt-to-Equity or its related term are showing as below:

FRA:I5M' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.8 Med: 8.98 Max: 821.85
Current: 821.85

During the past 13 years, the highest Debt-to-Equity Ratio of Iron Mountain was 821.85. The lowest was 2.80. And the median was 8.98.

FRA:I5M's Debt-to-Equity is ranked worse than
99.85% of 672 companies
in the REITs industry
Industry Median: 0.78 vs FRA:I5M: 821.85

Iron Mountain Debt-to-Equity Historical Data

The historical data trend for Iron Mountain'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.

Iron Mountain Debt-to-Equity Chart

Iron Mountain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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7.25

9.68

13.67

20.87

69.87

Iron Mountain 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															24.71	33.06	53.85	69.87	821.85

Competitive Comparison of Iron Mountain's Debt-to-Equity

For the REIT - Specialty subindustry, Iron Mountain'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.

Iron Mountain's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Iron Mountain's Debt-to-Equity distribution charts can be found below:

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

Iron Mountain Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Iron Mountain'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
	=	(378.23	+	13181.778)	/	194.081
	=	69.87

Iron Mountain'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
	=	(109.269	+	13904.991)	/	17.052
	=	821.85

Iron Mountain (FRA:I5M) 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.

Iron Mountain Debt-to-Equity Related Terms

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

Iron Mountain (FRA:I5M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Iron Mountain Inc (FRA:I5M) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IRM:USA I5M:Germany I1RM34:Brazil

Address

85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801

Website

https://www.ironmountain.com

Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

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