Panamax Aktiengesellschaft (FRA:ICP) Debt-to-Equity : -0.78 (As of Dec. 2023)

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What is Panamax Aktiengesellschaft Debt-to-Equity?

Panamax Aktiengesellschaft's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.19 Mil. Panamax Aktiengesellschaft's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Panamax Aktiengesellschaft's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-0.24 Mil. Panamax Aktiengesellschaft's debt to equity for the quarter that ended in Dec. 2023 was -0.78.

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 Panamax Aktiengesellschaft's Debt-to-Equity or its related term are showing as below:

FRA:ICP' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.78 Med: -0.09 Max: 2.74
Current: -0.78

During the past 13 years, the highest Debt-to-Equity Ratio of Panamax Aktiengesellschaft was 2.74. The lowest was -0.78. And the median was -0.09.

FRA:ICP's Debt-to-Equity is not ranked
in the Asset Management industry.
Industry Median: 0.19 vs FRA:ICP: -0.78

Panamax Aktiengesellschaft Debt-to-Equity Historical Data

The historical data trend for Panamax Aktiengesellschaft'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.

Panamax Aktiengesellschaft Debt-to-Equity Chart

Panamax Aktiengesellschaft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.66

-0.65

-0.78

Panamax Aktiengesellschaft Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.66	-	-0.65	-0.82	-0.78

Competitive Comparison of Panamax Aktiengesellschaft's Debt-to-Equity

For the Asset Management subindustry, Panamax Aktiengesellschaft'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.

Panamax Aktiengesellschaft's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Panamax Aktiengesellschaft's Debt-to-Equity distribution charts can be found below:

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

Panamax Aktiengesellschaft Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Panamax Aktiengesellschaft'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
	=	(0.189	+	0)	/	-0.241
	=	-0.78

Panamax Aktiengesellschaft's Debt to Equity Ratio for the quarter 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
	=	(0.189	+	0)	/	-0.241
	=	-0.78

Panamax Aktiengesellschaft (FRA:ICP) 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.

Panamax Aktiengesellschaft Debt-to-Equity Related Terms

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

Panamax Aktiengesellschaft (FRA:ICP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Panamax Aktiengesellschaft (FRA:ICP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ICP:Germany

Address

Strasse 10, Muenchener, Frankfurt am Main, Frankfurt, HE, DEU, 60329

Website

https://www.panamax.ag

Panamax Aktiengesellschaft is a Germany-based investment company. It focuses on investing in various sectors, such as environmental technology, financial services, IT, e-business, health products, as well as services and products for small children and babies. The corporate purpose of Panamax Aktiengesellschaft is the formation of corporations and partnerships as well as the acquisition, management, and sale of investments in corporations and partnerships, exclusively in its own name and with its own assets and the provision of management services, in particular accounting, controlling, non-regulatory financing services and marketing.