Italgas SpA (MIL:IG) Debt-to-Equity : 3.39 (As of Jun. 2023)

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What is Italgas SpA Debt-to-Equity?

Italgas SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €514 Mil. Italgas SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €6,476 Mil. Italgas SpA's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €2,062 Mil. Italgas SpA's debt to equity for the quarter that ended in Jun. 2023 was 3.39.

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

MIL:IG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 3.11 Max: 3.44
Current: 0.04

During the past 8 years, the highest Debt-to-Equity Ratio of Italgas SpA was 3.44. The lowest was 0.01. And the median was 3.11.

MIL:IG's Debt-to-Equity is ranked better than
93.71% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs MIL:IG: 0.04

Italgas SpA Debt-to-Equity Historical Data

The historical data trend for Italgas 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.

Italgas SpA Debt-to-Equity Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

3.05

3.11

3.37

3.11

0.04

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										3.37	3.44	3.11	3.39	0.04

Competitive Comparison of Italgas SpA's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Italgas 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.

Italgas SpA's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Debt-to-Equity distribution charts can be found below:

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

Italgas SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Italgas SpA'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
	=	(142.437	+	6402.913)	/	2108.262
	=	3.10

Italgas SpA's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(514.243	+	6475.863)	/	2062.34
	=	3.39

Italgas SpA (MIL:IG) 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.

Italgas SpA Debt-to-Equity Related Terms

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

Italgas SpA (MIL:IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (MIL:IG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ITGGF:USA IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.

Italgas SpA (MIL:IG) Headlines

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