Iren SpA (MIL:IRE) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Iren SpA Debt-to-Equity?

Iren SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €638 Mil. Iren SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil. Iren SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €2,806 Mil. Iren SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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

MIL:IRE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 1.53 Max: 1.68
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Iren SpA was 1.68. The lowest was 0.04. And the median was 1.53.

MIL:IRE's Debt-to-Equity is ranked better than
80.96% of 478 companies
in the Utilities - Regulated industry
Industry Median: 0.845 vs MIL:IRE: 0.23

Iren SpA Debt-to-Equity Historical Data

The historical data trend for Iren 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.

Iren SpA Debt-to-Equity Chart

Iren SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.52

1.68

1.53

0.04

0.23

Iren SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	-	0.07	-	0.23

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

For the Utilities - Diversified subindustry, Iren 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.

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

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

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

Iren SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Iren 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
	=	(638.243	+	0)	/	2806.301
	=	0.23

Iren SpA'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
	=	(638.243	+	0)	/	2806.301
	=	0.23

Iren SpA (MIL:IRE) 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.

Iren SpA Debt-to-Equity Related Terms

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

Iren SpA (MIL:IRE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

IRDEF:USA IREm:UK 0MUN:UK TZ8:Germany

Address

Via Nubi di Magellano, 30, Reggio Emilia, ITA, 42123

Website

https://www.gruppoiren.it

Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services.

Iren SpA (MIL:IRE) Headlines

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