Porto Aviation Group SpA (MIL:PAG) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is Porto Aviation Group SpA Debt-to-Equity?

Porto Aviation Group SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.05 Mil. Porto Aviation Group SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.99 Mil. Porto Aviation Group SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €3.20 Mil. Porto Aviation Group SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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

MIL:PAG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.29 Max: 0.32
Current: 0.32

During the past 3 years, the highest Debt-to-Equity Ratio of Porto Aviation Group SpA was 0.32. The lowest was 0.12. And the median was 0.29.

MIL:PAG's Debt-to-Equity is ranked better than
57.98% of 257 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs MIL:PAG: 0.32

Porto Aviation Group SpA Debt-to-Equity Historical Data

The historical data trend for Porto Aviation Group 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.

Porto Aviation Group SpA Debt-to-Equity Chart

Porto Aviation Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.29

0.32

Porto Aviation Group SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-Equity	0.12	0.29	0.32

Competitive Comparison of Porto Aviation Group SpA's Debt-to-Equity

For the Aerospace & Defense subindustry, Porto Aviation Group 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.

Porto Aviation Group SpA's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Porto Aviation Group SpA's Debt-to-Equity distribution charts can be found below:

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

Porto Aviation Group SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Porto Aviation Group 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
	=	(0.045	+	0.987)	/	3.197
	=	0.32

Porto Aviation Group 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
	=	(0.045	+	0.987)	/	3.197
	=	0.32

Porto Aviation Group SpA (MIL:PAG) 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.

Porto Aviation Group SpA Debt-to-Equity Related Terms

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Porto Aviation Group SpA (MIL:PAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Porto Aviation Group SpA (MIL:PAG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

M2N:Germany

Address

Via Confalonieri 22, Cremella, Lecco, ITA, 23894

Website

https://www.portoaviationgroup.com

Porto Aviation Group SpA designs, constructs, and markets single-engine aircraft. The group develops an activity of manufacturing aeronautical components, particularly propellers, propeller systems, control systems, wheels, braking systems, hydraulic components, fuel systems, aluminum alloy sections, and tubes.