Mmcite AS (XPRA:MMCTE) Debt-to-Equity : 0.87 (As of Dec. 2022)

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What is Mmcite AS Debt-to-Equity?

Mmcite AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was Kč132.5 Mil. Mmcite AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was Kč11.9 Mil. Mmcite AS's Total Stockholders Equity for the quarter that ended in Dec. 2022 was Kč165.5 Mil. Mmcite AS's debt to equity for the quarter that ended in Dec. 2022 was 0.87.

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 Mmcite AS's Debt-to-Equity or its related term are showing as below:

XPRA:MMCTE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.62 Max: 0.87
Current: 0.37

During the past 2 years, the highest Debt-to-Equity Ratio of Mmcite AS was 0.87. The lowest was 0.37. And the median was 0.62.

XPRA:MMCTE's Debt-to-Equity is ranked worse than
52.36% of 382 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.345 vs XPRA:MMCTE: 0.37

Mmcite AS Debt-to-Equity Historical Data

The historical data trend for Mmcite AS'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.

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Mmcite AS Debt-to-Equity Chart

Mmcite AS Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.87

0.37

Mmcite AS Quarterly Data
	Dec22	Dec23
Debt-to-Equity	0.87	0.37

Competitive Comparison of Mmcite AS's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Mmcite AS'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.

Mmcite AS's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Mmcite AS's Debt-to-Equity distribution charts can be found below:

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

Mmcite AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mmcite AS'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
	=	(118.906	+	10.347)	/	346.394
	=	0.37

Mmcite AS's Debt to Equity Ratio for the quarter 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
	=	(132.475	+	11.944)	/	165.548
	=	0.87

Mmcite AS (XPRA:MMCTE) 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.

Mmcite AS Debt-to-Equity Related Terms

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Mmcite AS (XPRA:MMCTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mmcite AS (XPRA:MMCTE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vinohradská 907, Ma?atice, Uherské Hradište, CZE, 686 05

Website

https://www.mmcite.com

Mmcite AS is a company that specializes in design and construction projects for public spaces. Their range of products and services includes the design and realization of both transportation terminals and street furniture, for example such as benches, litter bins, rails and cycle stands. Within the industry of street furniture, it is one of the first manufactures in the world to introduce products created by 3D concrete printing.

Mmcite AS (XPRA:MMCTE) Headlines

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