029 Group SE (XTER:Z29) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is 029 Group SE Debt-to-Equity?

029 Group SE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. 029 Group SE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. 029 Group SE's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €15.66 Mil. 029 Group SE's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 029 Group SE's Debt-to-Equity or its related term are showing as below:

XTER:Z29's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

029 Group SE Debt-to-Equity Historical Data

The historical data trend for 029 Group SE'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.

029 Group SE Debt-to-Equity Chart

029 Group SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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029 Group SE Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					-	N/A	-	-	-

Competitive Comparison of 029 Group SE's Debt-to-Equity

For the Asset Management subindustry, 029 Group SE'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.

029 Group SE's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 029 Group SE's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 029 Group SE's Debt-to-Equity falls into.

029 Group SE Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

029 Group SE'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	+	0)	/	15.656
	=	0.00

029 Group SE'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	+	0)	/	15.656
	=	0.00

029 Group SE (XTER:Z29) 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.

029 Group SE Debt-to-Equity Related Terms

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029 Group SE (XTER:Z29) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 029 Group SE (XTER:Z29) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

Z29:Germany

Address

Neue Schonhauserstr. 3-5, Berlin, DEU, 10178

Website

https://www.029-group.com/de

029 Group SE is a hospitality and lifestyle platform blending luxury, technology, and community to build and support category-defining brands aimed at making people's lives happier. The company investment is focused on two business sectors which are Hospitality and Lifestyle. The company operates in three segments Hospitality, Enabling Technologies, and Consumer Brands.

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