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Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in Earnings Before Interest and Taxes (EBIT). Mace Security International's Degree of Financial Leverage for the quarter that ended in Mar. 2023 was 0.00. The higher Degree of Financial Leverage, the more volatile earnings will be.
The industry rank for Mace Security International's Degree of Financial Leverage or its related term are showing as below:
The historical data trend for Mace Security International's Degree of Financial Leverage 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.
Mace Security International Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Degree of Financial Leverage | Get a 7-Day Free Trial | -0.05 | 0.49 | 1.04 | 0.92 | 0.99 |
Mace Security International Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Degree of Financial Leverage | Get a 7-Day Free Trial | 0.92 | 0.98 | 0.97 | 0.99 | -0.24 |
For the Security & Protection Services subindustry, Mace Security International's Degree of Financial Leverage, along with its competitors' market caps and Degree of Financial Leverage 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.
For the Business Services industry and Industrials sector, Mace Security International's Degree of Financial Leverage distribution charts can be found below:
* The bar in red indicates where Mace Security International's Degree of Financial Leverage falls into.
Mace Security International's Degree of Financial Leverage for the quarter that ended in Mar. 2023 is calculated as:
Degree of Financial Leverage | = | % Change in Earnings per Share (Diluted)** | / | % Change in EBIT |
= | ( -0.034 (Mar. 2023) / 0.002 (Mar. 2022) - 1 ) | / | ( -1.81 (Mar. 2023) / -0.024 (Mar. 2022) - 1 ) | |
= | -18 | / | 74.4167 | |
= | -0.24*** |
* 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.
** TTM data of EPS and EBIT was used to calculate Degree of Financial Leverage.
*** Please be aware that the Degree of Financial Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Mace Security International (OTCPK:MACE) Degree of Financial Leverage Explanation
Degree of Financial Leverage (DFL) is a leverage ratio that measures the sensitivity of a company’s Earnings per Share (EPS) to fluctuations in its operating income, also referred to as Earnings Before Interest and Taxes (EBIT), resulting from adjustments in its capital structure. DFL is an essential tool for companies to assess the appropriate level of debt or financial leverage in their capital structure. When EBIT remains relatively stable, it results in stable earnings and earnings per share. In such cases, the company may consider taking on substantial debt. However, for companies operating in industries with significant fluctuations in EBIT, it is advisable to keep debt at a manageable level.
The higher Degree of Financial Leverage, the more volatile earnings will be. Because interest is a fixed expense, leverage can amplify earnings and EPS. This is beneficial when EBIT is growing, but it can become problematic in tough economic conditions when EBIT is under pressure.
Be Aware
The use of financial leverage varies across different industries and business sectors, and the application of Degree of Financial Leverage (DFL) should be adjusted accordingly.
Thank you for viewing the detailed overview of Mace Security International's Degree of Financial Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard A Barone | director | ONE CHAGRIN HIGHLANDS, 2000 AUBURN DRIVE SUITE 300, CLEVELAND OH 44122 |
John Joseph Mccann | director, officer: CEO | 17410 TALL TREE TRAIL, CHAGRIN FALLS OH 44023 |
Daniel V Perella | director | 5991 HEATHER LANE, HUDSON OH 44236 |
Denis J Amato | director | ONE CHAGRIN HIGHLAND, 2000 AUBURN DRIVE #300, CLEVELAND OH 44122 |
Larry I Pollock | director | BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108 |
Dennis R Raefield | director, officer: Chief Executive Officer | 4 ORCHARD LN, ALAMO CA 94507 |
Michael E Smith | director | 240 GIBRALTAR ROAD, SUITE 220, HORSHAM PA 19044 |
John C Mallon | director | 350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017 |
Lawndale Capital Management Llc | 10 percent owner | 591 REDWOOD HIGHWAY, SUITE 2345, MILL VALLEY CA 94941 |
Andrew E Shapiro | 10 percent owner | 591 REDWOOD HIGHWAY, SUITE 2345, MILL VALLEY CA 94941 |
Gerald T Laflamme | director | 2355 S ARLINGTON HEIGHTS RD STE 400, ARLIGTON HEIGHTS IL 60005 |
Ronald R Pollo | officer: Chief Accounting Officer | 1000 CRAWFORD PL, SUITE 400, MT LAUREL NJ 08054 |
Papadakis Constantine | director | 75 CRESTLINE RD, WAYNE NJ 19087 |
Gregory M Krzemien | officer: Cheif Financial Officer | 1000 CRAWFORD PL, SUITE 400, MT LAUREL NJ 08054 |
Matthew Joseph Paolino | director | 1000 CRAWFORD PLAZA, SUITE 400, MOUNT LAUREL NJ 08054 |
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