RICFY (Recordati SpA) Debt-to-Equity : 0.93 (As of Jun. 2024)

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What is Recordati SpA Debt-to-Equity?

Recordati SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $350 Mil. Recordati SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1,456 Mil. Recordati SpA's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $1,943 Mil. Recordati SpA's debt to equity for the quarter that ended in Jun. 2024 was 0.93.

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

RICFY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.75 Max: 1.22
Current: 0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Recordati SpA was 1.22. The lowest was 0.31. And the median was 0.75.

RICFY's Debt-to-Equity is ranked worse than
83.03% of 825 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs RICFY: 0.93

Recordati SpA Debt-to-Equity Historical Data

The historical data trend for Recordati 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.

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Recordati SpA Debt-to-Equity Chart

Recordati SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.92

0.83

0.72

1.11

1.07

Recordati SpA Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.16	1.05	1.07	0.95	0.93

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

For the Drug Manufacturers - General subindustry, Recordati 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.

Recordati SpA's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Recordati SpA's Debt-to-Equity distribution charts can be found below:

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

Recordati SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Recordati 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
	=	(496.929	+	1475.699)	/	1839.032
	=	1.07

Recordati SpA's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(350.203	+	1455.66)	/	1942.665
	=	0.93

Recordati SpA (OTCPK:RICFY) 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.

Recordati SpA Debt-to-Equity Related Terms

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Recordati SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Recordati SpA (OTCPK:RICFY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RCDTF:USA REC:Italy RECm:UK 0KBS:UK RER1:Germany

Address

Via Matteo Civitali 1, MIlan, ITA, 20148

Website

https://www.recordati.com

Recordati SpA is a drug manufacturing company that focuses on specialty pharmaceuticals. The company produces and promotes medicines globally that focus on primary-care therapies and rare diseases. Recordati uses strategic partnerships as part of its long-term growth. The vast majority of the company's revenue is generated in Italy, followed by the United States, France, and Germany. Recordati reports two operating segments: Specialty and Primary care and Rare diseases. The bulk of the company's profit is derived from its specialty and primary care segment which includes the production of active ingredients.