DSV AS (OCSE:DSV) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is DSV AS Debt-to-Equity?

DSV AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr7,856 Mil. DSV AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr35,599 Mil. DSV AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr68,629 Mil. DSV AS's debt to equity for the quarter that ended in Mar. 2024 was 0.63.

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

OCSE:DSV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.55 Max: 1.17
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of DSV AS was 1.17. The lowest was 0.39. And the median was 0.55.

OCSE:DSV's Debt-to-Equity is ranked worse than
54.75% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs OCSE:DSV: 0.63

DSV AS Debt-to-Equity Historical Data

The historical data trend for DSV 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.

* Premium members only.

DSV AS Debt-to-Equity Chart

DSV AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.45

0.50

0.55

0.58

DSV AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.56	0.56	0.57	0.58	0.63

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

For the Integrated Freight & Logistics subindustry, DSV 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.

DSV AS's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DSV AS's Debt-to-Equity distribution charts can be found below:

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

DSV AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DSV 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
	=	(5947	+	34143)	/	68703
	=	0.58

DSV AS's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(7856	+	35599)	/	68629
	=	0.63

DSV AS (OCSE:DSV) 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.

DSV AS Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of DSV AS's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

DSV AS (OCSE:DSV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DSV AS (OCSE:DSV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DSDVY:USA DSDVF:USA 0JN9:Mexico DSVc:UK 0JN9:UK DS81:Germany

Address

Hovedgaden 630, Hedehusene, DNK, 2640

Website

https://www.dsv.com

DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, sea, and train, with the bulk of its activities coming from its European trucking network and airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021. This acquisition further diversifies its revenue base away from European road freight and adds scale in key regions such as the Middle East. It also moves DSV into third spot among the largest 3PL firms globally.

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