Byggmax Group AB (LTS:0MR4) Debt-to-Equity : 1.30 (As of Mar. 2024)

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What is Byggmax Group AB Debt-to-Equity?

Byggmax Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,453 Mil. Byggmax Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,432 Mil. Byggmax Group AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr2,223 Mil. Byggmax Group AB's debt to equity for the quarter that ended in Mar. 2024 was 1.30.

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

LTS:0MR4' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.91 Max: 2.11
Current: 1.3

During the past 13 years, the highest Debt-to-Equity Ratio of Byggmax Group AB was 2.11. The lowest was 0.18. And the median was 0.91.

LTS:0MR4's Debt-to-Equity is ranked worse than
75.9% of 1000 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs LTS:0MR4: 1.30

Byggmax Group AB Debt-to-Equity Historical Data

The historical data trend for Byggmax Group AB'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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Byggmax Group AB Debt-to-Equity Chart

Byggmax Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.75

0.88

0.97

1.22

1.16

Byggmax Group AB 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															1.48	1.12	1.02	1.16	1.30

Competitive Comparison of Byggmax Group AB's Debt-to-Equity

For the Home Improvement Retail subindustry, Byggmax Group AB'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.

Byggmax Group AB's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Byggmax Group AB's Debt-to-Equity distribution charts can be found below:

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

Byggmax Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Byggmax Group AB'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
	=	(1379	+	1363)	/	2361
	=	1.16

Byggmax Group AB'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
	=	(1453	+	1432)	/	2223
	=	1.30

Byggmax Group AB (LTS:0MR4) 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.

Byggmax Group AB Debt-to-Equity Related Terms

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Byggmax Group AB (LTS:0MR4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Byggmax Group AB (LTS:0MR4) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BMAX:Sweden

Address

Armegatan 38, Solna, SWE, 171 71

Website

https://www.byggmax.se

Byggmax Group AB is engaged in the discount retail of building supply materials. The business concept is to retail high-quality building supplies at the lowest possible price. The business activities are primarily conducted in Sweden, Norway, Denmark, and Finland. In addition to the Byggmax stores, there is a serviced office that manages purchasing, accounting, and finance as well as IT functions across the stores. The company offers timber, insulation products, doors, windows, sheets, boards, and paints.

Byggmax Group AB (LTS:0MR4) Headlines

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