Ferronordic AB (LTS:0RVG) Debt-to-Equity : 1.04 (As of Mar. 2024)

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What is Ferronordic AB Debt-to-Equity?

Ferronordic AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,097 Mil. Ferronordic AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr663 Mil. Ferronordic AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr1,698 Mil. Ferronordic AB's debt to equity for the quarter that ended in Mar. 2024 was 1.04.

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

LTS:0RVG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.47 Max: 1.49
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Ferronordic AB was 1.49. The lowest was 0.06. And the median was 0.47.

LTS:0RVG's Debt-to-Equity is ranked worse than
79.1% of 134 companies
in the Industrial Distribution industry
Industry Median: 0.51 vs LTS:0RVG: 1.04

Ferronordic AB Debt-to-Equity Historical Data

The historical data trend for Ferronordic 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.

* Premium members only.

Ferronordic AB Debt-to-Equity Chart

Ferronordic AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.25

0.72

0.88

0.39

1.10

Ferronordic 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															0.47	0.32	0.33	1.10	1.04

Competitive Comparison of Ferronordic AB's Debt-to-Equity

For the Industrial Distribution subindustry, Ferronordic 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.

Ferronordic AB's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Ferronordic AB's Debt-to-Equity distribution charts can be found below:

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

Ferronordic AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ferronordic 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
	=	(1046	+	730)	/	1622
	=	1.09

Ferronordic 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
	=	(1097	+	663)	/	1698
	=	1.04

Ferronordic AB (LTS:0RVG) 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.

Ferronordic AB Debt-to-Equity Related Terms

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

Ferronordic AB (LTS:0RVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ferronordic AB (LTS:0RVG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FNM:Sweden

Address

Nybrogatan 6, Stockholm, SWE, SE114 34

Website

https://www.ferronordic.com

Ferronordic AB is engaged in sales, rents, and services of construction equipment and other machinery. The company is authorized dealer of Volvo Construction Equipment, Terex Trucks, Dressta, Mecalac and Rottne and also appointed as aftermarket dealer for Volvo and Renault Trucks and dealer for Volvo Penta. The Group has two reporting segments: Germany and CIS (the Commonwealth of Independent States). The Germany segment comprises comprises of sales of new and used trucks, aftermarket sales, rental, and other services in Germany. CIS comprises of sales of new and used construction and other equipment, aftermarket sales, rental, contracting services and other services in CIS and currently only in Kazakhstan.

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