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Creturner Group AB (NGM:CRET) Debt-to-Equity : 0.04 (As of Sep. 2023)


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What is Creturner Group AB Debt-to-Equity?

Creturner Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr0.61 Mil. Creturner Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr5.42 Mil. Creturner Group AB's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr157.15 Mil. Creturner Group AB's debt to equity for the quarter that ended in Sep. 2023 was 0.04.

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

NGM:CRET' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.04   Max: 0.09
Current: 0.04

During the past 5 years, the highest Debt-to-Equity Ratio of Creturner Group AB was 0.09. The lowest was 0.01. And the median was 0.04.

NGM:CRET's Debt-to-Equity is ranked better than
82% of 2222 companies
in the Software industry
Industry Median: 0.21 vs NGM:CRET: 0.04

Creturner Group AB Debt-to-Equity Historical Data

The historical data trend for Creturner 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.

* Premium members only.

Creturner Group AB Debt-to-Equity Chart

Creturner Group AB Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
- - 0.02 0.07 0.04

Creturner Group AB Quarterly Data
Dec18 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.04 0.04 0.04 0.04

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

For the Software - Application subindustry, Creturner 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.


Creturner Group AB's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Creturner Group AB's Debt-to-Equity distribution charts can be found below:

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



Creturner Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Creturner Group AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Creturner Group AB's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

* 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.


Creturner Group AB  (NGM:CRET) 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.


Creturner Group AB Debt-to-Equity Related Terms

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


Creturner Group AB (NGM:CRET) Business Description

Traded in Other Exchanges
Address
Atlasvagen 2, Smedjebacken, SWE, 77734
Creturner Group AB is a greentech company that operates as a technical calculation company with the help of renewable energy from CO2.

Creturner Group AB (NGM:CRET) Headlines

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