TopRight Nordic AB (NGM:TOPR) Debt-to-Equity : -0.03 (As of Sep. 2023)

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What is TopRight Nordic AB Debt-to-Equity?

TopRight Nordic AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr1.7 Mil. TopRight Nordic AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr0.0 Mil. TopRight Nordic AB's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr-57.9 Mil. TopRight Nordic AB's debt to equity for the quarter that ended in Sep. 2023 was -0.03.

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

NGM:TOPR' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.32 Med: 0.16 Max: 1.53
Current: -0.03

During the past 7 years, the highest Debt-to-Equity Ratio of TopRight Nordic AB was 1.53. The lowest was -0.32. And the median was 0.16.

NGM:TOPR's Debt-to-Equity is not ranked
in the Business Services industry.
Industry Median: 0.37 vs NGM:TOPR: -0.03

TopRight Nordic AB Debt-to-Equity Historical Data

The historical data trend for TopRight Nordic 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.

TopRight Nordic AB Debt-to-Equity Chart

TopRight Nordic AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.12

0.30

0.11

0.44

TopRight Nordic AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.44	1.53	-0.32	-0.03

Competitive Comparison of TopRight Nordic AB's Debt-to-Equity

For the Security & Protection Services subindustry, TopRight Nordic 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.

TopRight Nordic AB's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, TopRight Nordic AB's Debt-to-Equity distribution charts can be found below:

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

TopRight Nordic AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TopRight Nordic AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(9.066	+	0.135)	/	21.078
	=	0.44

TopRight Nordic AB's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.747	+	0)	/	-57.933
	=	-0.03

TopRight Nordic AB (NGM:TOPR) 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.

TopRight Nordic AB Debt-to-Equity Related Terms

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TopRight Nordic AB (NGM:TOPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TopRight Nordic AB (NGM:TOPR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taptogatan 6, Stockholm, SWE, 115 26

Website

https://www.toprightnordic.com

TopRight Nordic AB is engaged in modern light technology and digital glass. The company's solutions improve road safety, help brands to be brand new and transform traditional exposure areas to interactive viewing windows. It has three business areas: BRIGHT Attention, BRIGHT Safety, and SMART Glass. BRIGHT Attention offers unique solutions to create attention. BRIGHT Safety offers standard products, customized solutions and safety kits with lighting technology that contribute to a safer existence on roads and for the professional teams working in the dark. SMART Glass offers glass surfaces that can become lighting, windows, wall and screen in one.

TopRight Nordic AB (NGM:TOPR) Headlines

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