Lassila & Tikanoja Oyj (OHEL:LAT1V) Debt-to-Equity : 0.99 (As of Mar. 2024)

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What is Lassila & Tikanoja Oyj Debt-to-Equity?

Lassila & Tikanoja Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €31.8 Mil. Lassila & Tikanoja Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €176.5 Mil. Lassila & Tikanoja Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €210.2 Mil. Lassila & Tikanoja Oyj's debt to equity for the quarter that ended in Mar. 2024 was 0.99.

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 Lassila & Tikanoja Oyj's Debt-to-Equity or its related term are showing as below:

OHEL:LAT1V' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.98 Max: 1.2
Current: 0.99

During the past 13 years, the highest Debt-to-Equity Ratio of Lassila & Tikanoja Oyj was 1.20. The lowest was 0.30. And the median was 0.98.

OHEL:LAT1V's Debt-to-Equity is ranked worse than
66.52% of 221 companies
in the Waste Management industry
Industry Median: 0.74 vs OHEL:LAT1V: 0.99

Lassila & Tikanoja Oyj Debt-to-Equity Historical Data

The historical data trend for Lassila & Tikanoja Oyj'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.

Lassila & Tikanoja Oyj Debt-to-Equity Chart

Lassila & Tikanoja Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.88

0.97

0.93

0.98

0.83

Lassila & Tikanoja Oyj 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															1.08	1.01	0.89	0.83	0.99

Competitive Comparison of Lassila & Tikanoja Oyj's Debt-to-Equity

For the Waste Management subindustry, Lassila & Tikanoja Oyj'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.

Lassila & Tikanoja Oyj's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Lassila & Tikanoja Oyj's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lassila & Tikanoja Oyj's Debt-to-Equity falls into.

Lassila & Tikanoja Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lassila & Tikanoja Oyj'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
	=	(22.1	+	171.6)	/	232.2
	=	0.83

Lassila & Tikanoja Oyj'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
	=	(31.8	+	176.5)	/	210.2
	=	0.99

Lassila & Tikanoja Oyj (OHEL:LAT1V) 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.

Lassila & Tikanoja Oyj Debt-to-Equity Related Terms

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

Lassila & Tikanoja Oyj (OHEL:LAT1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Lassila & Tikanoja Oyj (OHEL:LAT1V) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LT5:Germany

Address

Valimotie 27, Helsinki, FIN, FIN-00380

Website

https://www.lt.fi

Lassila & Tikanoja Oyj provides waste management and recycling operations, cleaning and repair services, construction, and other environment-related activities. It works to reduce waste, extend useful lives of properties, recover materials, and reduce energy consumption. The company manages different forms of waste, including electrical equipment and paper. The waste is transformed into raw materials and fuel for power plants. Lassila & Tikanoja has four primary business divisions: environmental services, industrial services, facility services, and renewable energy sources. Cleaning staff become familiar with customers' premises and perform environmentally friendly cleaning methods. In addition, the company provides maintenance and installation for technical equipment and machinery.

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