Norrhydro Group Oyj (OHEL:NORRH) Debt-to-Equity : 1.24 (As of Dec. 2023)

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What is Norrhydro Group Oyj Debt-to-Equity?

Norrhydro Group Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.78 Mil. Norrhydro Group Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.25 Mil. Norrhydro Group Oyj's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €8.87 Mil. Norrhydro Group Oyj's debt to equity for the quarter that ended in Dec. 2023 was 1.24.

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

OHEL:NORRH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 1.24 Max: 5.34
Current: 1.24

During the past 5 years, the highest Debt-to-Equity Ratio of Norrhydro Group Oyj was 5.34. The lowest was 0.61. And the median was 1.24.

OHEL:NORRH's Debt-to-Equity is ranked worse than
90.45% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs OHEL:NORRH: 1.24

Norrhydro Group Oyj Debt-to-Equity Historical Data

The historical data trend for Norrhydro Group 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.

Norrhydro Group Oyj Debt-to-Equity Chart

Norrhydro Group Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

5.34

2.14

0.61

0.97

1.24

Norrhydro Group Oyj Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.61	0.52	0.97	0.94	1.24

Competitive Comparison of Norrhydro Group Oyj's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Norrhydro Group 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.

Norrhydro Group Oyj's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Norrhydro Group Oyj's Debt-to-Equity distribution charts can be found below:

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

Norrhydro Group Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Norrhydro Group 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
	=	(3.782	+	7.251)	/	8.872
	=	1.24

Norrhydro Group Oyj's Debt to Equity Ratio for the quarter 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
	=	(3.782	+	7.251)	/	8.872
	=	1.24

Norrhydro Group Oyj (OHEL:NORRH) 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.

Norrhydro Group Oyj Debt-to-Equity Related Terms

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Norrhydro Group Oyj (OHEL:NORRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Norrhydro Group Oyj (OHEL:NORRH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

U7X:Germany

Address

Ratavartijankatu 2, P.O.Box 8075, Rovaniemi, FIN, 96100

Website

https://www.norrhydro.com

Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forest machine, material handling, mining, civil engineering, and marine industries.

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