Purmo Group (OHEL:PURMO) Debt-to-Equity : 0.75 (As of Mar. 2024)

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What is Purmo Group Debt-to-Equity?

Purmo Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €20.9 Mil. Purmo Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €306.7 Mil. Purmo Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €437.6 Mil. Purmo Group's debt to equity for the quarter that ended in Mar. 2024 was 0.75.

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

OHEL:PURMO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.75 Max: 1.07
Current: 0.75

During the past 7 years, the highest Debt-to-Equity Ratio of Purmo Group was 1.07. The lowest was 0.25. And the median was 0.75.

OHEL:PURMO's Debt-to-Equity is ranked worse than
66.58% of 1514 companies
in the Construction industry
Industry Median: 0.44 vs OHEL:PURMO: 0.75

Purmo Group Debt-to-Equity Historical Data

The historical data trend for Purmo Group'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.

Purmo Group Debt-to-Equity Chart

Purmo Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.25

1.07

0.83

0.75

Purmo Group Quarterly Data
	Dec19	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												0.70	0.69	0.70	0.75	0.75

Competitive Comparison of Purmo Group's Debt-to-Equity

For the Building Products & Equipment subindustry, Purmo Group'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.

Purmo Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Purmo Group's Debt-to-Equity distribution charts can be found below:

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

Purmo Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Purmo Group'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
	=	(17.7	+	309.6)	/	435.8
	=	0.75

Purmo Group'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
	=	(20.9	+	306.7)	/	437.6
	=	0.75

Purmo Group (OHEL:PURMO) 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.

Purmo Group Debt-to-Equity Related Terms

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

Purmo Group (OHEL:PURMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Purmo Group PLC (OHEL:PURMO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4M9:Germany

Address

Bulevardi 46, P.O. Box 115, Helsinki, FIN, 00120

Website

https://www.purmogroup.com

Purmo Group PLC offers sustainable indoor climate comfort solutions in Europe. The company's operating segments include two divisions: Radiators and ICS. It generates the majority of the revenue from the Radiators segment which manufactures two broader product categories: panel radiators comprised of horizontal and decorative panel radiators and vertical decorative radiators, and other radiators comprised of towel warmers, decorative tubular radiators, and electric radiators. Its ICS division provides a comprehensive range of components to wholesalers, specifiers, and installers comprising four product categories; radiant heating and cooling, air heating and cooling, water distribution systems, and system components and controls.

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