Solteq Oyj (OHEL:SOLTEQ) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Solteq Oyj Debt-to-Equity?

Solteq Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1.32 Mil. Solteq Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.21 Mil. Solteq Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €16.45 Mil. Solteq Oyj's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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

OHEL:SOLTEQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.72 Max: 1.84
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Solteq Oyj was 1.84. The lowest was 0.09. And the median was 0.72.

OHEL:SOLTEQ's Debt-to-Equity is ranked better than
67.42% of 2207 companies
in the Software industry
Industry Median: 0.21 vs OHEL:SOLTEQ: 0.09

Solteq Oyj Debt-to-Equity Historical Data

The historical data trend for Solteq 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.

Solteq Oyj Debt-to-Equity Chart

Solteq Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.43

1.18

1.05

1.49

1.53

Solteq 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															0.14	0.11	0.09	1.53	0.09

Competitive Comparison of Solteq Oyj's Debt-to-Equity

For the Information Technology Services subindustry, Solteq 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.

Solteq Oyj's Debt-to-Equity Distribution in the Software Industry

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

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

Solteq Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solteq 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
	=	(25.705	+	0.652)	/	17.219
	=	1.53

Solteq 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
	=	(1.321	+	0.206)	/	16.45
	=	0.09

Solteq Oyj (OHEL:SOLTEQ) 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.

Solteq Oyj Debt-to-Equity Related Terms

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

Solteq Oyj (OHEL:SOLTEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Solteq Oyj (OHEL:SOLTEQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

B3M:Germany

Address

Karhumäenkuja 2, Vantaa, FIN, 01530

Website

https://www.solteq.com

Solteq Oyj is a provider of IT services and software solutions specializing in the digitalization of business and industry-specific software in sectors including retail, industry, energy, and services. It operates in Finland, Sweden, Norway, Denmark, Poland, and the UK. It has two business segments: Solteq Software includes businesses based on the Company's own products. The segment's revenue is mainly derived from license and maintenance fees for Solteq's own products, and related services such as integrations and implementation projects, and the Solteq Digital segment mainly comprises IT services. These services include consulting, the implementation of customer systems as projects, continuous development services, and maintenance.

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