Tulikivi Oyj (OHEL:TULAV) Debt-to-Equity : 0.55 (As of Mar. 2024)

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What is Tulikivi Oyj Debt-to-Equity?

Tulikivi Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil. Tulikivi Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €10.00 Mil. Tulikivi Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €18.20 Mil. Tulikivi Oyj's debt to equity for the quarter that ended in Mar. 2024 was 0.55.

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

OHEL:TULAV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 1.08 Max: 2.09
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Tulikivi Oyj was 2.09. The lowest was 0.07. And the median was 1.08.

OHEL:TULAV's Debt-to-Equity is ranked worse than
56.44% of 1513 companies
in the Construction industry
Industry Median: 0.44 vs OHEL:TULAV: 0.55

Tulikivi Oyj Debt-to-Equity Historical Data

The historical data trend for Tulikivi 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.

Tulikivi Oyj Debt-to-Equity Chart

Tulikivi Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.03

1.99

1.34

0.82

0.58

Tulikivi 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															0.74	0.68	0.63	0.58	0.55

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

For the Building Products & Equipment subindustry, Tulikivi 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.

Tulikivi Oyj's Debt-to-Equity Distribution in the Construction Industry

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

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

Tulikivi Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tulikivi 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
	=	(2.028	+	8.534)	/	18.134
	=	0.58

Tulikivi 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
	=	(0	+	10)	/	18.2
	=	0.55

Tulikivi Oyj (OHEL:TULAV) 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.

Tulikivi Oyj Debt-to-Equity Related Terms

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

Tulikivi Oyj (OHEL:TULAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tulikivi Oyj (OHEL:TULAV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kuhnustantie 22, Juuka, FIN, FI-83900

Website

https://www.tulikivi.com

Tulikivi Oyj specializes in high-quality fireplaces, sauna heaters and decorative stone products made from natural materials. The company's factories are located in Juuka, Suomussalmi, and Heinävesi. In factories it manufactures fireplaces from both soapstone and ceramic pulp, as well as surface upholstery for other fireplace manufacturers. In addition, it manufactures the most modern, versatile heaters on the market for both wood and electric saunas. The group also provides wonderful decorative stone solutions for all areas of the home, stone countertops and tiles and mosaics.

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