Viafin Service Oyj (OHEL:VIAFIN) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Viafin Service Oyj Debt-to-Equity?

Viafin Service Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.19 Mil. Viafin Service Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.01 Mil. Viafin Service Oyj's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €23.10 Mil. Viafin Service Oyj's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

OHEL:VIAFIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.05
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Viafin Service Oyj was 0.05. The lowest was 0.01. And the median was 0.03.

OHEL:VIAFIN's Debt-to-Equity is ranked better than
99.96% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs OHEL:VIAFIN: 0.01

Viafin Service Oyj Debt-to-Equity Historical Data

The historical data trend for Viafin Service 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.

Viafin Service Oyj Debt-to-Equity Chart

Viafin Service Oyj Annual Data

Trend

Jul17

Jul18

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.04

0.02

0.01

Viafin Service Oyj Semi-Annual Data
	Jul17	Jul18	Jan19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.04	0.03	0.02	0.02	0.01

Competitive Comparison of Viafin Service Oyj's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Viafin Service 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.

Viafin Service Oyj's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Viafin Service Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Viafin Service 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
	=	(0.189	+	0.006)	/	23.095
	=	0.01

Viafin Service 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
	=	(0.189	+	0.006)	/	23.095
	=	0.01

Viafin Service Oyj (OHEL:VIAFIN) 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.

Viafin Service Oyj Debt-to-Equity Related Terms

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

Viafin Service Oyj (OHEL:VIAFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Viafin Service Oyj (OHEL:VIAFIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kullervonkatu 15, Tampere, FIN, 33500

Website

http://www.viafinservice.fi

Viafin Service Oyj is specialized in industrial maintenance services, installation, and maintenance of industrial piping, equipment, and gas-based systems. It offers wide range of services includes maintenance and system supply of LNG and biogas systems, gas grids, and gas filling stations. The company's business is mainly in Finland and its clientele consists of several major companies in the pulp, energy, chemical, and metal industry.

Viafin Service Oyj (OHEL:VIAFIN) Headlines

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