Nova Klubburinn hf (OISE:NOVA) Debt-to-Equity : 0.93 (As of Mar. 2024)

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What is Nova Klubburinn hf Debt-to-Equity?

Nova Klubburinn hf's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr366 Mil. Nova Klubburinn hf's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr8,311 Mil. Nova Klubburinn hf's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr9,365 Mil. Nova Klubburinn hf's debt to equity for the quarter that ended in Mar. 2024 was 0.93.

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 Nova Klubburinn hf's Debt-to-Equity or its related term are showing as below:

OISE:NOVA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 0.94 Max: 2.44
Current: 0.93

During the past 5 years, the highest Debt-to-Equity Ratio of Nova Klubburinn hf was 2.44. The lowest was 0.81. And the median was 0.94.

OISE:NOVA's Debt-to-Equity is ranked worse than
64.04% of 342 companies
in the Telecommunication Services industry
Industry Median: 0.64 vs OISE:NOVA: 0.93

Nova Klubburinn hf Debt-to-Equity Historical Data

The historical data trend for Nova Klubburinn hf'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.

Nova Klubburinn hf Debt-to-Equity Chart

Nova Klubburinn hf Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.90

0.81

2.44

0.96

0.93

Nova Klubburinn hf Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.97	0.96	0.95	0.93	0.93

Competitive Comparison of Nova Klubburinn hf's Debt-to-Equity

For the Telecom Services subindustry, Nova Klubburinn hf'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.

Nova Klubburinn hf's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Nova Klubburinn hf's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nova Klubburinn hf's Debt-to-Equity falls into.

Nova Klubburinn hf Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nova Klubburinn hf'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
	=	(343.514	+	8323.508)	/	9277.011
	=	0.93

Nova Klubburinn hf'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
	=	(365.879	+	8310.514)	/	9365.279
	=	0.93

Nova Klubburinn hf (OISE:NOVA) 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.

Nova Klubburinn hf Debt-to-Equity Related Terms

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Nova Klubburinn hf (OISE:NOVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Nova Klubburinn hf (OISE:NOVA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lágmúli 9, Reykjavík, ISL, 108

Website

https://www.nova.is

Nova Klubburinn hf a full-service telecommunications company operating in Iceland. Nova's customers are individuals and small and medium sized corporations. It operates through three key business areas: mobile network, Fixed network and Goods sold and Others.