Sparebanken More (OSL:MORG) Debt-to-Equity : 4.38 (As of Mar. 2024)

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What is Sparebanken More Debt-to-Equity?

Sparebanken More's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil. Sparebanken More's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr40,149 Mil. Sparebanken More's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr9,173 Mil. Sparebanken More's debt to equity for the quarter that ended in Mar. 2024 was 4.38.

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 Sparebanken More's Debt-to-Equity or its related term are showing as below:

OSL:MORG' s Debt-to-Equity Range Over the Past 10 Years
Min: 4.02 Med: 4.46 Max: 5.01
Current: 4.38

During the past 13 years, the highest Debt-to-Equity Ratio of Sparebanken More was 5.01. The lowest was 4.02. And the median was 4.46.

OSL:MORG's Debt-to-Equity is ranked worse than
95.85% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs OSL:MORG: 4.38

Sparebanken More Debt-to-Equity Historical Data

The historical data trend for Sparebanken More'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.

Sparebanken More Debt-to-Equity Chart

Sparebanken More Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.27

4.40

4.22

4.40

4.47

Sparebanken More 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															4.95	4.93	4.50	4.47	4.38

Competitive Comparison of Sparebanken More's Debt-to-Equity

For the Banks - Regional subindustry, Sparebanken More'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.

Sparebanken More's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sparebanken More's Debt-to-Equity distribution charts can be found below:

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

Sparebanken More Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sparebanken More'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	+	38754)	/	8680
	=	4.46

Sparebanken More'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	+	40149)	/	9173
	=	4.38

Sparebanken More (OSL:MORG) 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.

Sparebanken More Debt-to-Equity Related Terms

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

Sparebanken More (OSL:MORG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sparebanken More (OSL:MORG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MORGo:UK

Address

Kipervikgata 6, Ålesund, NOR, 6003

Website

https://www.sbm.no

Sparebanken Møre is a Norway-based banking corporation. It engaged in providing retail and commercial banking services to its customers. Products and services provided by the company include deposits, saving accounts, asset management, financial advisory services, payment transfers, foreign exchange and interest trading, insurance, and real estate brokerage. In addition, the company also provides real estate brokerage services for both residential homes and commercial properties. It mainly concentrates on maritime, offshore and supply, real estate, trade, and services as well as insurance industries. It firm manages its business into three segments Corporate, Retail, and Real estate brokerage. The revenue of the company comprises interest, fees, commission, and other income.

Sparebanken More (OSL:MORG) Headlines

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