Romsdal Sparebank (OSL:ROMSB) Debt-to-Equity : 1.37 (As of Dec. 2023)

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What is Romsdal Sparebank Debt-to-Equity?

Romsdal Sparebank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr0.0 Mil. Romsdal Sparebank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr1,289.6 Mil. Romsdal Sparebank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr944.4 Mil. Romsdal Sparebank's debt to equity for the quarter that ended in Dec. 2023 was 1.37.

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 Romsdal Sparebank's Debt-to-Equity or its related term are showing as below:

OSL:ROMSB' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.17 Med: 1.66 Max: 2.27
Current: 1.37

During the past 7 years, the highest Debt-to-Equity Ratio of Romsdal Sparebank was 2.27. The lowest was 1.17. And the median was 1.66.

OSL:ROMSB's Debt-to-Equity is ranked worse than
89.74% of 302 companies
in the Diversified Financial Services industry
Industry Median: 0.12 vs OSL:ROMSB: 1.37

Romsdal Sparebank Debt-to-Equity Historical Data

The historical data trend for Romsdal Sparebank'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.

Romsdal Sparebank Debt-to-Equity Chart

Romsdal Sparebank Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.27

1.66

1.27

1.17

1.37

Romsdal Sparebank Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.17	1.19	1.26	1.27	1.37

Competitive Comparison of Romsdal Sparebank's Debt-to-Equity

For the Financial Conglomerates subindustry, Romsdal Sparebank'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.

Romsdal Sparebank's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Romsdal Sparebank's Debt-to-Equity distribution charts can be found below:

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

Romsdal Sparebank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Romsdal Sparebank'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	+	1289.623)	/	944.428
	=	1.37

Romsdal Sparebank'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	+	1289.623)	/	944.428
	=	1.37

Romsdal Sparebank (OSL:ROMSB) 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.

Romsdal Sparebank Debt-to-Equity Related Terms

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

Romsdal Sparebank (OSL:ROMSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Romsdal Sparebank (OSL:ROMSB) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Torget 14, Elnesvagen, NOR, 6440

Website

https://www.romsdalsbanken.no

Romsdal Sparebank offers comprehensive banking and insurance solutions for both retail and corporate customers. The company's services include mobile banking, online banking, bank cards, overseas payments, car loans, mortgage, loans for other vehicles, small loans and refinancing, fund savings, retirement savings, among others.

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