Sparebank 1 Ostfold Akershus (OSL:SOAG) Debt-to-Equity : 1.04 (As of Mar. 2024)

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What is Sparebank 1 Ostfold Akershus Debt-to-Equity?

Sparebank 1 Ostfold Akershus's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil. Sparebank 1 Ostfold Akershus's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr4,548 Mil. Sparebank 1 Ostfold Akershus's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr4,377 Mil. Sparebank 1 Ostfold Akershus's debt to equity for the quarter that ended in Mar. 2024 was 1.04.

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 Sparebank 1 Ostfold Akershus's Debt-to-Equity or its related term are showing as below:

OSL:SOAG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.86 Med: 1.51 Max: 2.59
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Sparebank 1 Ostfold Akershus was 2.59. The lowest was 0.86. And the median was 1.51.

OSL:SOAG's Debt-to-Equity is ranked worse than
65.9% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs OSL:SOAG: 1.04

Sparebank 1 Ostfold Akershus Debt-to-Equity Historical Data

The historical data trend for Sparebank 1 Ostfold Akershus'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.

Sparebank 1 Ostfold Akershus Debt-to-Equity Chart

Sparebank 1 Ostfold Akershus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.37

1.31

1.05

0.91

0.97

Sparebank 1 Ostfold Akershus 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															0.95	0.96	0.92	0.97	1.04

Competitive Comparison of Sparebank 1 Ostfold Akershus's Debt-to-Equity

For the Banks - Regional subindustry, Sparebank 1 Ostfold Akershus'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.

Sparebank 1 Ostfold Akershus's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sparebank 1 Ostfold Akershus's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sparebank 1 Ostfold Akershus's Debt-to-Equity falls into.

Sparebank 1 Ostfold Akershus Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sparebank 1 Ostfold Akershus'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	+	4370)	/	4520
	=	0.97

Sparebank 1 Ostfold Akershus'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	+	4548)	/	4377
	=	1.04

Sparebank 1 Ostfold Akershus (OSL:SOAG) 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.

Sparebank 1 Ostfold Akershus Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sparebank 1 Ostfold Akershus's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sparebank 1 Ostfold Akershus (OSL:SOAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sparebank 1 Ostfold Akershus (OSL:SOAG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kongensgate 21, Moss, NOR, 1501

Website

https://www2.sparebank1.no

Sparebank 1 Ostfold Akershus is a regional savings bank operating through SpareBank 1 Corp. It offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

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