Careium AB (OSTO:CARE) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Careium AB Debt-to-Equity?

Careium AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.0 Mil. Careium AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.0 Mil. Careium AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr630.3 Mil. Careium AB's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Careium AB's Debt-to-Equity or its related term are showing as below:

OSTO:CARE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.41 Max: 0.53
Current: 0.36

During the past 5 years, the highest Debt-to-Equity Ratio of Careium AB was 0.53. The lowest was 0.33. And the median was 0.41.

OSTO:CARE's Debt-to-Equity is ranked better than
52% of 923 companies
in the Business Services industry
Industry Median: 0.37 vs OSTO:CARE: 0.36

Careium AB Debt-to-Equity Historical Data

The historical data trend for Careium AB'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.

Careium AB Debt-to-Equity Chart

Careium AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.33

0.41

0.53

0.52

0.38

Careium AB Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											-	-	-	0.38	-

Competitive Comparison of Careium AB's Debt-to-Equity

For the Security & Protection Services subindustry, Careium AB'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.

Careium AB's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Careium AB's Debt-to-Equity distribution charts can be found below:

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

Careium AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Careium AB'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
	=	(12.4	+	212.9)	/	599.5
	=	0.38

Careium AB'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	+	0)	/	630.3
	=	0.00

Careium AB (OSTO:CARE) 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.

Careium AB Debt-to-Equity Related Terms

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Careium AB (OSTO:CARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Careium AB (OSTO:CARE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

I81:Germany

Address

Jorgen Kocksgatan 1B, Malmo, SWE, 211 20

Website

https://www.careium.com

Careium AB is a player in technology-enabled care in Sweden which provides solutions to improve the safety, quality of life, and independence of seniors both inside and outside the home. It offers a complete digital alarm chain. Its product catalog includes security alarms, fall sensors, smoke detectors motion detectors, accessories such as cameras, electronic locks, robotic medication assistive devices, and secure communication with alarm response. Geographically it has a presence in Nordics, the United Kingdom and Ireland, Central Europe, and Other markets, Its majority of the revenue comes from Nordics.