Cinis Fertilizer AB (OSTO:CINIS) Debt-to-Equity : 0.86 (As of Mar. 2024)

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What is Cinis Fertilizer AB Debt-to-Equity?

Cinis Fertilizer AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr15.50 Mil. Cinis Fertilizer AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr321.80 Mil. Cinis Fertilizer AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr390.50 Mil. Cinis Fertilizer AB's debt to equity for the quarter that ended in Mar. 2024 was 0.86.

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

OSTO:CINIS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 0.73 Max: 0.86
Current: 0.86

During the past 5 years, the highest Debt-to-Equity Ratio of Cinis Fertilizer AB was 0.86. The lowest was 0.71. And the median was 0.73.

OSTO:CINIS's Debt-to-Equity is ranked worse than
73.39% of 218 companies
in the Agriculture industry
Industry Median: 0.36 vs OSTO:CINIS: 0.86

Cinis Fertilizer AB Debt-to-Equity Historical Data

The historical data trend for Cinis Fertilizer 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.

Cinis Fertilizer AB Debt-to-Equity Chart

Cinis Fertilizer AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.73

Cinis Fertilizer AB Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								-	-	0.71	0.73	0.86

Competitive Comparison of Cinis Fertilizer AB's Debt-to-Equity

For the Agricultural Inputs subindustry, Cinis Fertilizer 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.

Cinis Fertilizer AB's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Cinis Fertilizer AB's Debt-to-Equity distribution charts can be found below:

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

Cinis Fertilizer AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cinis Fertilizer 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
	=	(0	+	296.4)	/	404.7
	=	0.73

Cinis Fertilizer 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
	=	(15.5	+	321.8)	/	390.5
	=	0.86

Cinis Fertilizer AB (OSTO:CINIS) 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.

Cinis Fertilizer AB Debt-to-Equity Related Terms

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Cinis Fertilizer AB (OSTO:CINIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Cinis Fertilizer AB (OSTO:CINIS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

C05:Germany

Address

Strandgatan 21, Ornskoldsvik, SWE, 891 33

Website

https://www.cinis-fertilizer.com

Cinis Fertilizer AB is a green tech company aiming to produce the world's most environmentally friendly mineral fertilizer, potassium sulphate, by recycling industrial waste products from the pulp & paper industry as well as the car battery manufacturing industry. The patent protected technology will use half as much energy as today's production methods and the result is a fossil-free fertilizer with a close to zero carbon footprint, a unique and circular contribution enabling sustainable agriculture.

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