GomSpace Group AB (OSTO:GOMX) Debt-to-Equity : 0.82 (As of Sep. 2023)

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What is GomSpace Group AB Debt-to-Equity?

GomSpace Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr17.2 Mil. GomSpace Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr84.4 Mil. GomSpace Group AB's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr124.6 Mil. GomSpace Group AB's debt to equity for the quarter that ended in Sep. 2023 was 0.82.

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

OSTO:GOMX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.23 Max: 1.79
Current: 0.82

During the past 9 years, the highest Debt-to-Equity Ratio of GomSpace Group AB was 1.79. The lowest was 0.06. And the median was 0.23.

OSTO:GOMX's Debt-to-Equity is ranked worse than
74.03% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.425 vs OSTO:GOMX: 0.82

GomSpace Group AB Debt-to-Equity Historical Data

The historical data trend for GomSpace Group 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.

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GomSpace Group AB Debt-to-Equity Chart

GomSpace Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.08

0.27

0.25

0.21

1.04

GomSpace Group AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.23	1.04	1.79	0.67	0.82

Competitive Comparison of GomSpace Group AB's Debt-to-Equity

For the Aerospace & Defense subindustry, GomSpace Group 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.

GomSpace Group AB's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GomSpace Group AB's Debt-to-Equity distribution charts can be found below:

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

GomSpace Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GomSpace Group AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(69.639	+	39.267)	/	104.798
	=	1.04

GomSpace Group AB's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(17.226	+	84.358)	/	124.627
	=	0.82

GomSpace Group AB (OSTO:GOMX) 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.

GomSpace Group AB Debt-to-Equity Related Terms

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GomSpace Group AB (OSTO:GOMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » GomSpace Group AB (OSTO:GOMX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1G2:Germany

Address

Ulls Vag 29A, Uppsala, SWE, SE-756 51

Website

https://gomspace.com

GomSpace Group AB develops and commercializes nano-satellites. It provides turn-key solutions to enable space-based businesses including solutions for IoT, communication, tracking, surveillance, and remote sensing. The company also offers professional nano-satellite turn-key solutions, platforms, commercial off the shelf sub-systems, software modules, and off-the-shelf payloads for tracking or deliver payloads to customer requirements based on radio technology building blocks. Its business areas are Academia, Commercial, Defense, and Science operating geographically in Sweden, Denmark, other parts of Europe, the United States, Asia and Rest of the world. The company earns Majority of its revenue comes from Denmark.

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