IRLAB Therapeutics AB (OSTO:IRLAB A) Debt-to-Equity : 0.36 (As of Mar. 2024)

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What is IRLAB Therapeutics AB Debt-to-Equity?

IRLAB Therapeutics AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr2.07 Mil. IRLAB Therapeutics AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr25.54 Mil. IRLAB Therapeutics AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr76.75 Mil. IRLAB Therapeutics AB's debt to equity for the quarter that ended in Mar. 2024 was 0.36.

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

OSTO:IRLAB A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.36
Current: 0.36

During the past 11 years, the highest Debt-to-Equity Ratio of IRLAB Therapeutics AB was 0.36. The lowest was 0.00. And the median was 0.01.

OSTO:IRLAB A's Debt-to-Equity is ranked worse than
68.45% of 1068 companies
in the Biotechnology industry
Industry Median: 0.14 vs OSTO:IRLAB A: 0.36

IRLAB Therapeutics AB Debt-to-Equity Historical Data

The historical data trend for IRLAB Therapeutics 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.

IRLAB Therapeutics AB Debt-to-Equity Chart

IRLAB Therapeutics AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.01

0.02

0.01

0.24

IRLAB Therapeutics AB 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															0.01	0.01	0.01	0.24	0.36

Competitive Comparison of IRLAB Therapeutics AB's Debt-to-Equity

For the Biotechnology subindustry, IRLAB Therapeutics 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.

IRLAB Therapeutics AB's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, IRLAB Therapeutics AB's Debt-to-Equity distribution charts can be found below:

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

IRLAB Therapeutics AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IRLAB Therapeutics 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
	=	(2.94	+	24.626)	/	115.764
	=	0.24

IRLAB Therapeutics 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
	=	(2.067	+	25.54)	/	76.745
	=	0.36

IRLAB Therapeutics AB (OSTO:IRLAB A) 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.

IRLAB Therapeutics AB Debt-to-Equity Related Terms

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IRLAB Therapeutics AB (OSTO:IRLAB A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » IRLAB Therapeutics AB (OSTO:IRLAB A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6IRA:Germany

Address

Arvid Wallgren Backe 20, Goteborg, SWE, 413 46

Website

https://www.irlab.se

IRLAB Therapeutics AB is a drug discovery and development company providing novel treatments for disorders of the brain. The company focuses on innovative treatments and quality of life for patients with neurological and psychiatric illnesses. It is engaged in programs targeting core dysfunctions in Parkinson's disease and dementias. In addition, it is also involved in the clinical development of novel compounds which aims at offering improved clinical benefit for patients with Parkinson's disease. The company's current clinical candidates, mesdopetam (IRL790) and pirepemat (IRL752), both of which have successfully gone through Phase I safety and Phase IIa efficacy proof-of-concept studies, are now in Phase IIb trials.

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