Lyckegard Group AB (OSTO:LYGRD) Debt-to-Equity : 5.67 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Lyckegard Group AB Debt-to-Equity?

Lyckegard Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr20.6 Mil. Lyckegard Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr13.4 Mil. Lyckegard Group AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr6.0 Mil. Lyckegard Group AB's debt to equity for the quarter that ended in Mar. 2024 was 5.67.

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

OSTO:LYGRD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.46 Max: 5.67
Current: 5.67

During the past 5 years, the highest Debt-to-Equity Ratio of Lyckegard Group AB was 5.67. The lowest was 0.28. And the median was 0.46.

OSTO:LYGRD's Debt-to-Equity is ranked worse than
100% of 184 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.42 vs OSTO:LYGRD: 5.67

Lyckegard Group AB Debt-to-Equity Historical Data

The historical data trend for Lyckegard 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.

* Premium members only.

Lyckegard Group AB Debt-to-Equity Chart

Lyckegard Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.38

1.95

0.58

0.47

0.67

Lyckegard Group 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											0.46	0.30	0.35	0.67	5.67

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

For the Farm & Heavy Construction Machinery subindustry, Lyckegard 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.

Lyckegard Group AB's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lyckegard Group AB's Debt-to-Equity distribution charts can be found below:

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

Lyckegard Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lyckegard Group 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
	=	(21.996	+	16.252)	/	56.86
	=	0.67

Lyckegard Group 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
	=	(20.648	+	13.362)	/	5.994
	=	5.67

Lyckegard Group AB (OSTO:LYGRD) 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.

Lyckegard Group AB Debt-to-Equity Related Terms

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

Lyckegard Group AB (OSTO:LYGRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lyckegard Group AB (OSTO:LYGRD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

F55:Germany

Address

Trollebergsvagen, Lund, SWE, 102-28

Website

https://www.lyckegard.com

Lyckegard Group AB is an innovative company that strives towards sustainable agriculture through the reduced use of pesticides and fertilizers. The company develops and sells agricultural mechanical tools for weed control, tillage and sowing. The tools work mechanically, without chemicals, and use innovative methods and new cultivation strategies for more environmentally friendly agriculture. The products can be used by both organic and conventional farmers who want to reduce the use of pesticides and use modern cultivation strategies for increased yields.

Lyckegard Group AB (OSTO:LYGRD) Headlines

No Headlines