Midsummer AB (OSTO:MIDS) Debt-to-Equity : 1.23 (As of Mar. 2024)

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What is Midsummer AB Debt-to-Equity?

Midsummer AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr12.77 Mil. Midsummer AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr218.07 Mil. Midsummer AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr187.40 Mil. Midsummer AB's debt to equity for the quarter that ended in Mar. 2024 was 1.23.

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

OSTO:MIDS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 1.04 Max: 2.86
Current: 1.23

During the past 8 years, the highest Debt-to-Equity Ratio of Midsummer AB was 2.86. The lowest was 0.01. And the median was 1.04.

OSTO:MIDS's Debt-to-Equity is ranked worse than
89.36% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs OSTO:MIDS: 1.23

Midsummer AB Debt-to-Equity Historical Data

The historical data trend for Midsummer 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.

Midsummer AB Debt-to-Equity Chart

Midsummer AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.21

0.84

0.86

1.34

1.22

Midsummer 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															1.48	0.86	1.09	1.22	1.23

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

For the Solar subindustry, Midsummer 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.

Midsummer AB's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Midsummer AB's Debt-to-Equity distribution charts can be found below:

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

Midsummer AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Midsummer 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
	=	(16.657	+	219.849)	/	194.654
	=	1.22

Midsummer 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
	=	(12.77	+	218.069)	/	187.395
	=	1.23

Midsummer AB (OSTO:MIDS) 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.

Midsummer AB Debt-to-Equity Related Terms

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Midsummer AB (OSTO:MIDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Midsummer AB (OSTO:MIDS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5UX:Germany

Address

Elektronikhojden 6, Jarfalla, SWE, 175 43

Website

http://www.midsummer.se

Midsummer AB is a supplier of equipment for cost-effective manufacturing of CIGS thin film solar cells. The company manufactures solar panels which can be attached on any type of surfaces, such as, membrane roofs, portable power plants, marine installations, vehicle usage, landfill covers or other infrastructure projects.

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