Mildef Group AB (OSTO:MILDEF) Debt-to-Equity : 0.46 (As of Mar. 2024)

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What is Mildef Group AB Debt-to-Equity?

Mildef Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr182 Mil. Mildef Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr200 Mil. Mildef Group AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr835 Mil. Mildef Group AB's debt to equity for the quarter that ended in Mar. 2024 was 0.46.

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

OSTO:MILDEF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.4 Max: 0.79
Current: 0.46

During the past 6 years, the highest Debt-to-Equity Ratio of Mildef Group AB was 0.79. The lowest was 0.03. And the median was 0.40.

OSTO:MILDEF's Debt-to-Equity is ranked worse than
54.26% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.425 vs OSTO:MILDEF: 0.46

Mildef Group AB Debt-to-Equity Historical Data

The historical data trend for Mildef 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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Mildef Group AB Debt-to-Equity Chart

Mildef Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.71

0.50

0.18

0.40

0.44

Mildef Group AB Quarterly Data
	Dec18	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														0.41	0.38	0.46	0.44	0.46

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

For the Aerospace & Defense subindustry, Mildef 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.

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

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

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

Mildef Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mildef 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
	=	(158.5	+	208.9)	/	844.8
	=	0.43

Mildef 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
	=	(181.5	+	199.7)	/	835.3
	=	0.46

Mildef Group AB (OSTO:MILDEF) 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.

Mildef Group AB Debt-to-Equity Related Terms

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Mildef Group AB (OSTO:MILDEF) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

8QA:Germany

Address

Muskotgatan 6, P.O Box 22079, Helsingborg, SWE, 254 66

Website

https://www.mildef.com

Mildef Group AB develops rugged IT products and special electronics for the defense sector. It offers Laptops, servers, switches, routers, intelligent displays, special electronics, and various other accessories. MilDef's operations are treated as one segment as this reflects the Group's business, financial monitoring, and management structure. Geographically, the majority of revenue is from Sweden.

Mildef Group AB (OSTO:MILDEF) Headlines

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