Precise Biometrics AB (OSTO:PREC) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Precise Biometrics AB Debt-to-Equity?

Precise Biometrics AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.00 Mil. Precise Biometrics AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr22.61 Mil. Precise Biometrics AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr156.51 Mil. Precise Biometrics AB's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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

OSTO:PREC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.33
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Precise Biometrics AB was 0.33. The lowest was 0.01. And the median was 0.06.

OSTO:PREC's Debt-to-Equity is ranked better than
72.46% of 926 companies
in the Business Services industry
Industry Median: 0.375 vs OSTO:PREC: 0.14

Precise Biometrics AB Debt-to-Equity Historical Data

The historical data trend for Precise Biometrics 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.

Precise Biometrics AB Debt-to-Equity Chart

Precise Biometrics AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.06

0.04

0.03

Precise Biometrics 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															0.18	0.14	0.15	0.03	0.14

Competitive Comparison of Precise Biometrics AB's Debt-to-Equity

For the Security & Protection Services subindustry, Precise Biometrics 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.

Precise Biometrics AB's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Precise Biometrics AB's Debt-to-Equity distribution charts can be found below:

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

Precise Biometrics AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Precise Biometrics 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
	=	(2.364	+	2.157)	/	159.319
	=	0.03

Precise Biometrics 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
	=	(0	+	22.614)	/	156.509
	=	0.14

Precise Biometrics AB (OSTO:PREC) 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.

Precise Biometrics AB Debt-to-Equity Related Terms

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Precise Biometrics AB (OSTO:PREC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Precise Biometrics AB (OSTO:PREC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PBCB:Germany

Address

Precise Biometrics AB, Scheelevagen 27, Lund, SWE, SE-223 63

Website

https://www.precisebiometrics.com

Precise Biometrics AB is engaged in the business of developing and selling fingerprint software for the authentication of people's identity in mobile phones, smart cards, and products with small fingerprint sensors. The firm also develops and sells mobile smart card readers for smartphones and tablets. Its products and services include precise bio match mobile, sensor vulnerability test, and fingerprint data collection. Overall it focuses on the areas of Capacitive sensors for mobile phones, In-display sensors for mobile phones in the upper price segment, Smart cards, and New applications. The company operates in Europe, Asia, and the United States, out of which the majority of revenue comes from Asia.

Precise Biometrics AB (OSTO:PREC) Headlines

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