Thule Group AB (OSTO:THULE) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Thule Group AB Debt-to-Equity?

Thule Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr98 Mil. Thule Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr2,082 Mil. Thule Group AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr7,531 Mil. Thule Group AB's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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

OSTO:THULE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.59 Max: 2.31
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Thule Group AB was 2.31. The lowest was 0.19. And the median was 0.59.

OSTO:THULE's Debt-to-Equity is ranked better than
63.02% of 695 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs OSTO:THULE: 0.29

Thule Group AB Debt-to-Equity Historical Data

The historical data trend for Thule 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.

Thule Group AB Debt-to-Equity Chart

Thule Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.55

0.21

0.28

0.47

0.31

Thule Group 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															0.45	0.40	0.34	0.31	0.29

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

For the Leisure subindustry, Thule 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.

Thule Group AB's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Thule Group AB's Debt-to-Equity distribution charts can be found below:

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

Thule Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thule 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
	=	(102	+	2031)	/	6849
	=	0.31

Thule 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
	=	(98	+	2082)	/	7531
	=	0.29

Thule Group AB (OSTO:THULE) 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.

Thule Group AB Debt-to-Equity Related Terms

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Thule Group AB (OSTO:THULE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Thule Group AB (OSTO:THULE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

THUPY:USA THLPF:USA THULEs:UK 0R3W:UK TU0:Germany

Address

Fosievagen 13, Malmo, SWE, SE- 214 31

Website

https://www.thulegroup.com

Thule Group AB is a manufacturer of sports and outdoor products. The company develops, manufacture, and market products within the product categories; Sport&Cargo Carriers (roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment, and rooftop tents mounted on a car), Juvenile & Pet Products (strollers, bike trailers, and child bike seats), RV Products (awnings, bike carriers and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage, and camera bags). It has two operating segments: Region Europe and ROW, and Region Americas. Geographic markets: Sweden, Other Nordic countries, Germany, Other Europe, the USA, Other North America, Central/South America, Asia/Pacific Rim, and the Rest of the world.

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