ZAZZ Energy of Sweden AB (OSTO:ZAZZ B) Debt-to-Equity : 0.17 (As of Sep. 2023)

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What is ZAZZ Energy of Sweden AB Debt-to-Equity?

ZAZZ Energy of Sweden AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr7.14 Mil. ZAZZ Energy of Sweden AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr0.00 Mil. ZAZZ Energy of Sweden AB's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr43.23 Mil. ZAZZ Energy of Sweden AB's debt to equity for the quarter that ended in Sep. 2023 was 0.17.

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 ZAZZ Energy of Sweden AB's Debt-to-Equity or its related term are showing as below:

OSTO:ZAZZ B' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.52 Max: 0.55
Current: 0.17

During the past 3 years, the highest Debt-to-Equity Ratio of ZAZZ Energy of Sweden AB was 0.55. The lowest was 0.17. And the median was 0.52.

OSTO:ZAZZ B's Debt-to-Equity is ranked better than
83.33% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs OSTO:ZAZZ B: 0.17

ZAZZ Energy of Sweden AB Debt-to-Equity Historical Data

The historical data trend for ZAZZ Energy of Sweden 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.

ZAZZ Energy of Sweden AB Debt-to-Equity Chart

ZAZZ Energy of Sweden AB Annual Data

Trend

Dec19

Dec20

Dec21

Debt-to-Equity

ZAZZ Energy of Sweden AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							-	-	0.55	0.52	0.17

Competitive Comparison of ZAZZ Energy of Sweden AB's Debt-to-Equity

For the Utilities - Renewable subindustry, ZAZZ Energy of Sweden 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.

ZAZZ Energy of Sweden AB's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, ZAZZ Energy of Sweden AB's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ZAZZ Energy of Sweden AB's Debt-to-Equity falls into.

ZAZZ Energy of Sweden AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZAZZ Energy of Sweden AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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	+	0)	/	11.523
	=	0.00

ZAZZ Energy of Sweden AB's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(7.142	+	0)	/	43.227
	=	0.17

ZAZZ Energy of Sweden AB (OSTO:ZAZZ B) 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.

ZAZZ Energy of Sweden AB Debt-to-Equity Related Terms

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ZAZZ Energy of Sweden AB (OSTO:ZAZZ B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ZAZZ Energy of Sweden AB (OSTO:ZAZZ B) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

X92:Germany

Address

Nybrogatan 17, Stockholm, SWE, 114 39

Website

https://www.zazzenergy.com

ZAZZ Energy of Sweden AB is an energy company for green energy production. The company's business model aims to realize the country's environmental goals through the establishment of waste gasification and incineration plants that produce green electricity and heat.

ZAZZ Energy of Sweden AB (OSTO:ZAZZ B) Headlines

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