Axfood AB (Axfood AB) Debt-to-Equity : 1.83 (As of Mar. 2024)

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What is Axfood AB Debt-to-Equity?

Axfood AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $240 Mil. Axfood AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $750 Mil. Axfood AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $541 Mil. Axfood AB's debt to equity for the quarter that ended in Mar. 2024 was 1.83.

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

AXFOF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 1.13 Max: 3.22
Current: 1.83

During the past 13 years, the highest Debt-to-Equity Ratio of Axfood AB was 3.22. The lowest was 0.02. And the median was 1.13.

AXFOF's Debt-to-Equity is ranked worse than
75.9% of 278 companies
in the Retail - Defensive industry
Industry Median: 0.645 vs AXFOF: 1.83

Axfood AB Debt-to-Equity Historical Data

The historical data trend for Axfood 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.

Axfood AB Debt-to-Equity Chart

Axfood AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.37

1.32

1.62

1.40

1.42

Axfood 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															2.16	1.82	1.65	1.42	1.83

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

For the Grocery Stores subindustry, Axfood 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.

Axfood AB's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Axfood AB's Debt-to-Equity distribution charts can be found below:

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

Axfood AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Axfood 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
	=	(221.007	+	730.873)	/	670.43
	=	1.42

Axfood 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
	=	(240.22	+	749.762)	/	541.143
	=	1.83

Axfood AB (OTCPK:AXFOF) 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.

Axfood AB Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Axfood AB's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Axfood AB (Axfood AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Axfood AB (OTCPK:AXFOF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AXFOY:USA AXFO:Sweden AXFOs:UK 0R6R:UK AXL1:Germany

Address

Solnavagen 4, Stockholm, SWE, 113 65

Website

https://www.axfood.se

Axfood AB operates food retail and wholesale businesses in Sweden. Its operating segments include Willys, Hemkop, Dagab, and Snabbgross. The Willys segment operates two discount grocery chains: Willys and Eurocash. Willys is Sweden's primary discount market chain, while Eurocash serves mainly the Norwegian-Swedish border. Hemkop offers a wide range of fresh products for meal solutions. Dagab is engaged in the wholesale purchasing and logistics business. Narlivs operates within this segment as a wholesaler serving independent grocers and convenience retailers. This segment contributes to the majority of the company's revenue. Snabbgross is a restaurant wholesaler, catering primarily to cafes, fast-food establishments, and high-end restaurants.

Axfood AB (Axfood AB) Headlines

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