SKF AB (FRA:SKFB) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is SKF AB Debt-to-Equity?

SKF AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €340 Mil. SKF AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,567 Mil. SKF AB's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €4,715 Mil. SKF AB's debt to equity for the quarter that ended in Dec. 2023 was 0.40.

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

FRA:SKFB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.51 Max: 1.01
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of SKF AB was 1.01. The lowest was 0.40. And the median was 0.51.

FRA:SKFB's Debt-to-Equity is ranked worse than
59.03% of 2619 companies
in the Industrial Products industry
Industry Median: 0.28 vs FRA:SKFB: 0.40

SKF AB Debt-to-Equity Historical Data

The historical data trend for SKF 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.

SKF AB Debt-to-Equity Chart

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.52

0.44

0.41

0.40

SKF AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.41	-	-	-	0.40

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

For the Tools & Accessories subindustry, SKF 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.

SKF AB's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SKF AB's Debt-to-Equity distribution charts can be found below:

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

SKF AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SKF 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
	=	(339.709	+	1567.31)	/	4715.073
	=	0.40

SKF AB's Debt to Equity Ratio for the quarter 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
	=	(339.709	+	1567.31)	/	4715.073
	=	0.40

SKF AB (FRA:SKFB) 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.

SKF AB Debt-to-Equity Related Terms

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

SKF AB (FRA:SKFB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (FRA:SKFB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKFRY:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.

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