Hexagon AB (Hexagon AB) Debt-to-Equity : 0.37 (As of Mar. 2024)

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What is Hexagon AB Debt-to-Equity?

Hexagon AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $891 Mil. Hexagon AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3,304 Mil. Hexagon AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $11,338 Mil. Hexagon AB's debt to equity for the quarter that ended in Mar. 2024 was 0.37.

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

HXGBY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.43 Max: 0.59
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Hexagon AB was 0.59. The lowest was 0.34. And the median was 0.43.

HXGBY's Debt-to-Equity is ranked worse than
60.98% of 2199 companies
in the Hardware industry
Industry Median: 0.28 vs HXGBY: 0.41

Hexagon AB Debt-to-Equity Historical Data

The historical data trend for Hexagon 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.

Hexagon AB Debt-to-Equity Chart

Hexagon AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

0.45

0.34

0.39

0.41

Hexagon 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															0.41	0.44	0.42	0.41	0.37

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

For the Scientific & Technical Instruments subindustry, Hexagon 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.

Hexagon AB's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hexagon AB's Debt-to-Equity distribution charts can be found below:

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

Hexagon AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hexagon 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
	=	(1199.237	+	3253.762)	/	10920.284
	=	0.41

Hexagon 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
	=	(891.196	+	3304.457)	/	11338.478
	=	0.37

Hexagon AB (OTCPK:HXGBY) 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.

Hexagon AB Debt-to-Equity Related Terms

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Hexagon AB (Hexagon AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hexagon AB (OTCPK:HXGBY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HXGBF:USA HEXA B:Sweden HEXABs:UK HXG:Germany

Address

Lilla Bantorget 15, Stockholm, SWE, SE-111 23

Website

https://www.hexagon.com

Hexagon AB provides information technology for industrial applications. It offers solutions in two segments: geospatial enterprise solutions and industrial enterprise solutions. Each segment contributes roughly half of the firm's overall revenue. Hexagon's geospatial solutions are used for infrastructure, mining, agriculture, and public safety. The industrial enterprise solutions are used to measure and inspect the quality of complex parts used in manufacturing processes. Hexagon's largest geographic markets are Americas and EMEA, with each market contributing more than a fourth of the firm's overall revenue.