AAC Clyde Space AB (FRA:MKC0) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is AAC Clyde Space AB Debt-to-Equity?

AAC Clyde Space AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2.74 Mil. AAC Clyde Space AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.91 Mil. AAC Clyde Space AB's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €59.32 Mil. AAC Clyde Space AB's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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

FRA:MKC0' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.71 Med: 0.03 Max: 41.44
Current: 0.06

During the past 10 years, the highest Debt-to-Equity Ratio of AAC Clyde Space AB was 41.44. The lowest was -2.71. And the median was 0.03.

FRA:MKC0's Debt-to-Equity is ranked better than
87.94% of 257 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs FRA:MKC0: 0.06

AAC Clyde Space AB Debt-to-Equity Historical Data

The historical data trend for AAC Clyde Space 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.

AAC Clyde Space AB Debt-to-Equity Chart

AAC Clyde Space AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.02

0.03

0.06

AAC Clyde Space 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															0.03	0.02	0.02	0.02	0.06

Competitive Comparison of AAC Clyde Space AB's Debt-to-Equity

For the Aerospace & Defense subindustry, AAC Clyde Space 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.

AAC Clyde Space AB's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AAC Clyde Space AB's Debt-to-Equity distribution charts can be found below:

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

AAC Clyde Space AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AAC Clyde Space 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
	=	(2.74	+	0.907)	/	59.321
	=	0.06

AAC Clyde Space 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
	=	(2.74	+	0.907)	/	59.321
	=	0.06

AAC Clyde Space AB (FRA:MKC0) 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.

AAC Clyde Space AB Debt-to-Equity Related Terms

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AAC Clyde Space AB (FRA:MKC0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AAC Clyde Space AB (FRA:MKC0) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ACCMF:USA AAC:Sweden

Address

Dag Hammarskjolds vag 48, Uppsala Science Park, Uppsala, SWE, SE-751 83

Website

https://www.aac-clyde.space

AAC Clyde Space AB is engaged in advanced nanosatellite spacecraft, mission services, and reliable subsystems. The group has six reportable segments: AAC Clyde Space (Swedish operation); Clyde Space (Scottish operation); Hyperion Space (Netherland operation); SpaceQuest, operations in the US; Omnisys Instruments, operations in Gothenburg, Sweden; and AAC Space Africa, operations in South Africa. Its geographical segments are Sweden, the United Kingdom, the Rest of Europe, the United States, Asia, and the Rest of the world.

AAC Clyde Space AB (FRA:MKC0) Headlines

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