HAKIfety AB (LTS:0GO3) Debt-to-Equity : 0.62 (As of Mar. 2024)

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What is HAKIfety AB Debt-to-Equity?

HAKIfety AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil. HAKIfety AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr412 Mil. HAKIfety AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr669 Mil. HAKIfety AB's debt to equity for the quarter that ended in Mar. 2024 was 0.62.

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

LTS:0GO3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.66 Max: 1.34
Current: 0.62

During the past 13 years, the highest Debt-to-Equity Ratio of HAKIfety AB was 1.34. The lowest was 0.10. And the median was 0.66.

LTS:0GO3's Debt-to-Equity is ranked worse than
73.85% of 2616 companies
in the Industrial Products industry
Industry Median: 0.29 vs LTS:0GO3: 0.62

HAKIfety AB Debt-to-Equity Historical Data

The historical data trend for HAKIfety 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.

HAKIfety AB Debt-to-Equity Chart

HAKIfety AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.10

0.22

0.70

0.65

HAKIfety 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															0.68	0.65	0.64	0.65	0.62

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

For the Metal Fabrication subindustry, HAKIfety 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.

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

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

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

HAKIfety AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HAKIfety 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
	=	(42	+	375)	/	643
	=	0.65

HAKIfety 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
	=	(0	+	412)	/	669
	=	0.62

HAKIfety AB (LTS:0GO3) 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.

HAKIfety AB Debt-to-Equity Related Terms

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HAKIfety AB (LTS:0GO3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » HAKI Safety AB (LTS:0GO3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HAKI B:Sweden HAKI A:Sweden

Address

Gustav Adolfs Torg 47, Malmo, SWE, 211 39

Website

https://www.hakisafety.se

Midway Holding AB is an industrial group that acquires and develops small and middle-sized companies. The largest business area is Safe Access Solutions which offers products and services for safe access in complex environments for projects in industry, energy, infrastructure and construction. As part of the Industrial Services business area, the company develops, manufactures, and provides products and services to a wide range of industrial users.

HAKIfety AB (LTS:0GO3) Headlines

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