Nurminen Logistics Oyj (Nurminen Logistics Oyj) Debt-to-Equity : 1.76 (As of Dec. 2023)

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What is Nurminen Logistics Oyj Debt-to-Equity?

Nurminen Logistics Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $23.2 Mil. Nurminen Logistics Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $29.6 Mil. Nurminen Logistics Oyj's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $30.0 Mil. Nurminen Logistics Oyj's debt to equity for the quarter that ended in Dec. 2023 was 1.76.

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 Nurminen Logistics Oyj's Debt-to-Equity or its related term are showing as below:

NRNMF' s Debt-to-Equity Range Over the Past 10 Years
Min: -48 Med: 1.66 Max: 9.9
Current: 1.76

During the past 13 years, the highest Debt-to-Equity Ratio of Nurminen Logistics Oyj was 9.90. The lowest was -48.00. And the median was 1.66.

NRNMF's Debt-to-Equity is ranked worse than
84.79% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs NRNMF: 1.76

Nurminen Logistics Oyj Debt-to-Equity Historical Data

The historical data trend for Nurminen Logistics Oyj'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.

Nurminen Logistics Oyj Debt-to-Equity Chart

Nurminen Logistics Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-48.02

9.90

0.65

0.74

1.76

Nurminen Logistics Oyj Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.65	0.63	0.74	0.62	1.76

Competitive Comparison of Nurminen Logistics Oyj's Debt-to-Equity

For the Railroads subindustry, Nurminen Logistics Oyj'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.

Nurminen Logistics Oyj's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nurminen Logistics Oyj's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nurminen Logistics Oyj's Debt-to-Equity falls into.

Nurminen Logistics Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nurminen Logistics Oyj'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
	=	(23.162	+	29.632)	/	29.987
	=	1.76

Nurminen Logistics Oyj'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
	=	(23.162	+	29.632)	/	29.987
	=	1.76

Nurminen Logistics Oyj (GREY:NRNMF) 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.

Nurminen Logistics Oyj Debt-to-Equity Related Terms

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Nurminen Logistics Oyj (Nurminen Logistics Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nurminen Logistics Oyj (GREY:NRNMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NLG1V:Finland 8I4:Germany

Address

Satamakaari 24, Helsinki, FIN, 00980

Website

https://www.nurminenlogistics.com

Nurminen Logistics Oyj is engaged in the provision of logistics services. The company offers high-quality rail transport, terminal, and multimodal solutions between Asia and Europe and in the Nordic and Baltic countries. The company's revenue consists mainly of forwarding services, railway transport and terminal services. The company also receives income from short-term and long-term warehousing services. Geographically, it derives most of its revenue from Baltic countries and has a presence in Russia.

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