Scandinavian Medical Solutions AS (OCSE:SMSMED) Debt-to-Equity : 0.38 (As of Sep. 2023)

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What is Scandinavian Medical Solutions AS Debt-to-Equity?

Scandinavian Medical Solutions AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr10.9 Mil. Scandinavian Medical Solutions AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr17.7 Mil. Scandinavian Medical Solutions AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr74.5 Mil. Scandinavian Medical Solutions AS's debt to equity for the quarter that ended in Sep. 2023 was 0.38.

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 Scandinavian Medical Solutions AS's Debt-to-Equity or its related term are showing as below:

OCSE:SMSMED' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 0.38
Current: 0.38

During the past 5 years, the highest Debt-to-Equity Ratio of Scandinavian Medical Solutions AS was 0.38. The lowest was 0.00. And the median was 0.07.

OCSE:SMSMED's Debt-to-Equity is ranked worse than
65.3% of 709 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs OCSE:SMSMED: 0.38

Scandinavian Medical Solutions AS Debt-to-Equity Historical Data

The historical data trend for Scandinavian Medical Solutions AS'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.

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Scandinavian Medical Solutions AS Debt-to-Equity Chart

Scandinavian Medical Solutions AS Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

0.03

0.11

0.38

Scandinavian Medical Solutions AS Semi-Annual Data
	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			-	0.02	-	0.15	0.38

Competitive Comparison of Scandinavian Medical Solutions AS's Debt-to-Equity

For the Medical Devices subindustry, Scandinavian Medical Solutions AS'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.

Scandinavian Medical Solutions AS's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Scandinavian Medical Solutions AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Scandinavian Medical Solutions AS's Debt-to-Equity falls into.

Scandinavian Medical Solutions AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Scandinavian Medical Solutions AS's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(10.914	+	17.69)	/	74.451
	=	0.38

Scandinavian Medical Solutions AS's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(10.914	+	17.69)	/	74.451
	=	0.38

Scandinavian Medical Solutions AS (OCSE:SMSMED) 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.

Scandinavian Medical Solutions AS Debt-to-Equity Related Terms

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Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scandinavian Medical Solutions AS (OCSE:SMSMED) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

K41:Germany

Address

Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000

Website

https://www.scandinavian-medical.com

Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

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