Elecster Oyj (OHEL:ELEAV) Debt-to-Equity : 0.40 (As of Mar. 2023)

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What is Elecster Oyj Debt-to-Equity?

Elecster Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was €0.00 Mil. Elecster Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was €10.54 Mil. Elecster Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2023 was €26.62 Mil. Elecster Oyj's debt to equity for the quarter that ended in Mar. 2023 was 0.40.

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

OHEL:ELEAV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 0.76 Max: 0.98
Current: 0.77

During the past 13 years, the highest Debt-to-Equity Ratio of Elecster Oyj was 0.98. The lowest was 0.66. And the median was 0.76.

OHEL:ELEAV's Debt-to-Equity is ranked worse than
80.05% of 2626 companies
in the Industrial Products industry
Industry Median: 0.29 vs OHEL:ELEAV: 0.77

Elecster Oyj Debt-to-Equity Historical Data

The historical data trend for Elecster 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.

Elecster Oyj Debt-to-Equity Chart

Elecster Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.74

0.75

0.66

0.71

0.77

Elecster Oyj Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-	0.71	0.40	0.77

Competitive Comparison of Elecster Oyj's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Elecster 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.

Elecster Oyj's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Elecster Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elecster 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
	=	(7.861	+	10.558)	/	23.841
	=	0.77

Elecster Oyj's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0	+	10.536)	/	26.624
	=	0.40

Elecster Oyj (OHEL:ELEAV) 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.

Elecster Oyj Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Elecster Oyj's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Elecster Oyj (OHEL:ELEAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elecster Oyj (OHEL:ELEAV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sontulantie 382, PL 39, Akaa, FIN, 37801

Website

http://www.elecster.fi

Elecster Oyj operates as an engineering and manufacturer of dairy machinery and packaging material. It is involved in the supply of product such as ultra-high temperature lines, sterilizers, aseptic, extended shelf life, and pasteurized pouch filling machines, autopackers and related economical and ecological packaging materials. Geographically, the activities are operated through Finland and it also owns packaging material production lines in Finland.

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