Outokumpu Oyj (OHEL:OUT1V) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is Outokumpu Oyj Debt-to-Equity?

Outokumpu Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €48 Mil. Outokumpu Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €366 Mil. Outokumpu Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €3,761 Mil. Outokumpu Oyj's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

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

OHEL:OUT1V' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.57 Max: 1.15
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Outokumpu Oyj was 1.15. The lowest was 0.10. And the median was 0.57.

OHEL:OUT1V's Debt-to-Equity is ranked better than
81.69% of 557 companies
in the Steel industry
Industry Median: 0.42 vs OHEL:OUT1V: 0.11

Outokumpu Oyj Debt-to-Equity Historical Data

The historical data trend for Outokumpu 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.

Outokumpu Oyj Debt-to-Equity Chart

Outokumpu Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.58

0.59

0.23

0.14

0.11

Outokumpu Oyj 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															0.14	0.10	0.10	0.11	0.11

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

For the Steel subindustry, Outokumpu 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.

Outokumpu Oyj's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Outokumpu Oyj's Debt-to-Equity distribution charts can be found below:

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

Outokumpu Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Outokumpu 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
	=	(45	+	359)	/	3762
	=	0.11

Outokumpu Oyj'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
	=	(48	+	366)	/	3761
	=	0.11

Outokumpu Oyj (OHEL:OUT1V) 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.

Outokumpu Oyj Debt-to-Equity Related Terms

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

Outokumpu Oyj (OHEL:OUT1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Outokumpu Oyj (OHEL:OUT1V) » Definitions » Debt-to-Equity

Traded in Other Exchanges

OUTKY:USA OUTFF:USA OUT1Vh:UK 0FJ8:UK OUTA:Germany

Address

Salmisaarenranta 11, Helsinki, FIN, FI-00180

Website

https://www.outokumpu.com

Outokumpu Oyj is a steel and alloys maker. Its business is divided into four business areas which are Europe, Americas, Long Products and Ferrochrome. Europe consists of both coil and plate operations in Europe. The high-volume and tailored standard stainless-steel grades are primarily used for example in architecture, building and construction, chemical, petrochemical and energy sectors, as well as other process industries. Americas produces standard austenitic and ferritic grades as well as tailored products. Long Products are used in a wide range of applications such as springs, wires, and surgical equipment and Ferrochrome produces charge grade of ferrochrome.

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