Kraft Bank ASA (OSL:KRAB) Debt-to-Equity : 0.10 (As of Jun. 2023)

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What is Kraft Bank ASA Debt-to-Equity?

Kraft Bank ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was kr0.0 Mil. Kraft Bank ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was kr43.2 Mil. Kraft Bank ASA's Total Stockholders Equity for the quarter that ended in Jun. 2023 was kr429.7 Mil. Kraft Bank ASA's debt to equity for the quarter that ended in Jun. 2023 was 0.10.

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 Kraft Bank ASA's Debt-to-Equity or its related term are showing as below:

OSL:KRAB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.11
Current: 0.1

During the past 6 years, the highest Debt-to-Equity Ratio of Kraft Bank ASA was 0.11. The lowest was 0.00. And the median was 0.01.

OSL:KRAB's Debt-to-Equity is ranked better than
90.65% of 1391 companies
in the Banks industry
Industry Median: 0.65 vs OSL:KRAB: 0.10

Kraft Bank ASA Debt-to-Equity Historical Data

The historical data trend for Kraft Bank ASA'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.

Kraft Bank ASA Debt-to-Equity Chart

Kraft Bank ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.11

0.10

Kraft Bank ASA Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													0.01	0.11	0.11	0.10	0.10

Competitive Comparison of Kraft Bank ASA's Debt-to-Equity

For the Banks - Regional subindustry, Kraft Bank ASA'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.

Kraft Bank ASA's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Kraft Bank ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kraft Bank ASA's Debt-to-Equity falls into.

Kraft Bank ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kraft Bank ASA'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
	=	(0	+	43.902)	/	442.432
	=	0.10

Kraft Bank ASA's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	43.2)	/	429.666
	=	0.10

Kraft Bank ASA (OSL:KRAB) 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.

Kraft Bank ASA Debt-to-Equity Related Terms

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

Kraft Bank ASA (OSL:KRAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kraft Bank ASA (OSL:KRAB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

709:Germany

Address

Fourth floor, Trim Towers, Larsamyra 18, Sandnes, NOR, 4313

Website

https://www.kraftbank.no

Kraft Bank ASA is a provider of banking services to its customers. The bank offers refinancing, savings products, loans, loans against mortgages in housing and other assets.

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