Euroafrica Digital Ventures AB (OSTO:EURA) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Euroafrica Digital Ventures AB Debt-to-Equity?

Euroafrica Digital Ventures AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.00 Mil. Euroafrica Digital Ventures AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.00 Mil. Euroafrica Digital Ventures AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr-1.56 Mil. Euroafrica Digital Ventures AB's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Euroafrica Digital Ventures AB's Debt-to-Equity or its related term are showing as below:

OSTO:EURA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.07 Max: 1.83
Current: -0.92

During the past 5 years, the highest Debt-to-Equity Ratio of Euroafrica Digital Ventures AB was 1.83. The lowest was 0.04. And the median was 0.07.

OSTO:EURA's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs OSTO:EURA: -0.92

Euroafrica Digital Ventures AB Debt-to-Equity Historical Data

The historical data trend for Euroafrica Digital Ventures AB'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.

Euroafrica Digital Ventures AB Debt-to-Equity Chart

Euroafrica Digital Ventures AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.83

0.04

0.08

Euroafrica Digital Ventures AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.08	0.07	0.09	-	-

Competitive Comparison of Euroafrica Digital Ventures AB's Debt-to-Equity

For the Information Technology Services subindustry, Euroafrica Digital Ventures AB'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.

Euroafrica Digital Ventures AB's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Euroafrica Digital Ventures AB's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Euroafrica Digital Ventures AB's Debt-to-Equity falls into.

Euroafrica Digital Ventures AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Euroafrica Digital Ventures AB'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	+	0)	/	0.278
	=	0.00

Euroafrica Digital Ventures AB'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
	=	(0	+	0)	/	-1.555
	=	0.00

Euroafrica Digital Ventures AB (OSTO:EURA) 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.

Euroafrica Digital Ventures AB Debt-to-Equity Related Terms

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Euroafrica Digital Ventures AB (OSTO:EURA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Euroafrica Digital Ventures AB (OSTO:EURA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Brahegatan 29, Stockholm, SWE, 114 37

Website

https://www.euroafricadigitalventures.com

Euroafrica Digital Ventures AB is a tech hub for digital services and platforms. The company owns and operates services and platforms for both Business to Business and Business to Consumer in fastest growing markets. The company's business concept is to identify functioning digital business models in a mature market such as Sweden and establish it in fast and less developed growth markets such as East Africa.

Euroafrica Digital Ventures AB (OSTO:EURA) Headlines

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