Resqunit AB (OSTO:RESQ) Debt-to-Equity : 2.79 (As of Jun. 2023)

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What is Resqunit AB Debt-to-Equity?

Resqunit AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was kr3.06 Mil. Resqunit AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was kr5.05 Mil. Resqunit AB's Total Stockholders Equity for the quarter that ended in Jun. 2023 was kr2.91 Mil. Resqunit AB's debt to equity for the quarter that ended in Jun. 2023 was 2.79.

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

OSTO:RESQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 2.35 Max: 2.79
Current: 2.79

During the past 2 years, the highest Debt-to-Equity Ratio of Resqunit AB was 2.79. The lowest was 0.48. And the median was 2.35.

OSTO:RESQ's Debt-to-Equity is ranked worse than
97.64% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs OSTO:RESQ: 2.79

Resqunit AB Debt-to-Equity Historical Data

The historical data trend for Resqunit 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.

Resqunit AB Debt-to-Equity Chart

Resqunit AB Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.19

2.35

Resqunit AB Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23
Debt-to-Equity	N/A	0.48	2.35	2.79

Competitive Comparison of Resqunit AB's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Resqunit 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.

Resqunit AB's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Resqunit AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Resqunit AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(4.307	+	5.286)	/	4.088
	=	2.35

Resqunit AB'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
	=	(3.058	+	5.048)	/	2.906
	=	2.79

Resqunit AB (OSTO:RESQ) 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.

Resqunit AB Debt-to-Equity Related Terms

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

Resqunit AB (OSTO:RESQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Resqunit AB (OSTO:RESQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.resqunit.com

Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

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