Troax Group AB (OSTO:TROAX) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Troax Group AB Debt-to-Equity?

Troax Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil. Troax Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil. Troax Group AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr1,969 Mil. Troax Group 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 Troax Group AB's Debt-to-Equity or its related term are showing as below:

OSTO:TROAX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.88 Max: 1.54
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Troax Group AB was 1.54. The lowest was 0.46. And the median was 0.88.

OSTO:TROAX's Debt-to-Equity is ranked worse than
64.77% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs OSTO:TROAX: 0.47

Troax Group AB Debt-to-Equity Historical Data

The historical data trend for Troax Group 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.

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Troax Group AB Debt-to-Equity Chart

Troax Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.83

0.75

0.58

0.46

0.48

Troax Group AB 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															-	-	-	0.48	-

Competitive Comparison of Troax Group AB's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Troax Group 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.

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

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

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

Troax Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Troax Group 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	+	919.962)	/	1927.187
	=	0.48

Troax Group 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)	/	1969.094
	=	0.00

Troax Group AB (OSTO:TROAX) 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.

Troax Group AB Debt-to-Equity Related Terms

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

Troax Group AB (OSTO:TROAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Troax Group AB (OSTO:TROAX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5TO:Germany

Address

P.O. Box 89, Hillerstorp, SWE, SE-335 04

Website

https://www.troax.com

Troax Group AB focuses on three business areas namely Property Protection; Machine Guarding and Warehouse Partitioning. It generates maximum revenue from the Machine Guarding business. The Group's net sales are divided into the following five geographical areas: The Nordic region, the UK, Continental Europe, North America, and New markets, it derives a majority of revenue from the Continental Europe region. Sales and installation mainly take place via own sales companies in Europe, the USA, and China, & via a small number of agents. Machine Guarding comprises Troax's standardised protection solutions for robot cells and automation solutions. The solutions comprise everything from individual mesh panels to complete installations of safety doors and locks equipped with circuit breakers.

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