Clevon AS (OTSE:CLEV) Debt-to-Equity : 0.56 (As of Jun. 2023)

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What is Clevon AS Debt-to-Equity?

Clevon AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.77 Mil. Clevon AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €1.40 Mil. Clevon AS's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €3.88 Mil. Clevon AS's debt to equity for the quarter that ended in Jun. 2023 was 0.56.

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 Clevon AS's Debt-to-Equity or its related term are showing as below:

OTSE:CLEV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.39 Max: 0.56
Current: 0.56

During the past 1 years, the highest Debt-to-Equity Ratio of Clevon AS was 0.56. The lowest was 0.22. And the median was 0.39.

OTSE:CLEV's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.47 vs OTSE:CLEV: 0.56

Clevon AS Debt-to-Equity Historical Data

The historical data trend for Clevon AS'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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Clevon AS Debt-to-Equity Chart

Clevon AS Annual Data

Trend

Dec22

Debt-to-Equity

0.22

Clevon AS Semi-Annual Data
	Dec22	Jun23
Debt-to-Equity	0.22	0.56

Competitive Comparison of Clevon AS's Debt-to-Equity

For the Auto Manufacturers subindustry, Clevon AS'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.

Clevon AS's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Clevon AS's Debt-to-Equity distribution charts can be found below:

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

Clevon AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clevon AS'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
	=	(0.797	+	0.648)	/	6.516
	=	0.22

Clevon AS'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
	=	(0.773	+	1.395)	/	3.88
	=	0.56

Clevon AS (OTSE:CLEV) 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.

Clevon AS Debt-to-Equity Related Terms

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