Eevia Health (XSAT:EEVIA) Debt-to-Equity : 0.34 (As of Mar. 2024)

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What is Eevia Health Debt-to-Equity?

Eevia Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr5.24 Mil. Eevia Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr6.93 Mil. Eevia Health's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr35.64 Mil. Eevia Health's debt to equity for the quarter that ended in Mar. 2024 was 0.34.

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 Eevia Health's Debt-to-Equity or its related term are showing as below:

XSAT:EEVIA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.47
Current: 0.34

During the past 4 years, the highest Debt-to-Equity Ratio of Eevia Health was 0.47. The lowest was 0.09. And the median was 0.19.

XSAT:EEVIA's Debt-to-Equity is ranked better than
68.67% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs XSAT:EEVIA: 0.34

Eevia Health Debt-to-Equity Historical Data

The historical data trend for Eevia Health'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.

Eevia Health Debt-to-Equity Chart

Eevia Health Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.40

0.16

0.29

Eevia Health Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.29	0.10	0.09	0.19	0.34

Competitive Comparison of Eevia Health's Debt-to-Equity

For the Packaged Foods subindustry, Eevia Health'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.

Eevia Health's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Eevia Health's Debt-to-Equity distribution charts can be found below:

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

Eevia Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eevia Health'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
	=	(7.454	+	3.342)	/	37.049
	=	0.29

Eevia Health'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
	=	(5.24	+	6.926)	/	35.636
	=	0.34

Eevia Health (XSAT:EEVIA) 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.

Eevia Health Debt-to-Equity Related Terms

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Eevia Health (XSAT:EEVIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Eevia Health PLC (XSAT:EEVIA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Koulukatu 14, Seinajoki, FIN, FI-60100

Website

https://www.eeviahealth.com

Eevia Health PLC is a manufacturer of health-promoting extracts extracted from berries, mushrooms, and bark from the Nordic forests. Its products include Bilberry Extracts, Chaga Extracts, Pine Bark Extracts, and Lingonberry extracts among others.

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