GN Store Nord A/S (CHIX:GNC) Debt-to-Equity

: 1.41 (As of Dec. 2023)

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GN Store Nord A/S's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr9,761 Mil. GN Store Nord A/S's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr3,738 Mil. GN Store Nord A/S's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr9,587 Mil. GN Store Nord A/S's debt to equity for the quarter that ended in Dec. 2023 was 1.41.

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 GN Store Nord A/S's Debt-to-Equity or its related term are showing as below:

CHIX:GNc' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.95 Max: 2.39
Current: 1.41

During the past 13 years, the highest Debt-to-Equity Ratio of GN Store Nord A/S was 2.39. The lowest was 0.31. And the median was 0.95.

CHIX:GNc's Debt-to-Equity is ranked worse than
92.69% of 711 companies
in the Medical Devices & Instruments industry
Industry Median: 0.2 vs CHIX:GNc: 1.41

GN Store Nord A/S Debt-to-Equity Historical Data

The historical data trend for GN Store Nord A/S'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.

GN Store Nord A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.45

1.13

1.86

2.39

1.41

GN Store Nord A/S Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.39	2.51	1.49	1.43	1.41

Competitive Comparison

For the Medical Devices subindustry, GN Store Nord A/S'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.

GN Store Nord A/S Debt-to-Equity Distribution

For the Medical Devices & Instruments industry and Healthcare sector, GN Store Nord A/S's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where GN Store Nord A/S's Debt-to-Equity falls into.

GN Store Nord A/S Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GN Store Nord A/S'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
	=	(9761	+	3738)	/	9587
	=	1.41

GN Store Nord A/S's Debt to Equity Ratio for the quarter 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
	=	(9761	+	3738)	/	9587
	=	1.41

GN Store Nord A/S (CHIX:GNc) 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.

GN Store Nord A/S Debt-to-Equity Related Terms

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GN Store Nord A/S (CHIX:GNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » GN Store Nord A/S (CHIX:GNc) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GNNDY:USA GGNDF:USA 0K9P:UK GN:Denmark GNN:Germany

Address

Lautrupbjerg 7, Ballerup, DNK, 2750

Website

https://www.gn.com

GN Store Nord is a Danish company offering medical and audio solutions. The group consists of two businesses: audio (about 62% of sales) and hearing (38%). GN Hearing offers hearing aids, competing globally with Sonova, Demant, Starkey, and WS Audiology (previously Sivantos and Widex). GN Audio provides headsets and speakerphones to the enterprise market (contact centers and offices), as well as to the consumer market, and recently acquired SteelSeries in the gaming market. The company has positioned itself as one of the main players in the Unified Communication-enabled headsets market. The firm's premium brands are Resound in hearing and Jabra in headsets.

GN Store Nord A/S (CHIX:GNC) Headlines

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