LightAir AB (NGM:LAIR) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is LightAir AB Debt-to-Equity?

LightAir AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was kr0.00 Mil. LightAir AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was kr0.00 Mil. LightAir AB's Total Stockholders Equity for the quarter that ended in Jun. 2023 was kr21.76 Mil. LightAir AB's debt to equity for the quarter that ended in Jun. 2023 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 LightAir AB's Debt-to-Equity or its related term are showing as below:

NGM:LAIR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.25
Current: 0.11

During the past 10 years, the highest Debt-to-Equity Ratio of LightAir AB was 0.25. The lowest was 0.00. And the median was 0.06.

NGM:LAIR's Debt-to-Equity is ranked better than
73.05% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs NGM:LAIR: 0.11

LightAir AB Debt-to-Equity Historical Data

The historical data trend for LightAir 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.

LightAir AB Debt-to-Equity Chart

LightAir AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.06

0.05

0.08

LightAir AB Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-	0.05	-	0.08	-

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

For the Pollution & Treatment Controls subindustry, LightAir 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.

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

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

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

LightAir AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LightAir 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
	=	(0.895	+	1.385)	/	28.704
	=	0.08

LightAir 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
	=	(0	+	0)	/	21.763
	=	0.00

LightAir AB (NGM:LAIR) 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.

LightAir AB Debt-to-Equity Related Terms

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

LightAir AB (NGM:LAIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LightAir AB (NGM:LAIR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Svetsarvagen 15, 2 TR, Solna, SWE, 171 41

Website

https://www.lightair.com

LightAir AB is engaged in manufacturing and selling of air purifiers used for different industrial purposes such as traffic pollution, pet allergen, industrial pollution, smoke, and others. Its Air purifiers products include IonFlow Signature, IonFlow Evolution, IonFlow Style, IonFlow Surface, and others. The company distributes its products in Europe, Asia, and North America.

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