FREYR Battery (FREYR Battery) Debt-to-Equity : 0.03 (As of Sep. 2023)

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What is FREYR Battery Debt-to-Equity?

FREYR Battery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.21 Mil. FREYR Battery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $18.35 Mil. FREYR Battery's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $632.29 Mil. FREYR Battery's debt to equity for the quarter that ended in Sep. 2023 was 0.03.

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 FREYR Battery's Debt-to-Equity or its related term are showing as below:

FREY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.04
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of FREYR Battery was 0.04. The lowest was 0.02. And the median was 0.03.

FREY's Debt-to-Equity is ranked better than
89.81% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs FREY: 0.03

FREYR Battery Debt-to-Equity Historical Data

The historical data trend for FREYR Battery'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.

FREYR Battery Debt-to-Equity Chart

FREYR Battery Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.02

FREYR Battery Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								0.03	0.02	0.03	0.04	0.03

Competitive Comparison of FREYR Battery's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, FREYR Battery'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.

FREYR Battery's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

FREYR Battery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FREYR Battery'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
	=	(3.257	+	11.144)	/	717.455
	=	0.02

FREYR Battery's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3.212	+	18.353)	/	632.285
	=	0.03

FREYR Battery (NYSE:FREY) 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.

FREYR Battery Debt-to-Equity Related Terms

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FREYR Battery (FREYR Battery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FREYR Battery Inc (NYSE:FREY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

T2T:Germany T2T:Germany

Address

Boulevard Royal, 22-24, Level 2449, Luxembourg, LUX, L-2449

Website

https://www.freyrbattery.com

FREYR Battery Inc is an emerging producer of clean battery solutions for the planet. It designs and manufactures high-density and cost-competitive lithium-ion batteries with a reduced carbon footprint for the markets for electric mobility, stationary energy storage, and marine and aviation applications.