Pandora AS (OCSE:PNDORA) Debt-to-Equity : 3.97 (As of Mar. 2025)

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What is Pandora AS Debt-to-Equity?

Pandora AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was kr2,853 Mil. Pandora AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was kr12,360 Mil. Pandora AS's Total Stockholders Equity for the quarter that ended in Mar. 2025 was kr3,833 Mil. Pandora AS's debt to equity for the quarter that ended in Mar. 2025 was 3.97.

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

OCSE:PNDORA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 1.23 Max: 4.32
Current: 3.97

During the past 13 years, the highest Debt-to-Equity Ratio of Pandora AS was 4.32. The lowest was 0.27. And the median was 1.23.

OCSE:PNDORA's Debt-to-Equity is ranked worse than
95.67% of 1015 companies
in the Retail - Cyclical industry
Industry Median: 0.58 vs OCSE:PNDORA: 3.97

Pandora AS Debt-to-Equity Historical Data

The historical data trend for Pandora 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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Pandora AS Debt-to-Equity Chart

Pandora AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.82

0.56

1.06

2.09

2.43

Pandora AS Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															3.43	3.51	4.32	2.43	3.97

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

For the Luxury Goods subindustry, Pandora 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.

Pandora AS's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pandora AS's Debt-to-Equity distribution charts can be found below:

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

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Pandora AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pandora AS's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1776	+	11625)	/	5508
	=	2.43

Pandora AS's Debt to Equity Ratio for the quarter that ended in Mar. 2025 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
	=	(2853	+	12360)	/	3833
	=	3.97

Pandora AS (OCSE:PNDORA) 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.

Pandora AS Debt-to-Equity Related Terms

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

Pandora AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pandora AS (OCSE:PNDORA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PNDRY:USA PNDZF:USA PNDORc:UK 0NQC:UK 3P7:Germany

Address

Havneholmen 17-19, Copenhagen, DNK, DK-1561

Website

https://www.pandoragroup.com

Pandora is a premium jewelry brand and the market leader in the charm bracelet category. The company was established in the 1980s in Denmark and since then has expanded globally. Pandora has over 2,700 concept stores globally (2,000 owned and operated, and the remainder run by its franchise partners) as well as multibrand locations and stores-in-stores. Pandora owned retail accounts for over 80% and wholesale for remainder. Charms and bracelets account for almost three fourths of its sales. The firm produces mostly internally in two jewelry-crafting facilities in Thailand.

Pandora AS Headlines

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