KONE Oyj (OHEL:KNEBV) Debt-to-Equity : 0.28 (As of Mar. 2024)

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What is KONE Oyj Debt-to-Equity?

KONE Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €119 Mil. KONE Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €455 Mil. KONE Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €2,058 Mil. KONE Oyj's debt to equity for the quarter that ended in Mar. 2024 was 0.28.

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 KONE Oyj's Debt-to-Equity or its related term are showing as below:

OHEL:KNEBV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.17 Max: 0.28
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of KONE Oyj was 0.28. The lowest was 0.02. And the median was 0.17.

OHEL:KNEBV's Debt-to-Equity is ranked better than
60.5% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs OHEL:KNEBV: 0.28

KONE Oyj Debt-to-Equity Historical Data

The historical data trend for KONE Oyj'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.

KONE Oyj Debt-to-Equity Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.16

0.17

0.19

0.20

KONE Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.26	0.25	0.22	0.20	0.28

Competitive Comparison of KONE Oyj's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.

KONE Oyj's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

KONE Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

KONE Oyj'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
	=	(113.8	+	438.7)	/	2752.1
	=	0.20

KONE Oyj'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
	=	(119.4	+	454.7)	/	2057.5
	=	0.28

KONE Oyj (OHEL:KNEBV) 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.

KONE Oyj Debt-to-Equity Related Terms

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

KONE Oyj (OHEL:KNEBV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (OHEL:KNEBV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KNYJY:USA KNYJF:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.

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