Nokian Tyres (OHEL:TYRES) Debt-to-Equity

: 0.47 (As of Dec. 2023)

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Nokian Tyres's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €143 Mil. Nokian Tyres's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €496 Mil. Nokian Tyres's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,348 Mil. Nokian Tyres's debt to equity for the quarter that ended in Dec. 2023 was 0.47.

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 Nokian Tyres's Debt-to-Equity or its related term are showing as below:

OHEL:TYRES' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.18 Max: 0.47
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Nokian Tyres was 0.47. The lowest was 0.09. And the median was 0.18.

OHEL:TYRES's Debt-to-Equity is ranked better than
50.81% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs OHEL:TYRES: 0.47

Nokian Tyres Debt-to-Equity Historical Data

The historical data trend for Nokian Tyres'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.

Nokian Tyres Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.32

0.18

0.28

0.47

Nokian Tyres 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	Get a 7-Day Free Trial															0.28	0.29	0.47	0.46	0.47

Competitive Comparison

For the Auto Parts subindustry, Nokian Tyres'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.

Nokian Tyres Debt-to-Equity Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Debt-to-Equity distribution charts can be found below:

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

Nokian Tyres Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nokian Tyres'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
	=	(142.9	+	495.5)	/	1347.6
	=	0.47

Nokian Tyres'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
	=	(142.9	+	495.5)	/	1347.6
	=	0.47

Nokian Tyres (OHEL:TYRES) 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.

Nokian Tyres Debt-to-Equity Related Terms

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Nokian Tyres (OHEL:TYRES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (OHEL:TYRES) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NKRKY:USA NKRKF:USA 1TYRES:Italy 0FFY:UK NRE:Germany

Address

Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101

Website

https://www.nokiantyres.com

Nokian Tyres plc develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The passenger car tires segment generates the majority of revenue.

Nokian Tyres (OHEL:TYRES) Headlines

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