Kitron ASA (OSL:KIT) Debt-to-Equity : 0.92 (As of Dec. 2023)

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What is Kitron ASA Debt-to-Equity?

Kitron ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr634 Mil. Kitron ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr1,302 Mil. Kitron ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr2,111 Mil. Kitron ASA's debt to equity for the quarter that ended in Dec. 2023 was 0.92.

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 Kitron ASA's Debt-to-Equity or its related term are showing as below:

OSL:KIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 0.75 Max: 1.34
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of Kitron ASA was 1.34. The lowest was 0.53. And the median was 0.75.

OSL:KIT's Debt-to-Equity is ranked worse than
84.27% of 2199 companies
in the Hardware industry
Industry Median: 0.28 vs OSL:KIT: 0.92

Kitron ASA Debt-to-Equity Historical Data

The historical data trend for Kitron ASA'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.

Kitron ASA Debt-to-Equity Chart

Kitron ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.34

1.03

0.81

1.26

0.92

Kitron ASA 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															1.26	1.08	1.04	1.04	0.92

Competitive Comparison of Kitron ASA's Debt-to-Equity

For the Electronic Components subindustry, Kitron ASA'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.

Kitron ASA's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kitron ASA's Debt-to-Equity distribution charts can be found below:

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

Kitron ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kitron ASA'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
	=	(633.884	+	1302.281)	/	2111.03
	=	0.92

Kitron ASA'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
	=	(633.884	+	1302.281)	/	2111.03
	=	0.92

Kitron ASA (OSL:KIT) 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.

Kitron ASA Debt-to-Equity Related Terms

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

Kitron ASA (OSL:KIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kitron ASA (OSL:KIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KITO:Sweden KP5:Germany

Address

Olav Brunborgs vei 4, Billingstad, NOR, 1396

Website

https://www.kitron.com

Kitron ASA is an electronics manufacturing service company. It manufactures products that are embedded in the customers' own products and box-built electronic products. The company provides a high-level assembly of complex electromechanical products and also provides various other services within development, industrialization, supply chain management, logistics, and aftermarket services. The company has manufacturing facilities in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, and the United States. It serves Defense/Aerospace, Energy/Telecoms, Industry, Medical Devices, and Offshore/Marine markets. The company operates in a single segment Electronics Manufacturing Services from which it earns the majority of its revenues.

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