Sandvik AB (OSTO:SAND) Debt-to-Equity : 0.51 (As of Mar. 2024)

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What is Sandvik AB Debt-to-Equity?

Sandvik AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr12,245 Mil. Sandvik AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr34,965 Mil. Sandvik AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr93,503 Mil. Sandvik AB's debt to equity for the quarter that ended in Mar. 2024 was 0.50.

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 Sandvik AB's Debt-to-Equity or its related term are showing as below:

OSTO:SAND' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.61 Max: 1.31
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Sandvik AB was 1.31. The lowest was 0.28. And the median was 0.61.

OSTO:SAND's Debt-to-Equity is ranked worse than
67.07% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs OSTO:SAND: 0.51

Sandvik AB Debt-to-Equity Historical Data

The historical data trend for Sandvik AB'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.

Sandvik AB Debt-to-Equity Chart

Sandvik AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.33

0.28

0.45

0.64

0.51

Sandvik AB 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															0.63	0.67	0.59	0.51	0.51

Competitive Comparison of Sandvik AB's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Sandvik AB'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.

Sandvik AB's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Sandvik AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sandvik AB'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
	=	(12240	+	32841)	/	87631
	=	0.51

Sandvik AB'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
	=	(12245	+	34965)	/	93503
	=	0.50

Sandvik AB (OSTO:SAND) 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.

Sandvik AB Debt-to-Equity Related Terms

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Sandvik AB (OSTO:SAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sandvik AB (OSTO:SAND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SDVKY:USA SDVKF:USA SAND:Mexico SANDs:UK 0HC0:UK SVKB:Germany

Address

Kungsbron 1, Section G, Floor 6, Stockholm, SWE, 111 22

Website

https://www.sandvik.com

Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The company's core operations are in metal cutting and mining equipment. The company has a well-documented history, having been founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.Europe is the largest contributor to group sales at 27%, followed by North America 25%, Asia 19%, Australia 12%, Africa/Middle East 11%, and South America 6%.