Swedencare AB (OSTO:SECARE) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is Swedencare AB Debt-to-Equity?

Swedencare AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr40 Mil. Swedencare AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,603 Mil. Swedencare AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr7,746 Mil. Swedencare AB's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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

OSTO:SECARE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.22 Max: 0.93
Current: 0.21

During the past 10 years, the highest Debt-to-Equity Ratio of Swedencare AB was 0.93. The lowest was 0.03. And the median was 0.22.

OSTO:SECARE's Debt-to-Equity is ranked better than
57.13% of 856 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs OSTO:SECARE: 0.21

Swedencare AB Debt-to-Equity Historical Data

The historical data trend for Swedencare 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.

Swedencare AB Debt-to-Equity Chart

Swedencare AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.20

0.30

0.26

0.23

Swedencare 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															0.26	0.24	0.23	0.23	0.21

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

For the Drug Manufacturers - Specialty & Generic subindustry, Swedencare 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.

Swedencare AB's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Swedencare AB's Debt-to-Equity distribution charts can be found below:

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

Swedencare AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Swedencare 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
	=	(37.8	+	1625.5)	/	7206.8
	=	0.23

Swedencare 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
	=	(40.2	+	1603.3)	/	7745.6
	=	0.21

Swedencare AB (OSTO:SECARE) 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.

Swedencare AB Debt-to-Equity Related Terms

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Swedencare AB (OSTO:SECARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Swedencare AB (OSTO:SECARE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SWDCF:USA 0ABG:UK 7XY:Germany

Address

Per Albin Hanssons Vag 41, Medeon Science Park, Malmo, SWE, 205 12

Website

https://www.swedencare.se

Swedencare AB is specialized in pet healthcare and produces partly in own factories, markets and sells premium products on the global market. The company has a wide range of brands and products within most therapy areas, which includes Animal Pharmaceuticals, nutravet, NutriScience, PetMD, Stratford, VetWELL as well as ProDen PlaqueOff for oral health to dogs and cats. The company's products are sold in approximately fifty markets.

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