Cargotec Oyj (Cargotec Oyj) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is Cargotec Oyj Debt-to-Equity?

Cargotec Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $142 Mil. Cargotec Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $265 Mil. Cargotec Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,957 Mil. Cargotec Oyj'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 Cargotec Oyj's Debt-to-Equity or its related term are showing as below:

CYJBF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.62 Max: 1
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Cargotec Oyj was 1.00. The lowest was 0.21. And the median was 0.62.

CYJBF's Debt-to-Equity is ranked better than
71.28% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.395 vs CYJBF: 0.21

Cargotec Oyj Debt-to-Equity Historical Data

The historical data trend for Cargotec 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.

Cargotec Oyj Debt-to-Equity Chart

Cargotec Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.86

0.91

0.60

0.55

0.50

Cargotec 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															0.57	0.54	0.51	0.50	0.21

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

For the Farm & Heavy Construction Machinery subindustry, Cargotec 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.

Cargotec Oyj's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Cargotec Oyj's Debt-to-Equity distribution charts can be found below:

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

Cargotec Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cargotec 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
	=	(172.737	+	772.301)	/	1910.905
	=	0.49

Cargotec 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
	=	(141.522	+	265.435)	/	1956.848
	=	0.21

Cargotec Oyj (OTCPK:CYJBF) 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.

Cargotec Oyj Debt-to-Equity Related Terms

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

Cargotec Oyj (Cargotec Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Cargotec Oyj (OTCPK:CYJBF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0MGH:UK CGCBV:Finland C1C:Germany

Address

Porkkalankatu 5, Helsinki, FIN, 00180

Website

https://www.cargotec.com

Cargotec Oyj provides cargo and load handling solutions. Its product portfolio consists of a wide range of handling equipment and solutions, including services for terminals and distribution centers, spare parts for on-road delivery, and systems for handling marine cargo. Mobile equipment mixed with automation and energy-efficient offerings helps customers integrate different handling processes. Cargotec operates three business segments: Kalmar, Hiab, and MacGregor. The majority of sales derive from distributing products, but a global network offers services and components. Customers range from small businesses to large national organizations. The company has established customer relationships in Europe/Middle East/Africa, Asia-Pacific, and the Americas.

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