Electrolux AB (Electrolux AB) Debt-to-Equity : 3.63 (As of Dec. 2023)

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What is Electrolux AB Debt-to-Equity?

Electrolux AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $836 Mil. Electrolux AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,148 Mil. Electrolux AB's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,099 Mil. Electrolux AB's debt to equity for the quarter that ended in Dec. 2023 was 3.63.

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

ELRXF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.87 Max: 3.63
Current: 3.63

During the past 13 years, the highest Debt-to-Equity Ratio of Electrolux AB was 3.63. The lowest was 0.45. And the median was 0.87.

ELRXF's Debt-to-Equity is ranked worse than
98.96% of 384 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs ELRXF: 3.63

Electrolux AB Debt-to-Equity Historical Data

The historical data trend for Electrolux 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.

Electrolux AB Debt-to-Equity Chart

Electrolux AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.65

0.97

1.01

2.52

3.63

Electrolux AB 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															2.52	2.60	2.42	2.67	3.63

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

For the Furnishings, Fixtures & Appliances subindustry, Electrolux 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.

Electrolux AB's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Electrolux AB's Debt-to-Equity distribution charts can be found below:

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

Electrolux AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Electrolux 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
	=	(836.355	+	3148.3)	/	1098.503
	=	3.63

Electrolux AB'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
	=	(836.355	+	3148.3)	/	1098.503
	=	3.63

Electrolux AB (OTCPK:ELRXF) 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.

Electrolux AB Debt-to-Equity Related Terms

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Electrolux AB (Electrolux AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Electrolux AB (OTCPK:ELRXF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ELUXY:USA ELUX B:Sweden ELUX A:Sweden ELUXBs:UK 0MDT:UK ELXC:Germany

Address

Street Goransgatan 143, Stadshagen, Stockholm, SWE, SE-105 45

Website

https://www.electroluxgroup.com

Electrolux AB is a Sweden-based company that is principally engaged in manufacturing home appliances and appliances for professional use. Its products are categorized into kitchen products, laundry products, small appliances, professional kitchen products, professional laundry products, and adjacent products, with kitchen products accounting for more than half of total revenue. The company's brands include Electrolux, AEG, Zanussi, Frigidaire, and Electrolux Grand Cuisine. The company has a business presence, including North America, Europe, Latin America, Africa, the Middle East, and Asia, with North America and Europe jointly contributing over half of the total revenue.