SSAB AB (SSAB AB) Debt-to-Equity

: 0.16 (As of Dec. 2023)

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SSAB AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $214 Mil. SSAB AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $822 Mil. SSAB AB's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,617 Mil. SSAB AB's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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

SSAAY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.29 Max: 0.68
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of SSAB AB was 0.68. The lowest was 0.16. And the median was 0.29.

SSAAY's Debt-to-Equity is ranked better than
77.06% of 558 companies
in the Steel industry
Industry Median: 0.415 vs SSAAY: 0.16

SSAB AB Debt-to-Equity Historical Data

The historical data trend for SSAB 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.

SSAB AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.25

0.32

0.17

0.16

SSAB 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																0.16	0.16	0.19	0.15	0.16

Competitive Comparison

For the Steel subindustry, SSAB 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.

SSAB AB Debt-to-Equity Distribution

For the Steel industry and Basic Materials sector, SSAB AB's Debt-to-Equity distribution charts can be found below:

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

SSAB AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SSAB 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
	=	(213.695	+	821.83)	/	6616.752
	=	0.16

SSAB 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
	=	(213.695	+	821.83)	/	6616.752
	=	0.16

SSAB AB (OTCPK:SSAAY) 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.

SSAB AB Debt-to-Equity Related Terms

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SSAB AB (SSAB AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SSAB AB (OTCPK:SSAAY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SSAB B:Sweden SSAB A:Sweden SSABBs:UK SSABAs:UK 0MHZ:UK 0KII:UK SSABBH:Finland SSABAH:Finland SKWA:Germany

Address

Klarabergsviadukten 70, D6, Box 70, Stockholm, SWE, SE-101 21

Website

https://www.ssab.com

SSAB is a Sweden-based company that operates through five divisions. SSAB special steels sell structural high-strength steel, wear-resistant steel, protection steel, and tool steel. SSAB Europe is a Nordic-based producer of the strip, plate, and tube products. SSAB Americas is a Northern American steel plate and coil maker. Tibnor, SSAB's subsidiary, is a Nordic distributor of steel and nonferrous metals. Ruukki Construction, another subsidiary of SSAB, is a Europe-based provider of energy-efficient building and construction solutions. Steel products represent the majority of the company's sales. SSAB primarily serves customers from heavy transport, construction, automotive, construction machinery, energy, and other sectors. SSAB generates most of its revenue from Europe and North America.

SSAB AB (SSAB AB) Headlines

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