Tomra Systems ASA (Tomra Systems ASA) Debt-to-Equity

: 0.78 (As of Dec. 2023)

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Tomra Systems ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $136 Mil. Tomra Systems ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $356 Mil. Tomra Systems ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $629 Mil. Tomra Systems ASA's debt to equity for the quarter that ended in Dec. 2023 was 0.78.

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 Tomra Systems ASA's Debt-to-Equity or its related term are showing as below:

TMRAY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.46 Max: 0.78
Current: 0.78

During the past 13 years, the highest Debt-to-Equity Ratio of Tomra Systems ASA was 0.78. The lowest was 0.28. And the median was 0.46.

TMRAY's Debt-to-Equity is ranked worse than
55.36% of 224 companies
in the Waste Management industry
Industry Median: 0.665 vs TMRAY: 0.78

Tomra Systems ASA Debt-to-Equity Historical Data

The historical data trend for Tomra Systems ASA'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.

Tomra Systems ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.69

0.49

0.35

0.56

0.78

Tomra Systems ASA 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																0.56	0.53	0.65	0.71	0.78

Competitive Comparison

For the Waste Management subindustry, Tomra Systems ASA'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.

Tomra Systems ASA Debt-to-Equity Distribution

For the Waste Management industry and Industrials sector, Tomra Systems ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tomra Systems ASA's Debt-to-Equity falls into.

Tomra Systems ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tomra Systems ASA'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
	=	(135.771	+	356.333)	/	629.24
	=	0.78

Tomra Systems ASA'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
	=	(135.771	+	356.333)	/	629.24
	=	0.78

Tomra Systems ASA (OTCPK:TMRAY) 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.

Tomra Systems ASA Debt-to-Equity Related Terms

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Tomra Systems ASA (Tomra Systems ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tomra Systems ASA (OTCPK:TMRAY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TMRAF:USA TOMo:Sweden TOM:Norway 0KV7:UK TMRA:Germany

Address

Drengsrudhagen 2, Asker, NOR, 1385

Website

https://www.tomra.com

Tomra Systems ASA provides sorting and recycling solutions to better equip customers for handling waste. It operates two primary business segments: collection solutions (a majority of revenue) and sorting solutions. The company produces, sells, and services automated recycling systems, including data administration systems that monitor the volume of collected materials. It manufactures reverse vending machines to collect empty beverage containers. The empty beverage containers are gathered and processed into reusable molds. Tomra services the machines and provides replacement parts to ensure optimal performance. Food sorting solutions inspect individual pieces and stop resources from going to waste. The majority of revenue comes from customers in Europe, North America and Rest of World.