YIT Oyj (YIT Oyj) Debt-to-Equity : 1.18 (As of Dec. 2023)

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What is YIT Oyj Debt-to-Equity?

YIT Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $470 Mil. YIT Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $619 Mil. YIT Oyj's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $920 Mil. YIT Oyj's debt to equity for the quarter that ended in Dec. 2023 was 1.18.

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 YIT Oyj's Debt-to-Equity or its related term are showing as below:

YITYY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 1.12 Max: 1.69
Current: 1.18

During the past 13 years, the highest Debt-to-Equity Ratio of YIT Oyj was 1.69. The lowest was 0.74. And the median was 1.12.

YITYY's Debt-to-Equity is ranked worse than
80.66% of 1505 companies
in the Construction industry
Industry Median: 0.43 vs YITYY: 1.18

YIT Oyj Debt-to-Equity Historical Data

The historical data trend for YIT 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.

YIT Oyj Debt-to-Equity Chart

YIT Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.99

1.22

0.74

1.00

1.18

YIT Oyj 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															1.00	1.12	1.18	1.18	1.18

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

For the Engineering & Construction subindustry, YIT 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.

YIT Oyj's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, YIT Oyj's Debt-to-Equity distribution charts can be found below:

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

YIT Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

YIT 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
	=	(470.011	+	619.411)	/	920.393
	=	1.18

YIT Oyj'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
	=	(470.011	+	619.411)	/	920.393
	=	1.18

YIT Oyj (OTCPK:YITYY) 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.

YIT Oyj Debt-to-Equity Related Terms

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

YIT Oyj (YIT Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » YIT Oyj (OTCPK:YITYY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

YITh:UK 0GKA:UK YIT:Finland YIT:Germany

Address

Panuntie 11, P.O. Box 36, Helsinki, FIN, 00620

Website

https://www.yitgroup.com

YIT Oyj is a Finnish construction service provider. YIT develops and builds apartments and living services, business premises and entire areas. The company has four reportable segments: 1) Housing segment which comprises the development and construction of apartments, entire residential areas and leisure-time residences; 2) Business Premises segment engages in contracting in business premises construction as well as residential construction. 3) Infrastructure segment includes railway and traffic route construction and maintenance, green construction, bridge building and repairing, foundation construction and other earthworks, shoreline and waterworks construction, etc; 4) Property Development segment develops business premises and hybrid projects as well as wind farms.

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