SAS AB (SAS AB) Debt-to-Equity : -5.08 (As of Jan. 2024)

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What is SAS AB Debt-to-Equity?

SAS AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1,431 Mil. SAS AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $2,653 Mil. SAS AB's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $-804 Mil. SAS AB's debt to equity for the quarter that ended in Jan. 2024 was -5.08.

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

SASBQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -569.31 Med: 1.94 Max: 59.6
Current: -5.08

During the past 13 years, the highest Debt-to-Equity Ratio of SAS AB was 59.60. The lowest was -569.31. And the median was 1.94.

SASBQ's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.545 vs SASBQ: -5.08

SAS AB Debt-to-Equity Historical Data

The historical data trend for SAS 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.

SAS AB Debt-to-Equity Chart

SAS AB Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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1.94

3.06

5.13

59.60

-6.95

SAS AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-16.68	-7.93	-9.39	-6.95	-5.08

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

For the Airlines subindustry, SAS 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.

SAS AB's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SAS AB's Debt-to-Equity distribution charts can be found below:

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

SAS AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SAS AB's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(1299.939	+	2550.812)	/	-554.15
	=	-6.95

SAS AB's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(1431.081	+	2652.785)	/	-803.819
	=	-5.08

SAS AB (OTCPK:SASBQ) 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.

SAS AB Debt-to-Equity Related Terms

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

SAS AB (SAS AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SAS AB (OTCPK:SASBQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SAS:Sweden SASNO:Norway 0O1W:UK SAS DKK:Denmark SSV2:Germany SSV2:Germany

Address

Frosundaviks Alle 1, Solna, Stockholm, SWE, SE-195 87

Website

https://www.sasgroup.net

SAS AB is a Scandinavian airline that offers transportation to many domestic and international destinations. Its target audience is frequent business and leisure travelers, and the airline attempts to develop services that make travel easier. Loyalty programs coupled with new applications and bundled packages give customers increased access and various options to plan a trip. Passenger traffic throughout Denmark, Norway, and Sweden account for approximately one-third of total revenue, but the airline does have a worldwide reach. Partnerships with other airlines enhance their global destination network and help customers use different airlines at numerous airports.

SAS AB (SAS AB) Headlines

From GuruFocus

SAS presents traffic program for the fall

By PRNewswire PRNewswire • 08-23-2021

SAS opens new routes to Toronto from Copenhagen and Stockholm

By PRNewswire PRNewswire • 02-08-2022

SAS increases flights from Scandinavia to the United States

By PRNewswire PRNewswire • 07-09-2021