Atea ASA (CHIX:ATEAO) Debt-to-Equity : 0.56 (As of Mar. 2024)

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What is Atea ASA Debt-to-Equity?

Atea ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr797 Mil. Atea ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,732 Mil. Atea ASA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr4,511 Mil. Atea ASA's debt to equity for the quarter that ended in Mar. 2024 was 0.56.

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

CHIX:ATEAo' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.56 Max: 0.97
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Atea ASA was 0.97. The lowest was 0.24. And the median was 0.56.

CHIX:ATEAo's Debt-to-Equity is ranked worse than
73.25% of 2224 companies
in the Software industry
Industry Median: 0.21 vs CHIX:ATEAo: 0.56

Atea ASA Debt-to-Equity Historical Data

The historical data trend for Atea 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.

Atea ASA Debt-to-Equity Chart

Atea ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.24

0.76

0.60

0.54

Atea ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.54	0.48	0.66	0.65	0.56

Competitive Comparison of Atea ASA's Debt-to-Equity

For the Information Technology Services subindustry, Atea 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.

Atea ASA's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Atea ASA's Debt-to-Equity distribution charts can be found below:

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

Atea ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atea ASA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(949	+	1054)	/	3728
	=	0.54

Atea ASA's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(797	+	1732)	/	4511
	=	0.56

Atea ASA (CHIX:ATEAo) 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.

Atea ASA Debt-to-Equity Related Terms

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Atea ASA (CHIX:ATEAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Atea ASA (CHIX:ATEAo) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ATEAY:USA ATAZF:USA ATEAo:Sweden ATEA:Norway 0JWO:UK MKL:Germany

Address

Karvesvingen 5, P.O. Box 6472, Etterstad, Oslo, NOR, NO-0605

Website

https://www.atea.com

Atea ASA is a Norway-based company that provides IT infrastructure and system integration services to customers. The company's product and services portfolio includes the sale of products such as third-party hardware and software, mobile device management and security software, and maintenance and operation of IT infrastructure services for companies, among others. The company operations are divided into six business segments based on geographical areas and services: Norway, Sweden, Denmark, Finland, The Baltics, and Shared Services. The firm generates most of its revenue in Sweden.

Atea ASA (CHIX:ATEAO) Headlines

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