FNNNF (Finnair Oyj) Debt-to-Equity: 0.90 (As of Jun. 2026) — 64% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FNNNF Finnair Oyj FNNNF
60 GF Score
Price $5.73
GF Value $3.12
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Finnair Oyj Debt-to-Equity?

Finnair Oyj FNNNF +17.32% 60 Debt-to-Equity is 0.90 as of Jun. 2026, which is 64% below its 10-year median of 2.47. GuruFocus rates FNNNF with a GF Score™ of 60/100 and a GF Value™ of $3.12 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 910 Transportation companies, Finnair Oyj ranks worse than 68.13% on this metric.

Finnair Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $146 Mil. Finnair Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $696 Mil. Finnair Oyj's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $933 Mil. Finnair Oyj's debt to equity for the quarter that ended in Jun. 2026 was 0.90.

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

FNNNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59   Med: 2.47   Max: 9.5
Current: 0.9

During the past 13 years, the highest Debt-to-Equity Ratio of Finnair Oyj was 9.50. The lowest was 0.59. And the median was 2.47.

FNNNF's Debt-to-Equity is ranked worse than
68.13% of 910 companies
in the Transportation industry
Industry Median: 0.53 vs FNNNF: 0.90

Finnair Oyj  (OTCPK:FNNNF) 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.


Finnair Oyj Debt-to-Equity Related Terms


Finnair Oyj Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Finnair 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.

Finnair Oyj Debt-to-Equity Chart

Finnair Oyj Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.91 6.40 3.51 2.97 2.80

Finnair Oyj Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.87 2.51 2.80 1.89 0.90

FNNNF vs DAL, UAL, LUV: Debt-to-Equity Comparison

For the Airlines subindustry, Finnair 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.


Finnair Oyj Debt-to-Equity vs Transportation Industry

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

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


FNNNF
60GF Score
Finnair Oyj FNNNF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Finnair Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Finnair Oyj's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Finnair Oyj's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.90 mean?
Finnair Oyj (FNNNF) has a Debt-to-Equity of 0.90 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Finnair Oyj and its competitors. This is 64% below median its historical median of 2.47. Over the past decade, Finnair Oyj's Debt-to-Equity has ranged from 0.59 to 9.50. According to the industry distribution chart, Finnair Oyj ranks #620 out of 910 companies in the Transportation industry, placing it in the top 68.1%.
Is Finnair Oyj's Debt-to-Equity too high?
Finnair Oyj's current Debt-to-Equity of 0.90 is 64% below median its 10-year median of 2.47. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 9.50. The Transportation industry median Debt-to-Equity is 0.53. Finnair Oyj's value of 0.90 is 69.8% above this industry median. Based on the distribution chart, Finnair Oyj ranks #620 out of 910 companies in the Transportation industry, which is below the industry midpoint. Overall, Finnair Oyj has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Finnair Oyj's Debt-to-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Finnair Oyj ranks #620 out of 910 companies for Debt-to-Equity. This places Finnair Oyj in the lower half of its industry. The industry median Debt-to-Equity is 0.53. Finnair Oyj's value of 0.90 is 69.8% above this benchmark. Historically, Finnair Oyj's own Debt-to-Equity has ranged from 0.59 to 9.50 over the past decade. While the company's 10-year median is 2.47 vs. the industry median of 0.53, Finnair Oyj has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 910 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Finnair Oyj's current Debt-to-Equity of 0.90 is 69.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Finnair Oyj and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finnair Oyj's current Debt-to-Equity is 0.90, which is 64% below median its own 10-year median of 2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finnair Oyj stock overvalued right now?
Based on GuruFocus' analysis, Finnair Oyj (FNNNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.12, compared to a current price of $5.73 — trading 83.5% above its estimated fair value. The current Debt-to-Equity is 0.90, which is 64% below median its 10-year median of 2.47 and 69.8% above the Transportation industry median of 0.53. Finnair Oyj's overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Finnair Oyj (FNNNF), the current Debt-to-Equity is 0.90 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Finnair Oyj (FNNNF) Overvalued in 2026?

Based on GuruFocus' analysis, Finnair Oyj stock appears to be overvalued. The current stock price of $5.73 is trading 83.5% above its estimated GF Value™ of $3.12. GuruFocus considers Finnair Oyj to be Significantly Overvalued.

Key valuation signals for FNNNF:

  • Debt-to-Equity: 0.90 (64% below median its 10-year median of 2.47)
  • GF Value™: $3.12 vs. price of $5.73 (83.5% above fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 69.8% above the Transportation median (#620 of 910)

No single metric tells the full story. See the FNNNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Finnair Oyj Business Description

Address Tietotie 9 A Helsinki Airport, PO Box 15, Vantaa, FIN, 01053
Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. The company is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. It operates in only one segment which is Airline Business. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, support services include catering services, Aircraft maintenance, ground handling, and Airline training.
60GF Score

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.73
Price
$3.12
GF Value