Goobit Group AB (FRA:9AI) Debt-to-Equity : 0.00 (As of Jul. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Goobit Group AB Debt-to-Equity?

Goobit Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was €0.00 Mil. Goobit Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was €0.00 Mil. Goobit Group AB's Total Stockholders Equity for the quarter that ended in Jul. 2023 was €0.79 Mil. Goobit Group AB's debt to equity for the quarter that ended in Jul. 2023 was 0.00.

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

During the past 5 years, the highest Debt-to-Equity Ratio of Goobit Group AB was 0.59. The lowest was 0.06. And the median was 0.26.

FRA:9AI's Debt-to-Equity is not ranked ^*
in the Capital Markets industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Goobit Group AB Debt-to-Equity Historical Data

The historical data trend for Goobit Group 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.

Goobit Group AB Debt-to-Equity Chart

Goobit Group AB Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

0.59

0.35

0.06

Goobit Group AB Quarterly Data
	Apr19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Debt-to-Equity	Get a 7-Day Free Trial											-	-	-	-	-

Competitive Comparison of Goobit Group AB's Debt-to-Equity

For the Financial Data & Stock Exchanges subindustry, Goobit Group 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.

Goobit Group AB's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Goobit Group AB's Debt-to-Equity distribution charts can be found below:

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

Goobit Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goobit Group AB's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(0	+	0)	/	1.084
	=	0.00

Goobit Group AB's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(0	+	0)	/	0.793
	=	0.00

Goobit Group AB (FRA:9AI) 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.

Goobit Group AB Debt-to-Equity Related Terms

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

Goobit Group AB (FRA:9AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Goobit Group AB (FRA:9AI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stora Nygatan 28, Stockholm, SWE, 111 27

Website

https://www.goobit.se

Goobit Group AB is a crypto exchange company. It offers exchange services of Swedish kronor and euros to the digital currencies bitcoin and ether, and has so far exchanged over SEK 1.7 billion. The company's brands are BTCX Express and Standard BTCX.

Goobit Group AB (FRA:9AI) Headlines

No Headlines