Norcod AS (FRA:NO9) Debt-to-Equity : 0.84 (As of Sep. 2023)

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What is Norcod AS Debt-to-Equity?

Norcod AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €11.26 Mil. Norcod AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €13.35 Mil. Norcod AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €29.28 Mil. Norcod AS's debt to equity for the quarter that ended in Sep. 2023 was 0.84.

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 Norcod AS's Debt-to-Equity or its related term are showing as below:

FRA:NO9' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.44 Max: 1.87
Current: 0.84

During the past 5 years, the highest Debt-to-Equity Ratio of Norcod AS was 1.87. The lowest was 0.04. And the median was 0.44.

FRA:NO9's Debt-to-Equity is ranked worse than
72.42% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs FRA:NO9: 0.84

Norcod AS Debt-to-Equity Historical Data

The historical data trend for Norcod AS'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.

Norcod AS Debt-to-Equity Chart

Norcod AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.04

0.18

0.48

1.33

Norcod AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial												0.44	1.33	1.87	1.14	0.84

Competitive Comparison of Norcod AS's Debt-to-Equity

For the Farm Products subindustry, Norcod AS'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.

Norcod AS's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Norcod AS's Debt-to-Equity distribution charts can be found below:

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

Norcod AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Norcod AS'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
	=	(16.666	+	5.822)	/	16.881
	=	1.33

Norcod AS's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(11.257	+	13.35)	/	29.283
	=	0.84

Norcod AS (FRA:NO9) 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.

Norcod AS Debt-to-Equity Related Terms

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Norcod AS (FRA:NO9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Norcod AS (FRA:NO9) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NCOD:Norway

Address

Thomas Angells Gate 22, Trondheim, NOR, 7011

Website

https://www.norcod.no

Norcod AS is engaged in the business of commercial farming and selling Atlantic cod in marine facilities. The company serves customers worldwide. Its production is based in its natural cold-water habitat along the coast of Central and Northern Norway. The company's operating revenue is derived mainly from the sale of cod.

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