Citycon Oyj (LTS:0A0F) Debt-to-Equity : 1.05 (As of Mar. 2024)

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What is Citycon Oyj Debt-to-Equity?

Citycon Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €148.0 Mil. Citycon Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,990.8 Mil. Citycon Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €2,036.0 Mil. Citycon Oyj's debt to equity for the quarter that ended in Mar. 2024 was 1.05.

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

LTS:0A0F' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 0.92 Max: 1.08
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of Citycon Oyj was 1.08. The lowest was 0.71. And the median was 0.92.

LTS:0A0F's Debt-to-Equity is ranked worse than
61.68% of 1579 companies
in the Real Estate industry
Industry Median: 0.76 vs LTS:0A0F: 1.05

Citycon Oyj Debt-to-Equity Historical Data

The historical data trend for Citycon 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.

* Premium members only.

Citycon Oyj Debt-to-Equity Chart

Citycon Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.81

0.98

0.76

0.78

0.94

Citycon Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.81	0.82	0.85	0.94	1.05

Competitive Comparison of Citycon Oyj's Debt-to-Equity

For the Real Estate - Diversified subindustry, Citycon 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.

Citycon Oyj's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Citycon Oyj's Debt-to-Equity distribution charts can be found below:

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

Citycon Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Citycon Oyj's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(361.6	+	1502.8)	/	1987.5
	=	0.94

Citycon Oyj'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
	=	(148	+	1990.8)	/	2036
	=	1.05

Citycon Oyj (LTS:0A0F) 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.

Citycon Oyj Debt-to-Equity Related Terms

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Citycon Oyj (LTS:0A0F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Citycon Oyj (LTS:0A0F) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTY1S:Finland TY2B:Germany

Address

Piispansilta 9 A 1, Iso Omena, Espoo, FIN, 02230

Website

https://www.citycon.com

Citycon Oyj owns, develops, and manages shopping centers and other retail properties in Finland, Norway, Sweden, Estonia, and Denmark. The company owns 33 centers and 1 other retail property. Among those centers, 9 are located in Finland, 2 in Estonia, 14 in Norway, 6 in Sweden and 2 in Denmark. Citycon's business operations are divided into 3 business units: 1) Finland, Estonia and Denmark 2)Sweden 3)Norway. The business units are further subdivided into clusters. The Finnish, Estonian and Danish unit is composed of two clusters, the Swedish unit of one cluster and the Norwegian unit of two.

Citycon Oyj (LTS:0A0F) Headlines

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