Pihlajalinna Oyj (LTS:0R8H) Debt-to-Equity : 1.45 (As of Mar. 2024)

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What is Pihlajalinna Oyj Debt-to-Equity?

Pihlajalinna Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €30.4 Mil. Pihlajalinna Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €191.3 Mil. Pihlajalinna Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €153.1 Mil. Pihlajalinna Oyj's debt to equity for the quarter that ended in Mar. 2024 was 1.45.

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

LTS:0R8H' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 1.79 Max: 8.63
Current: 1.45

During the past 12 years, the highest Debt-to-Equity Ratio of Pihlajalinna Oyj was 8.63. The lowest was 0.41. And the median was 1.79.

LTS:0R8H's Debt-to-Equity is ranked worse than
81.02% of 548 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs LTS:0R8H: 1.45

Pihlajalinna Oyj Debt-to-Equity Historical Data

The historical data trend for Pihlajalinna 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.

Pihlajalinna Oyj Debt-to-Equity Chart

Pihlajalinna Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.17

1.90

1.67

3.23

2.55

Pihlajalinna 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															1.57	1.51	1.54	2.55	1.45

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

For the Medical Care Facilities subindustry, Pihlajalinna 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.

Pihlajalinna Oyj's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Pihlajalinna Oyj's Debt-to-Equity distribution charts can be found below:

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

Pihlajalinna Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pihlajalinna 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
	=	(33.75	+	343.844)	/	148.036
	=	2.55

Pihlajalinna 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
	=	(30.4	+	191.3)	/	153.1
	=	1.45

Pihlajalinna Oyj (LTS:0R8H) 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.

Pihlajalinna Oyj Debt-to-Equity Related Terms

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Pihlajalinna Oyj (LTS:0R8H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pihlajalinna Oyj (LTS:0R8H) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

PIHLIS:Finland

Address

Kehrasaari B, Tampere, FIN, 33200

Website

https://www.pihlajalinna.fi

Pihlajalinna Oyj is a private provider of healthcare and wellbeing services in Finland. The company is engaged in the business of providing healthcare and social care services to municipalities, hospital districts, companies, insurance companies, and private persons. The service selection includes general practitioner and medical specialist services, occupational healthcare, social and healthcare outsourcing, fitness center services, responsible doctor, and remote consultation services as well as residential services and staffing services.

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