Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Cardeon ABNGM:CARDEO Debt-to-Equity is 0.01 as of Dec. 2025, which is 91% below its 10-year median of 0.11. The stock has 4 warning signs investors should review. Among 960 Asset Management companies, Cardeon AB ranks better than 99.9% on this metric.
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 Cardeon AB's Debt-to-Equity or its related term are showing as below:
NGM:CARDEO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.41
Current: 0.01
During the past 9 years, the highest Debt-to-Equity Ratio of Cardeon AB was 0.41. The lowest was 0.01. And the median was 0.11.
NGM:CARDEO's Debt-to-Equity is ranked better than 99.9% of 960
companies
in the Asset Management industry
Industry Median: 0.21
vs NGM:CARDEO: 0.01
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.
Cardeon AB Debt-to-Equity Related Terms
Cardeon AB Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Cardeon 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.
NGM:CARDEO vs BLK, BX, KKR: Debt-to-Equity Comparison
For the Asset Management subindustry, Cardeon 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.
Cardeon AB Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Cardeon AB's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Cardeon AB's Debt-to-Equity falls into.
* 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.
Cardeon AB (NGM:CARDEO) has a Debt-to-Equity of 0.01 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cardeon AB and its competitors. This is 91% below median its historical median of 0.11. Over the past decade, Cardeon AB's Debt-to-Equity has ranged from 0.01 to 0.41. According to the industry distribution chart, Cardeon AB ranks #1 out of 960 companies in the Asset Management industry, placing it in the top 0.099999999999994%.
Is Cardeon AB's Debt-to-Equity too high?
Cardeon AB's current Debt-to-Equity of 0.01 is 91% below median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.41. The Asset Management industry median Debt-to-Equity is 0.21. Cardeon AB's value of 0.01 is 95.2% below this industry median. Based on the distribution chart, Cardeon AB ranks #1 out of 960 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers.
How does Cardeon AB's Debt-to-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Cardeon AB ranks #1 out of 960 companies for Debt-to-Equity. This places Cardeon AB in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.21. Cardeon AB's value of 0.01 is 95.2% below this benchmark. Historically, Cardeon AB's own Debt-to-Equity has ranged from 0.01 to 0.41 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.21, Cardeon AB has consistently been below 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 an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 960 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. Cardeon AB's current Debt-to-Equity of 0.01 is 95.2% below 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 Cardeon AB and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cardeon AB's current Debt-to-Equity is 0.01, which is 91% below median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cardeon AB stock overvalued right now?
Based on GuruFocus' analysis, Cardeon AB (NGM:CARDEO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.01, compared to a current price of kr0.05 — trading 430% above its estimated fair value. The current Debt-to-Equity is 0.01, which is 91% below median its 10-year median of 0.11 and 95.2% below the Asset Management industry median of 0.21. 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 Cardeon AB (NGM:CARDEO), the current Debt-to-Equity is 0.01 as of Dec. 2025. 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGM:CARDEO has been successfully added to your 
