Triona AB (NGM:TRIONA) Debt-to-Equity : 0.19 (As of Sep. 2023)

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What is Triona AB Debt-to-Equity?

Triona AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr4.0 Mil. Triona AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr9.0 Mil. Triona AB's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr68.5 Mil. Triona AB's debt to equity for the quarter that ended in Sep. 2023 was 0.19.

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

NGM:TRIONA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.23 Max: 0.64
Current: 0.19

During the past 3 years, the highest Debt-to-Equity Ratio of Triona AB was 0.64. The lowest was 0.19. And the median was 0.23.

NGM:TRIONA's Debt-to-Equity is ranked better than
52.46% of 2219 companies
in the Software industry
Industry Median: 0.21 vs NGM:TRIONA: 0.19

Triona AB Debt-to-Equity Historical Data

The historical data trend for Triona 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.

Triona AB Debt-to-Equity Chart

Triona AB Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.64

0.25

Triona AB Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial					0.30	0.25	0.22	0.22	0.19

Competitive Comparison of Triona AB's Debt-to-Equity

For the Information Technology Services subindustry, Triona 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.

Triona AB's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Triona AB's Debt-to-Equity distribution charts can be found below:

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

Triona AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Triona AB'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
	=	(4	+	12)	/	65.295
	=	0.25

Triona AB'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
	=	(4	+	9)	/	68.474
	=	0.19

Triona AB (NGM:TRIONA) 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.

Triona AB Debt-to-Equity Related Terms

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

Triona AB (NGM:TRIONA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Triona AB (NGM:TRIONA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Box 762, Borlange, SWE, S-781 27

Website

https://www.triona.se

Triona AB is a leading and reliable supplier of innovative IT solutions related to logistics and infrastructure-oriented businesses.

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