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Solar AS (OCSE:SOLAR B) Debt-to-Equity : 0.93 (As of Dec. 2024)


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What is Solar AS Debt-to-Equity?

Solar AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr982 Mil. Solar AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr709 Mil. Solar AS's Total Stockholders Equity for the quarter that ended in Dec. 2024 was kr1,828 Mil. Solar AS's debt to equity for the quarter that ended in Dec. 2024 was 0.93.

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

OCSE:SOLAR B' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23   Med: 0.34   Max: 0.93
Current: 0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Solar AS was 0.93. The lowest was 0.23. And the median was 0.34.

OCSE:SOLAR B's Debt-to-Equity is ranked worse than
84.08% of 2174 companies
in the Hardware industry
Industry Median: 0.28 vs OCSE:SOLAR B: 0.93

Solar AS Debt-to-Equity Historical Data

The historical data trend for Solar 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.

Solar AS Debt-to-Equity Chart

Solar AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.23 0.64 0.83 0.93

Solar AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 1.06 1.00 1.07 0.93

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

For the Electronics & Computer Distribution subindustry, Solar 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.


Solar AS's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solar AS's Debt-to-Equity distribution charts can be found below:

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


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Solar AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solar AS's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Solar AS's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

* 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.


Solar AS  (OCSE:SOLAR B) 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.


Solar AS Debt-to-Equity Related Terms

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


Solar AS Business Description

Traded in Other Exchanges
Address
Industrivej Vest 43, Vejen, DNK, 6600
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.

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