Aallon Group Oyj (OHEL:AALLON) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Aallon Group Oyj Debt-to-Equity?

Aallon Group Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.70 Mil. Aallon Group Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.56 Mil. Aallon Group Oyj's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €14.52 Mil. Aallon Group Oyj's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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

OHEL:AALLON' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.6 Max: 0.67
Current: 0.36

During the past 7 years, the highest Debt-to-Equity Ratio of Aallon Group Oyj was 0.67. The lowest was 0.36. And the median was 0.60.

OHEL:AALLON's Debt-to-Equity is ranked better than
52.64% of 927 companies
in the Business Services industry
Industry Median: 0.38 vs OHEL:AALLON: 0.36

Aallon Group Oyj Debt-to-Equity Historical Data

The historical data trend for Aallon Group 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.

Aallon Group Oyj Debt-to-Equity Chart

Aallon Group Oyj Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.67

0.60

0.36

Aallon Group Oyj Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.67	0.16	0.60	0.59	0.36

Competitive Comparison of Aallon Group Oyj's Debt-to-Equity

For the Specialty Business Services subindustry, Aallon Group 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.

Aallon Group Oyj's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aallon Group Oyj's Debt-to-Equity distribution charts can be found below:

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

Aallon Group Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aallon Group 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
	=	(1.701	+	3.555)	/	14.518
	=	0.36

Aallon Group Oyj's Debt to Equity Ratio for the quarter 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
	=	(1.701	+	3.555)	/	14.518
	=	0.36

Aallon Group Oyj (OHEL:AALLON) 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.

Aallon Group Oyj Debt-to-Equity Related Terms

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

Aallon Group Oyj (OHEL:AALLON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aallon Group Oyj (OHEL:AALLON) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

I74:Germany

Address

Esterinportti 2, Helsinki, FIN, 00240

Website

https://www.aallongroup.fi

Aallon Group Oyj offer comprehensive accounting services in Finland. It offers daily financial services, advisory services, financial management services and others.

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