Digitalist Group Oyj (OHEL:DIGIGR) Debt-to-Equity : -1.09 (As of Dec. 2023)

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What is Digitalist Group Oyj Debt-to-Equity?

Digitalist Group Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €32.08 Mil. Digitalist Group Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.67 Mil. Digitalist Group Oyj's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-32.66 Mil. Digitalist Group Oyj's debt to equity for the quarter that ended in Dec. 2023 was -1.09.

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

OHEL:DIGIGR' s Debt-to-Equity Range Over the Past 10 Years
Min: -11.94 Med: -1.22 Max: 4.3
Current: -1.09

During the past 13 years, the highest Debt-to-Equity Ratio of Digitalist Group Oyj was 4.30. The lowest was -11.94. And the median was -1.22.

OHEL:DIGIGR's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.2 vs OHEL:DIGIGR: -1.09

Digitalist Group Oyj Debt-to-Equity Historical Data

The historical data trend for Digitalist 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.

Digitalist Group Oyj Debt-to-Equity Chart

Digitalist Group Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-3.23

-1.56

-1.30

-1.13

-1.09

Digitalist Group Oyj Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-1.30	-	-1.13	-	-1.09

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

For the Software - Application subindustry, Digitalist 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.

Digitalist Group Oyj's Debt-to-Equity Distribution in the Software Industry

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

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

Digitalist Group Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Digitalist 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
	=	(32.08	+	3.667)	/	-32.664
	=	-1.09

Digitalist 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
	=	(32.08	+	3.667)	/	-32.664
	=	-1.09

Digitalist Group Oyj (OHEL:DIGIGR) 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.

Digitalist Group Oyj Debt-to-Equity Related Terms

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Digitalist Group Oyj (OHEL:DIGIGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digitalist Group Oyj (OHEL:DIGIGR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Siltasaarenkatu 18–20 C, Helsinki, FIN, 00530

Website

https://digitalist.global

Digitalist Group Oyj is a creative technology company. The company seeks to design, formulate, and implement functional user experiences and sustainable software solutions based on the Internet, cloud, or mobile technologies. It designs comprehensive digital solutions for clients to enhance their competitiveness and productivity and provide them with added value and customer loyalty. The company is a group of researchers, designers, developers, engineers, and strategists in Finland, Sweden, and Canada. The European region generates the maximum revenue for the company.

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