Finnair Oyj (OHEL:FIA) Debt-to-Equity : 3.45 (As of Mar. 2024)

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What is Finnair Oyj Debt-to-Equity?

Finnair Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €333 Mil. Finnair Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,679 Mil. Finnair Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €584 Mil. Finnair Oyj's debt to equity for the quarter that ended in Mar. 2024 was 3.45.

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

OHEL:FIA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 1.86 Max: 9.5
Current: 3.45

During the past 13 years, the highest Debt-to-Equity Ratio of Finnair Oyj was 9.50. The lowest was 0.48. And the median was 1.86.

OHEL:FIA's Debt-to-Equity is ranked worse than
93.54% of 883 companies
in the Transportation industry
Industry Median: 0.57 vs OHEL:FIA: 3.45

Finnair Oyj Debt-to-Equity Historical Data

The historical data trend for Finnair 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.

Finnair Oyj Debt-to-Equity Chart

Finnair Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.63

2.43

5.91

6.40

3.51

Finnair Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															6.29	4.31	5.15	3.51	3.45

Competitive Comparison of Finnair Oyj's Debt-to-Equity

For the Airlines subindustry, Finnair 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.

Finnair Oyj's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Finnair Oyj's Debt-to-Equity distribution charts can be found below:

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

Finnair Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Finnair 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
	=	(284.4	+	1741.3)	/	577
	=	3.51

Finnair Oyj's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(333.1	+	1679.2)	/	583.9
	=	3.45

Finnair Oyj (OHEL:FIA) 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.

Finnair Oyj Debt-to-Equity Related Terms

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

Finnair Oyj (OHEL:FIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Finnair Oyj (OHEL:FIA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FNNNF:USA 0EG8:UK FAI:Germany

Address

Tietotie 9 A Helsinki Airport, Vantaa, FIN, 01053

Website

https://company.finnair.com/en

Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. It is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, also its support services include catering services, Aircraft maintenance, ground handling, and Airline training.

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