Netum Group Oyj (OHEL:NETUM) Debt-to-Equity : 0.74 (As of Dec. 2023)

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What is Netum Group Oyj Debt-to-Equity?

Netum Group Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.52 Mil. Netum Group Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.90 Mil. Netum Group Oyj's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €12.80 Mil. Netum Group Oyj's debt to equity for the quarter that ended in Dec. 2023 was 0.74.

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

OHEL:NETUM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.77 Max: 1.96
Current: 0.74

During the past 6 years, the highest Debt-to-Equity Ratio of Netum Group Oyj was 1.96. The lowest was 0.21. And the median was 0.77.

OHEL:NETUM's Debt-to-Equity is ranked worse than
80.5% of 2200 companies
in the Software industry
Industry Median: 0.2 vs OHEL:NETUM: 0.74

Netum Group Oyj Debt-to-Equity Historical Data

The historical data trend for Netum 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.

Netum Group Oyj Debt-to-Equity Chart

Netum Group Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.70

0.81

0.26

0.21

0.74

Netum Group Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.26	0.25	0.21	0.27	0.74

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

For the Information Technology Services subindustry, Netum 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.

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

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

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

Netum Group Oyj Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Netum 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
	=	(1.521	+	7.9)	/	12.796
	=	0.74

Netum 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
	=	(1.521	+	7.9)	/	12.796
	=	0.74

Netum Group Oyj (OHEL:NETUM) 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.

Netum Group Oyj Debt-to-Equity Related Terms

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Netum Group Oyj (OHEL:NETUM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yliopistonkatu 58 B, Tampere, FIN, 33100

Website

https://www.netum.fi

Netum Group Oyj is a fast-growing information technology service house. The company serves public administration and corporate customers with the legacy to digi concept, which combines existing traditional information technology solutions with the latest digital applications. Netum's services include digital services development, system continuity services, data and analysis services, integration services, cyber security services and management consulting services. Geographically, the majority is from Finland.

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