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Nordic Lights Group (OHEL:NORDLIG) Debt-to-Equity : 0.00 (As of Jun. 2023)


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What is Nordic Lights Group Debt-to-Equity?

Nordic Lights Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.00 Mil. Nordic Lights Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.00 Mil. Nordic Lights Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €36.19 Mil. Nordic Lights Group's debt to equity for the quarter that ended in Jun. 2023 was 0.00.

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

OHEL:NORDLIG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59   Med: 1.64   Max: 2.41
Current: 0.61

During the past 4 years, the highest Debt-to-Equity Ratio of Nordic Lights Group was 2.41. The lowest was 0.59. And the median was 1.64.

OHEL:NORDLIG's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.28 vs OHEL:NORDLIG: 0.61

Nordic Lights Group Debt-to-Equity Historical Data

The historical data trend for Nordic Lights Group'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.

Nordic Lights Group Debt-to-Equity Chart

Nordic Lights Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
2.35 2.41 1.64 0.59

Nordic Lights Group Quarterly Data
Dec19 Dec20 Mar21 Dec21 Mar22 Jun22 Dec22 Jun23
Debt-to-Equity Get a 7-Day Free Trial 1.64 1.51 N/A 0.59 -

Competitive Comparison of Nordic Lights Group's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Nordic Lights Group'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.

Nordic Lights Group's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nordic Lights Group's Debt-to-Equity distribution charts can be found below:

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


Nordic Lights Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nordic Lights Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
=(2.038 + 20.094) / 37.427
=0.59

Nordic Lights Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(0 + 0) / 36.192
=0.00

* 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.

Nordic Lights Group  (OHEL:NORDLIG) 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.

Nordic Lights Group Debt-to-Equity Related Terms

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Nordic Lights Group (OHEL:NORDLIG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordic Lights Group Corp (OHEL:NORDLIG) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
Bennasvagen/Pannaistentie 155, PO Box 36, Jakobstad, FIN, 68601
Website
https://www.nordiclights.com
Nordic Lights Group Corp is a premium provider of lighting solutions for heavy-duty equipment. Nordic Lights focus on providing solutions to five main end-user segments: mining, construction, forestry, agriculture, and material handling. The company derives a majority of its revenue from Europe, the Middle East, and Africa (EMEA).

Nordic Lights Group (OHEL:NORDLIG) Headlines

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