Orthex (OHEL:ORTHEX) Debt-to-Equity : 0.83 (As of Sep. 2024)

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What is Orthex Debt-to-Equity?

Orthex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €4.36 Mil. Orthex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €24.10 Mil. Orthex's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €34.45 Mil. Orthex's debt to equity for the quarter that ended in Sep. 2024 was 0.83.

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

OHEL:ORTHEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.83 Med: 1.12 Max: 3.81
Current: 0.83

During the past 6 years, the highest Debt-to-Equity Ratio of Orthex was 3.81. The lowest was 0.83. And the median was 1.12.

OHEL:ORTHEX's Debt-to-Equity is ranked worse than
79.21% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.36 vs OHEL:ORTHEX: 0.83

Orthex Debt-to-Equity Historical Data

The historical data trend for Orthex'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.

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Orthex Debt-to-Equity Chart

Orthex Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.93

2.32

1.12

0.88

Orthex Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.98	0.88	0.86	0.87	0.83

Competitive Comparison of Orthex's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Orthex'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.

Orthex's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Orthex's Debt-to-Equity distribution charts can be found below:

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

Orthex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Orthex'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
	=	(4.252	+	26.02)	/	34.436
	=	0.88

Orthex's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(4.355	+	24.098)	/	34.449
	=	0.83

Orthex (OHEL:ORTHEX) 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.

Orthex Debt-to-Equity Related Terms

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

Orthex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Orthex Corp (OHEL:ORTHEX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Suomalaistentie 7, Espoo, FIN, FI-02270

Website

https://www.orthexgroup.com

Orthex Corp is a Nordic houseware company. It offers a broad assortment of household goods in four product categories: Storage, Kitchen, Home & Yard, and Plant Care. Orthex designs produces, and sells household products with a mission to make consumer's everyday lives easier. The company markets and sells its products under three main consumer brands: SmartStore, GastroMax, and Orthex. The company sells externally produced kitchen products under the Kokskungen brand. Orthex's geographic market is Europe.

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