Sotkamo Silver AB (OHEL:SOSI1) Debt-to-Equity : 0.89 (As of Mar. 2024)

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What is Sotkamo Silver AB Debt-to-Equity?

Sotkamo Silver AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1.65 Mil. Sotkamo Silver AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €21.46 Mil. Sotkamo Silver AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €26.02 Mil. Sotkamo Silver AB's debt to equity for the quarter that ended in Mar. 2024 was 0.89.

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 Sotkamo Silver AB's Debt-to-Equity or its related term are showing as below:

OHEL:SOSI1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.7 Max: 1.92
Current: 0.89

During the past 13 years, the highest Debt-to-Equity Ratio of Sotkamo Silver AB was 1.92. The lowest was 0.01. And the median was 0.70.

OHEL:SOSI1's Debt-to-Equity is ranked worse than
85.26% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs OHEL:SOSI1: 0.89

Sotkamo Silver AB Debt-to-Equity Historical Data

The historical data trend for Sotkamo Silver AB'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.

Sotkamo Silver AB Debt-to-Equity Chart

Sotkamo Silver AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.55

1.13

1.15

0.94

Sotkamo Silver AB 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															1.12	1.02	0.99	0.94	0.89

Competitive Comparison of Sotkamo Silver AB's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Sotkamo Silver AB'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.

Sotkamo Silver AB's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sotkamo Silver AB's Debt-to-Equity distribution charts can be found below:

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

Sotkamo Silver AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sotkamo Silver AB'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
	=	(4.121	+	20.695)	/	26.488
	=	0.94

Sotkamo Silver AB'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
	=	(1.652	+	21.455)	/	26.015
	=	0.89

Sotkamo Silver AB (OHEL:SOSI1) 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.

Sotkamo Silver AB Debt-to-Equity Related Terms

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Sotkamo Silver AB (OHEL:SOSI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sotkamo Silver AB (OHEL:SOSI1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SOSI:Sweden VSO:Germany

Address

Hollandargatan 5B, Stockholm, SWE, 111 48

Website

http://www.silver.fi

Sotkamo Silver AB is a Sweden-based exploration and development company. It is engaged in the exploration and development of silver, gold and zinc deposits in the Nordic region. The company primarily holds an interest in Taivaljarvi silver mine project. In addition, there are two gold deposits, Harnas which is a former small-scale gold mining site in Sweden, and Hopevuori gold occurrence in Finland.

Sotkamo Silver AB (OHEL:SOSI1) Headlines

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