Astrocast (OSL:ASTRO) Debt-to-Equity : -4.24 (As of Jun. 2023)

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What is Astrocast Debt-to-Equity?

Astrocast's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was kr337.14 Mil. Astrocast's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was kr8.99 Mil. Astrocast's Total Stockholders Equity for the quarter that ended in Jun. 2023 was kr-81.56 Mil. Astrocast's debt to equity for the quarter that ended in Jun. 2023 was -4.24.

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

OSL:ASTRO' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.24 Med: 0.22 Max: 2.63
Current: -4.24

During the past 3 years, the highest Debt-to-Equity Ratio of Astrocast was 2.63. The lowest was -4.24. And the median was 0.22.

OSL:ASTRO's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.29 vs OSL:ASTRO: -4.24

Astrocast Debt-to-Equity Historical Data

The historical data trend for Astrocast'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.

Astrocast Debt-to-Equity Chart

Astrocast Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.58

0.05

2.63

Astrocast Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.05	0.22	2.63	-4.24

Competitive Comparison of Astrocast's Debt-to-Equity

For the Communication Equipment subindustry, Astrocast'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.

Astrocast's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Astrocast's Debt-to-Equity distribution charts can be found below:

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

Astrocast Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Astrocast'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
	=	(86.87	+	7.954)	/	36.101
	=	2.63

Astrocast'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
	=	(337.142	+	8.993)	/	-81.561
	=	-4.24

Astrocast (OSL:ASTRO) 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.

Astrocast Debt-to-Equity Related Terms

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

Astrocast (OSL:ASTRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Astrocast SA (OSL:ASTRO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chemin des Ramiers 20, Chavannes-pres-Renens, Vaud, CHE, 1022

Website

https://www.astrocast.com

Astrocast SA is an operator of the nanosatellite IoT network intended to provide unlimited coverage all over the planet, with no geographical limitations. The company tackles challenges in industries such as Agriculture and Livestock, Oil, Gas and Mining, Maritime, Environmental, Connected Vehicles, and IoT Devices, enabling companies to monitor, track, assess, and communicate with critical remote assets from anywhere in the world.

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