Ecit AS (OSL:ECIT) Debt-to-Equity : 0.66 (As of Mar. 2024)

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What is Ecit AS Debt-to-Equity?

Ecit AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr109 Mil. Ecit AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr785 Mil. Ecit AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr1,358 Mil. Ecit AS's debt to equity for the quarter that ended in Mar. 2024 was 0.66.

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

OSL:ECIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.41 Max: 0.66
Current: 0.66

During the past 6 years, the highest Debt-to-Equity Ratio of Ecit AS was 0.66. The lowest was 0.04. And the median was 0.41.

OSL:ECIT's Debt-to-Equity is ranked worse than
76.3% of 2224 companies
in the Software industry
Industry Median: 0.21 vs OSL:ECIT: 0.66

Ecit AS Debt-to-Equity Historical Data

The historical data trend for Ecit AS'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.

Ecit AS Debt-to-Equity Chart

Ecit AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

0.41

0.37

0.46

0.65

Ecit AS Quarterly Data
	Dec18	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														0.42	0.53	0.54	0.65	0.66

Competitive Comparison of Ecit AS's Debt-to-Equity

For the Information Technology Services subindustry, Ecit AS'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.

Ecit AS's Debt-to-Equity Distribution in the Software Industry

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

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

Ecit AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ecit AS'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
	=	(137	+	765)	/	1382
	=	0.65

Ecit AS'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
	=	(109	+	785)	/	1358
	=	0.66

Ecit AS (OSL:ECIT) 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.

Ecit AS Debt-to-Equity Related Terms

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

Ecit AS (OSL:ECIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ecit AS (OSL:ECIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

3CZ:Germany

Address

Rolfsbuktveien 4A, Fornebu, NOR, 1364

Website

https://www.ecit.com

Ecit AS provides services within key business areas of IT, Finance & Accounting and Tech across sectors and industries. The company has a model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. The group's business operations are carried out by three divisions: IT, Finance & Accounting, and Tech. The Finance & Accounting division improves customers' efficiency through delivering administrative services in a productive way along with being a key revenue driver for the company.

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