Nekkar ASA (OSL:NKR) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Nekkar ASA Debt-to-Equity?

Nekkar ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr4.3 Mil. Nekkar ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr9.1 Mil. Nekkar ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr404.4 Mil. Nekkar ASA's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

OSL:NKR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.33 Max: 1
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Nekkar ASA was 1.00. The lowest was 0.00. And the median was 0.33.

OSL:NKR's Debt-to-Equity is ranked better than
89.84% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs OSL:NKR: 0.03

Nekkar ASA Debt-to-Equity Historical Data

The historical data trend for Nekkar ASA'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.

Nekkar ASA Debt-to-Equity Chart

Nekkar ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.03

0.02

0.01

0.03

Nekkar ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.01	0.04	0.03

Competitive Comparison of Nekkar ASA's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Nekkar ASA'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.

Nekkar ASA's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Nekkar ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nekkar ASA'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
	=	(4.276	+	9.087)	/	404.398
	=	0.03

Nekkar ASA's Debt to Equity Ratio for the quarter 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
	=	(4.276	+	9.087)	/	404.398
	=	0.03

Nekkar ASA (OSL:NKR) 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.

Nekkar ASA Debt-to-Equity Related Terms

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Nekkar ASA (OSL:NKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nekkar ASA (OSL:NKR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TTSO:Sweden 0TT:Germany

Address

Andoyfaret 15, Kristiansand, NOR, 4623

Website

https://www.nekkar.com

Nekkar ASA is a company based on an industrial philosophy utilizing smart design, digitalization, and electrification to achieve higher efficiency and more sustainable solutions for multiple industries. Its main activities are related to Shipyard Solutions, Digital Solutions, and others. The company generates maximum revenue from the Shipyard Solutions segment. Geographically, it derives a majority of revenue from South Asia and also has a presence in Europe; South East Asia; North East Asia; West Asia; America; Africa, and Australia.