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Sogn Sparebank (OSL:SOGN) Debt-to-Equity : 5.91 (As of Dec. 2023)


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What is Sogn Sparebank Debt-to-Equity?

Sogn Sparebank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr0.0 Mil. Sogn Sparebank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr6,464.9 Mil. Sogn Sparebank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr1,093.3 Mil. Sogn Sparebank's debt to equity for the quarter that ended in Dec. 2023 was 5.91.

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

OSL:SOGN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46   Med: 1.62   Max: 6.2
Current: 5.91

During the past 13 years, the highest Debt-to-Equity Ratio of Sogn Sparebank was 6.20. The lowest was 0.46. And the median was 1.62.

OSL:SOGN's Debt-to-Equity is ranked worse than
97.2% of 1392 companies
in the Banks industry
Industry Median: 0.67 vs OSL:SOGN: 5.91

Sogn Sparebank Debt-to-Equity Historical Data

The historical data trend for Sogn Sparebank'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.

Sogn Sparebank Debt-to-Equity Chart

Sogn Sparebank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.55 6.20 5.59 5.91

Sogn Sparebank Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.59 0.51 0.51 0.77 5.91

Competitive Comparison of Sogn Sparebank's Debt-to-Equity

For the Banks - Regional subindustry, Sogn Sparebank'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.


Sogn Sparebank's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sogn Sparebank's Debt-to-Equity distribution charts can be found below:

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



Sogn Sparebank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sogn Sparebank's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sogn Sparebank's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Sogn Sparebank  (OSL:SOGN) 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.


Sogn Sparebank Debt-to-Equity Related Terms

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


Sogn Sparebank (OSL:SOGN) Business Description

Traded in Other Exchanges
N/A
Address
State Council Evensensveg 8, Årdalstangen, NOR, 6885
Sogn Sparebank operates as a local bank. It offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

Sogn Sparebank (OSL:SOGN) Headlines

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