Afry AB (OSTO:AFRY) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Afry AB Debt-to-Equity?

Afry AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil. Afry AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil. Afry AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr13,025 Mil. Afry AB's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

OSTO:AFRY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.64 Max: 0.83
Current: 0.6

During the past 13 years, the highest Debt-to-Equity Ratio of Afry AB was 0.83. The lowest was 0.24. And the median was 0.64.

OSTO:AFRY's Debt-to-Equity is ranked worse than
59.91% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs OSTO:AFRY: 0.60

Afry AB Debt-to-Equity Historical Data

The historical data trend for Afry 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.

Afry AB Debt-to-Equity Chart

Afry AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.83

0.68

0.70

0.64

0.63

Afry 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															-	-	-	0.63	-

Competitive Comparison of Afry AB's Debt-to-Equity

For the Engineering & Construction subindustry, Afry 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.

Afry AB's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Afry AB's Debt-to-Equity distribution charts can be found below:

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

Afry AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Afry 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
	=	(1799	+	6059)	/	12454
	=	0.63

Afry 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
	=	(0	+	0)	/	13025
	=	0.00

Afry AB (OSTO:AFRY) 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.

Afry AB Debt-to-Equity Related Terms

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

Afry AB (OSTO:AFRY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Afry AB (OSTO:AFRY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0QUU:UK B3Y1:Germany

Address

Frosundaleden 2, Solna, Stockholm, SWE, SE-169 99

Website

https://www.afry.com

Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. It develops solutions for public and private clients and has the capabilities to serve all regions of the world. The business divisions are Industrial & Digital Solutions, infrastructure, Process Industries, Energy, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals. Infrastructure projects provide sustainable and technological solutions for railways, roads, and other transportation networks. Sales are concentrated in Europe, and the company strengthens customer relationships by providing customized services.

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