Cortus Energy AB (OSTO:CE) Debt-to-Equity : -12.09 (As of Dec. 2024)

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What is Cortus Energy AB Debt-to-Equity?

Cortus Energy AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr4.58 Mil. Cortus Energy AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr39.66 Mil. Cortus Energy AB's Total Stockholders Equity for the quarter that ended in Dec. 2024 was kr-3.66 Mil. Cortus Energy AB's debt to equity for the quarter that ended in Dec. 2024 was -12.09.

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

OSTO:CE' s Debt-to-Equity Range Over the Past 10 Years
Min: -12.09 Med: 0.31 Max: 8.43
Current: -12.09

During the past 13 years, the highest Debt-to-Equity Ratio of Cortus Energy AB was 8.43. The lowest was -12.09. And the median was 0.31.

OSTO:CE's Debt-to-Equity is not ranked
in the Utilities - Independent Power Producers industry.
Industry Median: 0.86 vs OSTO:CE: -12.09

Cortus Energy AB Debt-to-Equity Historical Data

The historical data trend for Cortus Energy 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.

Cortus Energy AB Debt-to-Equity Chart

Cortus Energy AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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8.43

0.17

0.79

-3.33

-12.09

Cortus Energy AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															-3.33	-2.01	8.68	-4.02	-12.09

Competitive Comparison of Cortus Energy AB's Debt-to-Equity

For the Utilities - Renewable subindustry, Cortus Energy 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.

Cortus Energy AB's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Cortus Energy AB's Debt-to-Equity distribution charts can be found below:

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

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Cortus Energy AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cortus Energy AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(4.577	+	39.663)	/	-3.658
	=	-12.09

Cortus Energy AB's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(4.577	+	39.663)	/	-3.658
	=	-12.09

Cortus Energy AB (OSTO:CE) 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.

Cortus Energy AB Debt-to-Equity Related Terms

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