Eco Wave Power Global AB (OSTO:ECOWVE) Debt-to-Equity : 0.16 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Eco Wave Power Global AB Debt-to-Equity?

Eco Wave Power Global AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr11.56 Mil. Eco Wave Power Global AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.77 Mil. Eco Wave Power Global AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr75.02 Mil. Eco Wave Power Global AB's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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 Eco Wave Power Global AB's Debt-to-Equity or its related term are showing as below:

OSTO:ECOWVE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 0.16
Current: 0.16

During the past 7 years, the highest Debt-to-Equity Ratio of Eco Wave Power Global AB was 0.16. The lowest was 0.02. And the median was 0.13.

OSTO:ECOWVE's Debt-to-Equity is ranked better than
84.36% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs OSTO:ECOWVE: 0.16

Eco Wave Power Global AB Debt-to-Equity Historical Data

The historical data trend for Eco Wave Power Global 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.

Eco Wave Power Global AB Debt-to-Equity Chart

Eco Wave Power Global AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.13

0.09

0.13

0.15

Eco Wave Power Global 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															0.14	0.15	0.15	0.15	0.16

Competitive Comparison of Eco Wave Power Global AB's Debt-to-Equity

For the Utilities - Renewable subindustry, Eco Wave Power Global 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.

Eco Wave Power Global AB's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Eco Wave Power Global AB's Debt-to-Equity falls into.

Eco Wave Power Global AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eco Wave Power Global 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
	=	(11.519	+	0.8)	/	81.548
	=	0.15

Eco Wave Power Global 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
	=	(11.557	+	0.77)	/	75.024
	=	0.16

Eco Wave Power Global AB (OSTO:ECOWVE) 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.

Eco Wave Power Global AB Debt-to-Equity Related Terms

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

Eco Wave Power Global AB (OSTO:ECOWVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Eco Wave Power Global AB (OSTO:ECOWVE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WAVE:USA 1KW0:Germany

Address

52 Derech Menachem Begin Street, Tel Aviv, ISR, 6713701

Website

https://www.ecowavepower.com

Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographical presence in Israel, USA and Mexico.

Eco Wave Power Global AB (OSTO:ECOWVE) Headlines

No Headlines