Elanders AB (OSTO:ELAN B) Debt-to-Equity : 3.28 (As of Mar. 2024)

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What is Elanders AB Debt-to-Equity?

Elanders AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr4,021 Mil. Elanders AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr9,028 Mil. Elanders AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr3,977 Mil. Elanders AB's debt to equity for the quarter that ended in Mar. 2024 was 3.28.

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

OSTO:ELAN B' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 2 Max: 3.28
Current: 3.28

During the past 13 years, the highest Debt-to-Equity Ratio of Elanders AB was 3.28. The lowest was 0.84. And the median was 2.00.

OSTO:ELAN B's Debt-to-Equity is ranked worse than
93.68% of 917 companies
in the Business Services industry
Industry Median: 0.38 vs OSTO:ELAN B: 3.28

Elanders AB Debt-to-Equity Historical Data

The historical data trend for Elanders 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.

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Elanders AB Debt-to-Equity Chart

Elanders AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.62

1.33

1.85

2.11

2.41

Elanders 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															2.81	2.84	2.70	2.41	3.28

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

For the Specialty Business Services subindustry, Elanders 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.

Elanders AB's Debt-to-Equity Distribution in the Business Services Industry

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

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

Elanders AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elanders 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
	=	(1621.5	+	7604.7)	/	3836.4
	=	2.40

Elanders 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
	=	(4021	+	9028)	/	3977
	=	3.28

Elanders AB (OSTO:ELAN B) 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.

Elanders AB Debt-to-Equity Related Terms

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

Elanders AB (OSTO:ELAN B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Elanders AB (OSTO:ELAN B) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0JBY:UK EA5B:Germany

Address

Flojelbergsgatan 1 C, Molndal, SWE, SE-431 35

Website

https://www.elanders.com

Elanders AB is engaged in offering services and total solutions in supply chain management. The company operates through two business areas, Supply Chain Solutions, and Print and Packaging Solutions. It generates maximum revenue from the Supply Chain Solutions segment. Geographically, it derives a majority of revenue from Germany. Its services include Global Order Management; Custom Configuration and Assembly; Warehousing and Inventory Management and others.

Elanders AB (OSTO:ELAN B) Headlines

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