ELLWEE AB (OSTO:ELLWEE) Debt-to-Equity : 2.80 (As of Sep. 2024)

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What is ELLWEE AB Debt-to-Equity?

ELLWEE AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr23.5 Mil. ELLWEE AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr14.2 Mil. ELLWEE AB's Total Stockholders Equity for the quarter that ended in Sep. 2024 was kr13.4 Mil. ELLWEE AB's debt to equity for the quarter that ended in Sep. 2024 was 2.80.

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

OSTO:ELLWEE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.98 Max: 3.06
Current: 2.8

During the past 5 years, the highest Debt-to-Equity Ratio of ELLWEE AB was 3.06. The lowest was 0.02. And the median was 0.98.

OSTO:ELLWEE's Debt-to-Equity is ranked worse than
95.03% of 1188 companies
in the Vehicles & Parts industry
Industry Median: 0.475 vs OSTO:ELLWEE: 2.80

ELLWEE AB Debt-to-Equity Historical Data

The historical data trend for ELLWEE 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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ELLWEE AB Debt-to-Equity Chart

ELLWEE AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.02

0.52

0.95

2.22

ELLWEE AB Quarterly Data
	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.27	2.22	3.06	2.28	2.80

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

For the Auto Manufacturers subindustry, ELLWEE 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.

ELLWEE AB's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ELLWEE AB's Debt-to-Equity distribution charts can be found below:

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

ELLWEE AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ELLWEE 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
	=	(29.568	+	11.42)	/	18.436
	=	2.22

ELLWEE AB's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(23.463	+	14.192)	/	13.437
	=	2.80

ELLWEE AB (OSTO:ELLWEE) 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.

ELLWEE AB Debt-to-Equity Related Terms

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ELLWEE AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ELLWEE AB (OSTO:ELLWEE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kardanvagen 38, Trollhattan, SWE, 461 38

Website

https://www.ellwee.com

ELLWEE AB is a automobile company. It focuses on manufacturing of light-weight electric vehicles. The company offers electric vehicles, auto parts and accessories.

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