Deversify Health AB (OSTO:DEV) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Deversify Health AB Debt-to-Equity?

Deversify Health AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr0.00 Mil. Deversify Health AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr0.00 Mil. Deversify Health AB's Total Stockholders Equity for the quarter that ended in Jun. 2024 was kr-4.05 Mil. Deversify Health AB's debt to equity for the quarter that ended in Jun. 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 Deversify Health AB's Debt-to-Equity or its related term are showing as below:

During the past 5 years, the highest Debt-to-Equity Ratio of Deversify Health AB was 1.83. The lowest was 0.04. And the median was 0.07.

OSTO:DEV's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Deversify Health AB Debt-to-Equity Historical Data

The historical data trend for Deversify Health 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.

Deversify Health AB Debt-to-Equity Chart

Deversify Health AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.83

0.04

0.08

Deversify Health AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial										0.07	0.09	-	-	-

Competitive Comparison of Deversify Health AB's Debt-to-Equity

For the Information Technology Services subindustry, Deversify Health 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.

Deversify Health AB's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Deversify Health AB's Debt-to-Equity distribution charts can be found below:

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

Deversify Health AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Deversify Health 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
	=	(0	+	0)	/	0.278
	=	0.00

Deversify Health AB's Debt to Equity Ratio for the quarter that ended in Jun. 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)	/	-4.045
	=	0.00

Deversify Health AB (OSTO:DEV) 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.

Deversify Health AB Debt-to-Equity Related Terms

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Deversify Health AB Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

9BX:Germany

Address

Brahegatan 29, Stockholm, SWE, 114 37

Website

https://www.euroafricadigitalventures.com

Euroafrica Digital Ventures AB is a tech hub for digital services and platforms. The company owns and operates services and platforms for both Business to Business and Business to Consumer in fastest growing markets. The company's business concept is to identify functioning digital business models in a mature market such as Sweden and establish it in fast and less developed growth markets such as East Africa.