Elmera Group ASA (OSTO:FKRAFTO) Debt-to-Equity : 0.80 (As of Sep. 2024)

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What is Elmera Group ASA Debt-to-Equity?

Elmera Group ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr204 Mil. Elmera Group ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr828 Mil. Elmera Group ASA's Total Stockholders Equity for the quarter that ended in Sep. 2024 was kr1,289 Mil. Elmera Group ASA's debt to equity for the quarter that ended in Sep. 2024 was 0.80.

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 Elmera Group ASA's Debt-to-Equity or its related term are showing as below:

OSTO:FKRAFTo' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.54 Max: 1.31
Current: 0.8

During the past 9 years, the highest Debt-to-Equity Ratio of Elmera Group ASA was 1.31. The lowest was 0.16. And the median was 0.54.

OSTO:FKRAFTo's Debt-to-Equity is ranked better than
52.45% of 469 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs OSTO:FKRAFTo: 0.80

Elmera Group ASA Debt-to-Equity Historical Data

The historical data trend for Elmera Group ASA'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.

Elmera Group ASA Debt-to-Equity Chart

Elmera Group ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

0.53

0.54

1.29

0.69

Elmera Group ASA Quarterly Data
	Dec19	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															0.86	0.69	0.89	0.85	0.80

Competitive Comparison of Elmera Group ASA's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, Elmera Group ASA'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.

Elmera Group ASA's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Elmera Group ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Elmera Group ASA's Debt-to-Equity falls into.

Elmera Group ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elmera Group ASA'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
	=	(388.091	+	578.562)	/	1397.736
	=	0.69

Elmera Group ASA'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
	=	(203.56	+	827.63)	/	1289.224
	=	0.80

Elmera Group ASA (OSTO:FKRAFTo) 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.

Elmera Group ASA Debt-to-Equity Related Terms

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

Elmera Group ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Elmera Group ASA (OSTO:FKRAFTo) » Definitions » Debt-to-Equity

Comparable Companies

ENFN RSSS PDFS EGAN MKTW DHX RMNI MITK WFCF AVID NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED

Traded in Other Exchanges

ELMRA:Norway 1ZK:Germany

Address

Folke Bernadottes vei 38, Fyllingsdalen, 3, Bergen, NOR, 5147

Website

https://investor.elmeragroup.no

Elmera Group ASA formerly Fjordkraft Holding ASA is an electric power supply company that serves the private and public sectors along with the residences of Norway. It operates in segments namely Consumer, Business, Nordic and New Growth Initiatives (NGI), which consists of its mobile services business, the alliance segment and the Extended Alliance. The consumer segment comprises the sale of electrical power to private consumers which generates key revenue whilst the latter comprises of sale of electricity to businesses.

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