Freja eID Group AB (OSTO:FREJA) Debt-to-Equity : 2.98 (As of Mar. 2024)

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What is Freja eID Group AB Debt-to-Equity?

Freja eID Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr16.66 Mil. Freja eID Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr9.37 Mil. Freja eID Group AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr8.73 Mil. Freja eID Group AB's debt to equity for the quarter that ended in Mar. 2024 was 2.98.

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

OSTO:FREJA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.36 Max: 3.74
Current: 2.98

During the past 12 years, the highest Debt-to-Equity Ratio of Freja eID Group AB was 3.74. The lowest was 0.12. And the median was 0.36.

OSTO:FREJA's Debt-to-Equity is ranked worse than
96.38% of 2211 companies
in the Software industry
Industry Median: 0.21 vs OSTO:FREJA: 2.98

Freja eID Group AB Debt-to-Equity Historical Data

The historical data trend for Freja eID Group 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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Freja eID Group AB Debt-to-Equity Chart

Freja eID Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.93

0.13

0.23

0.81

1.41

Freja eID Group 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															1.10	1.27	3.74	1.41	2.98

Competitive Comparison of Freja eID Group AB's Debt-to-Equity

For the Software - Infrastructure subindustry, Freja eID Group 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.

Freja eID Group AB's Debt-to-Equity Distribution in the Software Industry

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

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

Freja eID Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Freja eID Group 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
	=	(14.496	+	5.001)	/	13.797
	=	1.41

Freja eID Group 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
	=	(16.659	+	9.366)	/	8.725
	=	2.98

Freja eID Group AB (OSTO:FREJA) 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.

Freja eID Group AB Debt-to-Equity Related Terms

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Freja eID Group AB (OSTO:FREJA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Freja eID Group AB (OSTO:FREJA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vasagatan 40, Box 3328, Stockholm, SWE, 103 66

Website

https://www.frejaeid.com

Freja eID Group AB is a Swedish tech company. The company offers an ID platform that gives the user control over their digital identity and data. Through the platform, the user can interact with companies and authorities but also with private individuals. The functions include e-identification, electronic signatures, sign-up, check-out, physical identification, and e-service identification. Its business is based on the Swedish market and the platform is built for international scalability.

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