GARO AB (OSTO:GARO) Debt-to-Equity : 0.54 (As of Dec. 2024)

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What is GARO AB Debt-to-Equity?

GARO AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr183 Mil. GARO AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr115 Mil. GARO AB's Total Stockholders Equity for the quarter that ended in Dec. 2024 was kr556 Mil. GARO AB's debt to equity for the quarter that ended in Dec. 2024 was 0.54.

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

OSTO:GARO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.22 Max: 0.54
Current: 0.54

During the past 12 years, the highest Debt-to-Equity Ratio of GARO AB was 0.54. The lowest was 0.13. And the median was 0.22.

OSTO:GARO's Debt-to-Equity is ranked worse than
69.25% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs OSTO:GARO: 0.54

GARO AB Debt-to-Equity Historical Data

The historical data trend for GARO 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.

GARO AB Debt-to-Equity Chart

GARO AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.19

0.13

0.28

0.45

0.54

GARO AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.45	0.48	0.53	0.60	0.54

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

For the Electrical Equipment & Parts subindustry, GARO 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.

GARO AB's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, GARO AB's Debt-to-Equity distribution charts can be found below:

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

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GARO AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GARO AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(183.2	+	114.9)	/	555.5
	=	0.54

GARO AB's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(183.2	+	114.9)	/	555.5
	=	0.54

GARO AB (OSTO:GARO) 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.

GARO AB Debt-to-Equity Related Terms

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

GARO AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GARO AB (OSTO:GARO) » Definitions » Debt-to-Equity

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0REY:UK

Address

Sodergatan 26, Box 203, Gnosjo, SWE, SE-335 33

Website

https://www.garo.se

GARO AB develops, manufactures, and supplies products and systems for the electrical installations industry under its own brand. The company has operations in Sweden, Norway, Ireland, Finland, UK. and other countries. It is organized into two business segments: GARO Electrification and GARO E-mobility. GARO has a broad product assortment and is a market leader within several product areas. The majority of its revenue comes from the GARO Electrification segment. The operations in the GARO Electrification segment (BA) comprise the Electrical distribution products, Project business, and Temporary Power product areas. The GARO E-mobility segment (BA) includes only the E-mobility product area. In addition to trading operations, it also includes in-house production at two facilities.

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