Jetpak Top Holding AB (publ) (OSTO:JETPAK) Debt-to-Equity : 0.23 (As of Mar. 2024)

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What is Jetpak Top Holding AB (publ) Debt-to-Equity?

Jetpak Top Holding AB (publ)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr24 Mil. Jetpak Top Holding AB (publ)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr178 Mil. Jetpak Top Holding AB (publ)'s Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr883 Mil. Jetpak Top Holding AB (publ)'s debt to equity for the quarter that ended in Mar. 2024 was 0.23.

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 Jetpak Top Holding AB (publ)'s Debt-to-Equity or its related term are showing as below:

OSTO:JETPAK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.25 Max: 1.42
Current: 0.23

During the past 9 years, the highest Debt-to-Equity Ratio of Jetpak Top Holding AB (publ) was 1.42. The lowest was 0.10. And the median was 0.25.

OSTO:JETPAK's Debt-to-Equity is ranked better than
74.55% of 884 companies
in the Transportation industry
Industry Median: 0.55 vs OSTO:JETPAK: 0.23

Jetpak Top Holding AB (publ) Debt-to-Equity Historical Data

The historical data trend for Jetpak Top Holding AB (publ)'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.

Jetpak Top Holding AB (publ) Debt-to-Equity Chart

Jetpak Top Holding AB (publ) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.41

0.36

0.25

0.24

Jetpak Top Holding AB (publ) 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															0.25	0.25	0.24	0.24	0.23

Competitive Comparison of Jetpak Top Holding AB (publ)'s Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Jetpak Top Holding AB (publ)'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.

Jetpak Top Holding AB (publ)'s Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jetpak Top Holding AB (publ)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jetpak Top Holding AB (publ)'s Debt-to-Equity falls into.

Jetpak Top Holding AB (publ) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jetpak Top Holding AB (publ)'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
	=	(22.938	+	180.759)	/	860.056
	=	0.24

Jetpak Top Holding AB (publ)'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
	=	(23.637	+	178.437)	/	882.579
	=	0.23

Jetpak Top Holding AB (publ) (OSTO:JETPAK) 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.

Jetpak Top Holding AB (publ) Debt-to-Equity Related Terms

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Jetpak Top Holding AB (publ) (OSTO:JETPAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jetpak Top Holding AB (publ) (OSTO:JETPAK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tornvägen 17 A, Stockholm, SWE, 19060

Website

https://www.jetpak.com

Jetpak Top Holding AB (publ) is a provider of express logistics services. The company is engaged in time-critical logistics. Its operations are divided into Express Air and Express Road segment. The Express segment consists of the air-based courier/logistics services. The Express Road segment consists of the fully ground-based courier/logistics services;. Services offered by the company include courier express, jetpack direct, jetpack nextday, courier logistics, customer specific and linehaul. It provides express logistics services mainly in the Nordic region (Sweden, Norway, Denmark and Finland) it is also present in the Baltics, Benelux, UK and Poland.

Jetpak Top Holding AB (publ) (OSTO:JETPAK) Headlines

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