Norditek Group AB (OSTO:NOTEK) Debt-to-Equity : 0.67 (As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Norditek Group AB Debt-to-Equity?

Norditek Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was kr20.05 Mil. Norditek Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was kr25.85 Mil. Norditek Group AB's Total Stockholders Equity for the quarter that ended in Feb. 2024 was kr68.97 Mil. Norditek Group AB's debt to equity for the quarter that ended in Feb. 2024 was 0.67.

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

OSTO:NOTEK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.57 Max: 1.14
Current: 0.67

During the past 3 years, the highest Debt-to-Equity Ratio of Norditek Group AB was 1.14. The lowest was 0.45. And the median was 0.57.

OSTO:NOTEK's Debt-to-Equity is ranked better than
51.82% of 220 companies
in the Waste Management industry
Industry Median: 0.74 vs OSTO:NOTEK: 0.67

Norditek Group AB Debt-to-Equity Historical Data

The historical data trend for Norditek 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.

* Premium members only.

Norditek Group AB Debt-to-Equity Chart

Norditek Group AB Annual Data

Trend

Aug21

Aug22

Aug23

Debt-to-Equity

1.14

0.56

0.65

Norditek Group AB Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial						0.46	0.45	0.65	0.60	0.67

Competitive Comparison of Norditek Group AB's Debt-to-Equity

For the Waste Management subindustry, Norditek 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.

Norditek Group AB's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Norditek Group AB's Debt-to-Equity distribution charts can be found below:

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

Norditek Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Norditek Group AB's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(16.593	+	29.848)	/	71.187
	=	0.65

Norditek Group AB's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(20.053	+	25.853)	/	68.974
	=	0.67

Norditek Group AB (OSTO:NOTEK) 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.

Norditek Group AB Debt-to-Equity Related Terms

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

Norditek Group AB (OSTO:NOTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Norditek Group AB (OSTO:NOTEK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

O5D:Germany

Address

Stora Avagen 21, Askim, SWE, 436 34

Website

https://www.norditek.se

Norditek Group AB is an environmental technology company with a focus on mobile and flexiblerecycling facilities in the Waste, Gravel & Rock and Biomass segments.

Norditek Group AB (OSTO:NOTEK) Headlines

No Headlines