Nordrest Holding AB (OSTO:NREST) Debt-to-Equity : 0.67 (As of Sep. 2024)

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What is Nordrest Holding AB Debt-to-Equity?

Nordrest Holding AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr52 Mil. Nordrest Holding AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr21 Mil. Nordrest Holding AB's Total Stockholders Equity for the quarter that ended in Sep. 2024 was kr109 Mil. Nordrest Holding AB's debt to equity for the quarter that ended in Sep. 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 Nordrest Holding AB's Debt-to-Equity or its related term are showing as below:

OSTO:NREST' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.28 Med: 0.49 Max: 0.85
Current: 0.67

During the past 3 years, the highest Debt-to-Equity Ratio of Nordrest Holding AB was 0.85. The lowest was -2.28. And the median was 0.49.

OSTO:NREST's Debt-to-Equity is ranked better than
60.33% of 305 companies
in the Restaurants industry
Industry Median: 0.89 vs OSTO:NREST: 0.67

Nordrest Holding AB Debt-to-Equity Historical Data

The historical data trend for Nordrest Holding 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.

Nordrest Holding AB Debt-to-Equity Chart

Nordrest Holding AB Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.46

0.52

0.36

Nordrest Holding AB Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial				N/A	0.36	-2.28	0.85	0.67

Competitive Comparison of Nordrest Holding AB's Debt-to-Equity

For the Restaurants subindustry, Nordrest Holding 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.

Nordrest Holding AB's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Nordrest Holding AB's Debt-to-Equity distribution charts can be found below:

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

Nordrest Holding AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nordrest Holding 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
	=	(32.279	+	2.174)	/	96.576
	=	0.36

Nordrest Holding AB'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
	=	(51.723	+	20.72)	/	108.655
	=	0.67

Nordrest Holding AB (OSTO:NREST) 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.

Nordrest Holding AB Debt-to-Equity Related Terms

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Nordrest Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Nordrest Holding AB (OSTO:NREST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XZ5:Germany

Address

Evenemangsgatan 31, Solna, NOR, 16979

Website

https://www.nordrest.se

Nordrest Holding AB is a restaurant group with a focus on natural guest flows and contract-based meal solutions. Its offer includes meal solutions adapted to each customer's needs and ready-made brand concepts such as Taste by Nordrest, Togo by Nordrest, Pocket by Nordrest, La Girafe, Dinners and Way Cup. The company operates within the customer groups Defence, Companies, Schools, Colleges & Universities, Hospitals & Elderly Care and Travel.

Nordrest Holding AB Headlines

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