ZignSec AB (OSTO:ZIGN) Debt-to-Equity : 0.10 (As of Mar. 2024)

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What is ZignSec AB Debt-to-Equity?

ZignSec AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr6.70 Mil. ZignSec AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr7.00 Mil. ZignSec AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr137.00 Mil. ZignSec AB's debt to equity for the quarter that ended in Mar. 2024 was 0.10.

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

OSTO:ZIGN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.11
Current: 0.1

During the past 8 years, the highest Debt-to-Equity Ratio of ZignSec AB was 0.11. The lowest was 0.01. And the median was 0.10.

OSTO:ZIGN's Debt-to-Equity is ranked better than
64.74% of 2201 companies
in the Software industry
Industry Median: 0.2 vs OSTO:ZIGN: 0.10

ZignSec AB Debt-to-Equity Historical Data

The historical data trend for ZignSec 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.

ZignSec AB Debt-to-Equity Chart

ZignSec AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.10

ZignSec 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															0.11	0.11	0.11	0.10	0.10

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

For the Software - Infrastructure subindustry, ZignSec 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.

ZignSec AB's Debt-to-Equity Distribution in the Software Industry

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

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

ZignSec AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZignSec 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
	=	(6.667	+	8.689)	/	149.622
	=	0.10

ZignSec 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
	=	(6.7	+	7)	/	137
	=	0.10

ZignSec AB (OSTO:ZIGN) 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.

ZignSec AB Debt-to-Equity Related Terms

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ZignSec AB (OSTO:ZIGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ZignSec AB (OSTO:ZIGN) » Definitions » Debt-to-Equity

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Z6C:Germany

Address

Gävlegatan 12 B, Stockholm, SWE, 113 30

Website

https://www.zignsec.com

ZignSec AB is a technology group in the fast-growing RegTech industry. The company provides SaaS platform with digital real-time solutions for customer due diligence and ID verification. The solutions are used by companies that in turn can optimize their processes for onboarding both corporate customers and consumers. The company solutions ensure compliance with ever-changing local and regulatory requirements for KYC and AML (Anti Money Laundering).

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