Litgrid AB (OVSE:LGD1L) Debt-to-Equity : 0.15 (As of Mar. 2024)

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What is Litgrid AB Debt-to-Equity?

Litgrid AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €6.7 Mil. Litgrid AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €33.1 Mil. Litgrid AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €260.2 Mil. Litgrid AB's debt to equity for the quarter that ended in Mar. 2024 was 0.15.

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

OVSE:LGD1L' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.51 Max: 0.91
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Litgrid AB was 0.91. The lowest was 0.15. And the median was 0.51.

OVSE:LGD1L's Debt-to-Equity is ranked better than
86.04% of 480 companies
in the Utilities - Regulated industry
Industry Median: 0.875 vs OVSE:LGD1L: 0.15

Litgrid AB Debt-to-Equity Historical Data

The historical data trend for Litgrid 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.

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Litgrid AB Debt-to-Equity Chart

Litgrid AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.39

0.32

0.28

0.17

Litgrid 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															0.26	0.23	0.21	0.17	0.15

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

For the Utilities - Regulated Electric subindustry, Litgrid 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.

Litgrid AB's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Litgrid AB's Debt-to-Equity distribution charts can be found below:

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

Litgrid AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Litgrid 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
	=	(6.641	+	33.181)	/	238.686
	=	0.17

Litgrid 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
	=	(6.722	+	33.073)	/	260.196
	=	0.15

Litgrid AB (OVSE:LGD1L) 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.

Litgrid AB Debt-to-Equity Related Terms

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Litgrid AB (OVSE:LGD1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Litgrid AB (OVSE:LGD1L) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karlo Gustavo Emilio Manerheimo street 8, Vilnius, LTU, LT-05131

Website

https://www.litgrid.eu

Litgrid AB is an operator of an electricity transmission system operating electricity transmissions in Lithuania. It is responsible for integrating the national power system into the European power infrastructure and electricity market. The business activity of the group functions under various segments namely Electricity transmission and related services activities, and Other income. Geographically, the business presence of the firm is seen in the regions of Lithuania, Norway, Sweden, Latvia, Estonia and others of which the Lithuania region accounts for the majority of the revenue.

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