Rana Gruber ASA (STU:7XH) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Rana Gruber ASA Debt-to-Equity?

Rana Gruber ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €5.2 Mil. Rana Gruber ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €12.6 Mil. Rana Gruber ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €78.4 Mil. Rana Gruber ASA's debt to equity for the quarter that ended in Dec. 2023 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 Rana Gruber ASA's Debt-to-Equity or its related term are showing as below:

STU:7XH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.82 Max: 2.45
Current: 0.23

During the past 7 years, the highest Debt-to-Equity Ratio of Rana Gruber ASA was 2.45. The lowest was 0.17. And the median was 0.82.

STU:7XH's Debt-to-Equity is ranked better than
69.35% of 558 companies
in the Steel industry
Industry Median: 0.415 vs STU:7XH: 0.23

Rana Gruber ASA Debt-to-Equity Historical Data

The historical data trend for Rana Gruber ASA'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.

Rana Gruber ASA Debt-to-Equity Chart

Rana Gruber ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.45

0.82

0.20

0.17

0.23

Rana Gruber ASA Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial														0.17	0.19	0.22	0.21	0.23

Competitive Comparison of Rana Gruber ASA's Debt-to-Equity

For the Steel subindustry, Rana Gruber ASA'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.

Rana Gruber ASA's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rana Gruber ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Rana Gruber ASA's Debt-to-Equity falls into.

Rana Gruber ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rana Gruber ASA'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
	=	(5.193	+	12.594)	/	78.359
	=	0.23

Rana Gruber ASA's Debt to Equity Ratio for the quarter 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
	=	(5.193	+	12.594)	/	78.359
	=	0.23

Rana Gruber ASA (STU:7XH) 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.

Rana Gruber ASA Debt-to-Equity Related Terms

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

Rana Gruber ASA (STU:7XH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rana Gruber ASA (STU:7XH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RANAo:Sweden RANA:Norway 7XH:Germany

Address

Mjolanveien 29, Mo i Rana, NOR, 8622

Website

https://www.ranagruber.no

Rana Gruber ASA is a sustainable iron ore producer in Norway. It is engaged in the excavating, processing and sale of iron oxide in the form of hematite, magnetite and iron oxide pigments. Hematite is used for iron and steel production in smelting plants in Europe and magnetite is used in industrial water purification processes. The iron ore production takes place at the group's iron ore deposits at Ortfjell as open-pit production and underground operation. It produces and sells iron ore concentrate, and mainly serves steel producers and participants in the chemical industry.The majority of revenue from contracts with customers arise from the sale of hematite products.

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