Scandinavian Astor Group AB (XSAT:ASTOR) Debt-to-Equity : 0.43 (As of Mar. 2024)

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What is Scandinavian Astor Group AB Debt-to-Equity?

Scandinavian Astor Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr8.3 Mil. Scandinavian Astor Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr26.6 Mil. Scandinavian Astor Group AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr81.2 Mil. Scandinavian Astor Group AB's debt to equity for the quarter that ended in Mar. 2024 was 0.43.

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

XSAT:ASTOR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.48 Max: 0.54
Current: 0.42

During the past 2 years, the highest Debt-to-Equity Ratio of Scandinavian Astor Group AB was 0.54. The lowest was 0.42. And the median was 0.48.

XSAT:ASTOR's Debt-to-Equity is ranked better than
50.77% of 260 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs XSAT:ASTOR: 0.42

Scandinavian Astor Group AB Debt-to-Equity Historical Data

The historical data trend for Scandinavian Astor 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.

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Scandinavian Astor Group AB Debt-to-Equity Chart

Scandinavian Astor Group AB Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.54

0.42

Scandinavian Astor Group AB Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial				0.56	0.37	0.42	0.42	0.43

Competitive Comparison of Scandinavian Astor Group AB's Debt-to-Equity

For the Aerospace & Defense subindustry, Scandinavian Astor 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.

Scandinavian Astor Group AB's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Scandinavian Astor Group AB's Debt-to-Equity distribution charts can be found below:

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

Scandinavian Astor Group AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Scandinavian Astor Group 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
	=	(6.727	+	28.473)	/	84.452
	=	0.42

Scandinavian Astor Group 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
	=	(8.297	+	26.634)	/	81.156
	=	0.43

Scandinavian Astor Group AB (XSAT:ASTOR) 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.

Scandinavian Astor Group AB Debt-to-Equity Related Terms

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Scandinavian Astor Group AB (XSAT:ASTOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Scandinavian Astor Group AB (XSAT:ASTOR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

Y73:Germany

Address

Torshamnsgatan 9, Kista, Stockholm, SWE, 164 40

Website

https://www.astorgroup.se

Scandinavian Astor Group AB is a Swedish industrial and defense group. The company's industrial part manufactures advanced composite solutions on behalf of customers with applications in the marine, aviation, and defense industries. The military part develops, produces, and sells radar jamming systems for training purposes.

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