MoveByBike Europe AB (XSAT:MBBAB) Debt-to-Equity : -0.14 (As of Jun. 2024)

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What is MoveByBike Europe AB Debt-to-Equity?

MoveByBike Europe AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr0.72 Mil. MoveByBike Europe AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr2.88 Mil. MoveByBike Europe AB's Total Stockholders Equity for the quarter that ended in Jun. 2024 was kr-26.77 Mil. MoveByBike Europe AB's debt to equity for the quarter that ended in Jun. 2024 was -0.13.

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

XSAT:MBBAB' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.49 Med: 0.5 Max: 3.83
Current: -0.14

During the past 4 years, the highest Debt-to-Equity Ratio of MoveByBike Europe AB was 3.83. The lowest was -2.49. And the median was 0.50.

XSAT:MBBAB's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.54 vs XSAT:MBBAB: -0.14

MoveByBike Europe AB Debt-to-Equity Historical Data

The historical data trend for MoveByBike Europe 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.

MoveByBike Europe AB Debt-to-Equity Chart

MoveByBike Europe AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.88

0.26

0.57

MoveByBike Europe AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial													3.83	-2.49	-0.66	-0.57	-0.14

Competitive Comparison of MoveByBike Europe AB's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, MoveByBike Europe 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.

MoveByBike Europe AB's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MoveByBike Europe AB's Debt-to-Equity distribution charts can be found below:

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

MoveByBike Europe AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MoveByBike Europe AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(1.186	+	0.78)	/	3.437
	=	0.57

MoveByBike Europe AB's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.72	+	2.884)	/	-26.772
	=	-0.13

MoveByBike Europe AB (XSAT:MBBAB) 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.

MoveByBike Europe AB Debt-to-Equity Related Terms

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MoveByBike Europe AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MoveByBike Europe AB (XSAT:MBBAB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6ZR:Germany

Address

Byggmastaregatan 3, Malmo, SWE, 211 30

Website

https://www.movebybike.se

MoveByBike Europe AB is a Swedish transport and logistics company that offers a completely environmentally friendly delivery and distribution service. The company has developed a complete infrastructure for bicycle logistics with flexible, fast, cost-effective and environmentally friendly transport with deliveries at times and places chosen by the recipient.

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