Ecit AS (OSL:ECIT) Debt-to-Revenue : 0.26 (As of Jun. 2024)

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What is Ecit AS Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Ecit AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr106 Mil. Ecit AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr929 Mil. Ecit AS's annualized Revenue for the quarter that ended in Jun. 2024 was kr3,920 Mil. Ecit AS's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 was 0.26.

Ecit AS Debt-to-Revenue Historical Data

The historical data trend for Ecit AS's Debt-to-Revenue 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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Ecit AS Debt-to-Revenue Chart

Ecit AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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0.15

0.20

0.21

0.26

Ecit AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Revenue	Get a 7-Day Free Trial															0.21	0.24	0.24	0.22	0.26

Competitive Comparison of Ecit AS's Debt-to-Revenue

For the Information Technology Services subindustry, Ecit AS's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Ecit AS's Debt-to-Revenue Distribution in the Software Industry

For the Software industry and Technology sector, Ecit AS's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Ecit AS's Debt-to-Revenue falls into.

Ecit AS Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Ecit AS's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(137	+	765)	/	3438
	=	0.26

Ecit AS's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(106	+	929)	/	3920
	=	0.26

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Jun. 2024) Revenue data.

Ecit AS Debt-to-Revenue Related Terms

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Ecit AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ecit AS (OSL:ECIT) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

Rolfsbuktveien 4A, Fornebu, NOR, 1364

Website

https://www.ecit.com

Ecit AS provides services within key business areas of IT, Finance & Accounting and Tech across sectors and industries. The company has a model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. The group's business operations are carried out by three divisions: IT, Finance & Accounting, and Tech. The Finance & Accounting division improves customers' efficiency through delivering administrative services in a productive way along with being a key revenue driver for the company.

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