Rockwool AS (OCSE:ROCK A) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Rockwool AS Debt-to-Equity?

Rockwool AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr320 Mil. Rockwool AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr537 Mil. Rockwool AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr20,899 Mil. Rockwool AS's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 Rockwool AS's Debt-to-Equity or its related term are showing as below:

OCSE:ROCK A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.2
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Rockwool AS was 0.20. The lowest was 0.00. And the median was 0.04.

OCSE:ROCK A's Debt-to-Equity is ranked better than
91.01% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs OCSE:ROCK A: 0.04

Rockwool AS Debt-to-Equity Historical Data

The historical data trend for Rockwool AS'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.

Rockwool AS Debt-to-Equity Chart

Rockwool AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.07

0.04

0.09

0.04

Rockwool AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.09	-	-	-	0.04

Competitive Comparison of Rockwool AS's Debt-to-Equity

For the Building Products & Equipment subindustry, Rockwool AS'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.

Rockwool AS's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Rockwool AS's Debt-to-Equity distribution charts can be found below:

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

Rockwool AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rockwool AS'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
	=	(320.498	+	536.647)	/	20899.432
	=	0.04

Rockwool AS'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
	=	(320.498	+	536.647)	/	20899.432
	=	0.04

Rockwool AS (OCSE:ROCK A) 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.

Rockwool AS Debt-to-Equity Related Terms

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

Rockwool AS (OCSE:ROCK A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rockwool AS (OCSE:ROCK A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ROCKBc:UK 0M0A:UK ROCK B:Denmark R90:Germany

Address

Hovedgaden 584, Hedehusene, DNK, 2640

Website

https://www.rockwool.com

Rockwool AS manufactures and sells building materials, including insulation, and roofing systems. The company organizes itself into two segments based on the product: Insulation and Systems. The Insulation segment, which generates the majority of revenue, sells building, industrial, and technical insulation and external thermal insulation wall systems to the construction industry. The Systems business sells acoustic ceilings and wall systems, external cladding systems, horticultural substrate solutions, engineered fiber solutions, and noise and vibration control to the construction and automotive industries. The majority of sales come from Europe.

Rockwool AS (OCSE:ROCK A) Headlines

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