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ContextVision AB (OSTO:COVO) Debt-to-Equity : 0.07 (As of Dec. 2023)


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What is ContextVision AB Debt-to-Equity?

ContextVision AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr3.8 Mil. ContextVision AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr1.6 Mil. ContextVision AB's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr80.0 Mil. ContextVision AB's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

OSTO:COVo' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06   Med: 0.07   Max: 0.24
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of ContextVision AB was 0.24. The lowest was 0.06. And the median was 0.07.

OSTO:COVo's Debt-to-Equity is ranked better than
84.24% of 552 companies
in the Healthcare Providers & Services industry
Industry Median: 0.49 vs OSTO:COVo: 0.07

ContextVision AB Debt-to-Equity Historical Data

The historical data trend for ContextVision 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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ContextVision AB Debt-to-Equity Chart

ContextVision AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.06 0.24 0.07 0.07

ContextVision AB 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.16 0.10 0.07 0.07

Competitive Comparison of ContextVision AB's Debt-to-Equity

For the Health Information Services subindustry, ContextVision 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.


ContextVision AB's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, ContextVision AB's Debt-to-Equity distribution charts can be found below:

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



ContextVision AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ContextVision AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

ContextVision AB's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


ContextVision AB  (OSTO:COVo) 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.


ContextVision AB Debt-to-Equity Related Terms

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


ContextVision AB (OSTO:COVO) Business Description

Traded in Other Exchanges
Address
Klara Norra Kyrkogata 31, Stockholm, SWE, SE-111 22
ContextVision AB is a Sweden-based medical technology company. It develops and sells image enhancement software for medical diagnosis and artificial intelligence. Its product portfolio includes image enhancement software for 2D/3D/4D (dimensional) ultrasound, magnetic resonance imaging (MRI), X-Ray, radiography, and mammography. its geographical segments are Asia, Europe, and America.

ContextVision AB (OSTO:COVO) Headlines

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