CombinedX AB (OSTO:CX) Debt-to-Equity : 0.23 (As of Mar. 2024)

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What is CombinedX AB Debt-to-Equity?

CombinedX AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr50.9 Mil. CombinedX AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr43.7 Mil. CombinedX AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr418.3 Mil. CombinedX AB's debt to equity for the quarter that ended in Mar. 2024 was 0.23.

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

OSTO:CX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.29 Max: 0.67
Current: 0.23

During the past 6 years, the highest Debt-to-Equity Ratio of CombinedX AB was 0.67. The lowest was 0.23. And the median was 0.29.

OSTO:CX's Debt-to-Equity is ranked worse than
51.99% of 2216 companies
in the Software industry
Industry Median: 0.21 vs OSTO:CX: 0.23

CombinedX AB Debt-to-Equity Historical Data

The historical data trend for CombinedX 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.

CombinedX AB Debt-to-Equity Chart

CombinedX AB Annual Data

Trend

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.24

0.67

0.24

0.36

0.24

CombinedX AB Quarterly Data
	Apr18	Apr19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.34	0.29	0.24	0.24	0.23

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

For the Information Technology Services subindustry, CombinedX 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.

CombinedX AB's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, CombinedX AB's Debt-to-Equity distribution charts can be found below:

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

CombinedX AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CombinedX 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
	=	(42.5	+	46.1)	/	375.9
	=	0.24

CombinedX 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
	=	(50.9	+	43.7)	/	418.3
	=	0.23

CombinedX AB (OSTO:CX) 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.

CombinedX AB Debt-to-Equity Related Terms

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CombinedX AB (OSTO:CX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CombinedX AB (OSTO:CX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tynasgatan 10, Karlstad, SWE, 652 16

Website

https://www.combinedx.com

CombinedX AB is a family of knowledge companies that help companies and organizations to take advantage of the opportunities of digitalisation. It delivers services through eight wholly-owned specialist companies, each with market-leading technology and business expertise in its niche.