Drillcon AB (OSTO:DRIL) Debt-to-Equity : 0.51 (As of Mar. 2024)

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What is Drillcon AB Debt-to-Equity?

Drillcon AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr36.0 Mil. Drillcon AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr49.4 Mil. Drillcon AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr167.1 Mil. Drillcon AB's debt to equity for the quarter that ended in Mar. 2024 was 0.51.

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

OSTO:DRIL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.33 Max: 0.79
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Drillcon AB was 0.79. The lowest was 0.14. And the median was 0.33.

OSTO:DRIL's Debt-to-Equity is ranked worse than
55.57% of 925 companies
in the Business Services industry
Industry Median: 0.37 vs OSTO:DRIL: 0.51

Drillcon AB Debt-to-Equity Historical Data

The historical data trend for Drillcon 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.

Drillcon AB Debt-to-Equity Chart

Drillcon AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.46

0.25

0.16

0.54

0.76

Drillcon AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.76	0.65	0.67	0.60	0.51

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

For the Specialty Business Services subindustry, Drillcon 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.

Drillcon AB's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Drillcon AB's Debt-to-Equity distribution charts can be found below:

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

Drillcon AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Drillcon 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
	=	(51.811	+	59.338)	/	146.148
	=	0.76

Drillcon 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
	=	(35.995	+	49.401)	/	167.074
	=	0.51

Drillcon AB (OSTO:DRIL) 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.

Drillcon AB Debt-to-Equity Related Terms

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

Drillcon AB (OSTO:DRIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Drillcon AB (OSTO:DRIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrivagen 2, Nora, SWE, 713 30

Website

http://www.drillcon.se

Drillcon AB is a service provider of Mining and Construction drilling solutions. The company's segment includes diamond core drilling services such as Percussion drillings, Core drillings and Technical surveys and services; Raiseboring operations such as ventilation, ore and/or waste passes, production slot of raises and / or narrow vein mining and Geoservices segment providing Instruments for borehole deviation surveys, seismic surveys, digital optical borehole imaging and Rock Mechanical In-situ stress measurements.

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