Strax AB (OSTO:STRAX) Debt-to-Equity : -1.12 (As of Sep. 2023)

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What is Strax AB Debt-to-Equity?

Strax AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr439 Mil. Strax AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr6 Mil. Strax AB's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr-397 Mil. Strax AB's debt to equity for the quarter that ended in Sep. 2023 was -1.12.

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

OSTO:STRAX' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.16 Med: 0.98 Max: 10.98
Current: -1.12

During the past 13 years, the highest Debt-to-Equity Ratio of Strax AB was 10.98. The lowest was -8.16. And the median was 0.98.

OSTO:STRAX's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.29 vs OSTO:STRAX: -1.12

Strax AB Debt-to-Equity Historical Data

The historical data trend for Strax 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.

Strax AB Debt-to-Equity Chart

Strax AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.85

1.15

2.07

3.24

-8.16

Strax AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															10.98	-8.16	-5.24	-3.88	-1.12

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

For the Communication Equipment subindustry, Strax 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.

Strax AB's Debt-to-Equity Distribution in the Hardware Industry

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

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

Strax AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Strax 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
	=	(536.446	+	44.92)	/	-71.261
	=	-8.16

Strax AB's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(438.968	+	6.14)	/	-397.337
	=	-1.12

Strax AB (OSTO:STRAX) 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.

Strax AB Debt-to-Equity Related Terms

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Strax AB (OSTO:STRAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Strax AB (OSTO:STRAX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NOBC:Germany

Address

Master Samuelsgatan 10, Stockholm, SWE, 111 44

Website

https://www.strax.com

Strax AB is specialized in accessories that empower mobile lifestyles. Its portfolio of branded accessories covers all major mobile accessory categories: Protection, Power, Connectivity, as well as Personal Audio. Its Health & Wellness category offers branded Personal Protection products. Its distribution business reaches a broad customer base, through 70 000 brick and mortar stores around the globe, as well as through online marketplaces and direct-to-consumers. The company's wholly-owned brands include Urbanista, Clckr, Richmond & Finch, Planet Buddies, xqisit, AVO+, Dottir and grell, and licensed brands include adidas, Bugatti, Diesel, Superdry and WeSC. The firm's distribution business also services over 40 other major mobile accessory brands.

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