Grab2Go AS (OTSE:GRB2G) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Grab2Go AS Debt-to-Equity?

Grab2Go AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.00 Mil. Grab2Go AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.00 Mil. Grab2Go AS's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €1.04 Mil. Grab2Go AS's debt to equity for the quarter that ended in Jun. 2023 was 0.00.

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 Grab2Go AS's Debt-to-Equity or its related term are showing as below:

OTSE:GRB2G' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.52 Max: 0.52
Current: 0.29

During the past 2 years, the highest Debt-to-Equity Ratio of Grab2Go AS was 0.52. The lowest was 0.52. And the median was 0.52.

OTSE:GRB2G's Debt-to-Equity is ranked better than
50.11% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs OTSE:GRB2G: 0.29

Grab2Go AS Debt-to-Equity Historical Data

The historical data trend for Grab2Go 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.

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Grab2Go AS Debt-to-Equity Chart

Grab2Go AS Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.52

Grab2Go AS Semi-Annual Data
	Jun22	Dec22	Jun23
Debt-to-Equity	N/A	0.52	-

Competitive Comparison of Grab2Go AS's Debt-to-Equity

For the Business Equipment & Supplies subindustry, Grab2Go 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.

Grab2Go AS's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Grab2Go AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grab2Go AS's Debt-to-Equity falls into.

Grab2Go AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grab2Go AS'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
	=	(0.3	+	0)	/	0.58
	=	0.52

Grab2Go AS's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0	+	0)	/	1.041
	=	0.00

Grab2Go AS (OTSE:GRB2G) 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.

Grab2Go AS Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Grab2Go AS's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Grab2Go AS (OTSE:GRB2G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grab2Go AS (OTSE:GRB2G) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veskiposti tn 2-1002, Harju maakond, Tallinn, EST, 10138

Website

https://www.grab2go.eu

Grab2Go AS develops and manufactures autonomous, unmanned and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings and a better consumer experience in the operation of convenience stores, pharmacies and other similar points of sale. The company has developed a completely unique Cloud Platform to remotely manage and operate Its Autonomous Stores in Real-Time. Grab2Go earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments) and software development.

Grab2Go AS (OTSE:GRB2G) Headlines

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