AS Harju Elekter (OTSE:HAE1T) Debt-to-Equity : 0.51 (As of Mar. 2024)

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What is AS Harju Elekter Debt-to-Equity?

AS Harju Elekter's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €22.6 Mil. AS Harju Elekter's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €23.2 Mil. AS Harju Elekter's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €90.6 Mil. AS Harju Elekter'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 AS Harju Elekter's Debt-to-Equity or its related term are showing as below:

OTSE:HAE1T' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.24 Max: 0.57
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of AS Harju Elekter was 0.57. The lowest was 0.02. And the median was 0.24.

OTSE:HAE1T's Debt-to-Equity is ranked worse than
67.3% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs OTSE:HAE1T: 0.51

AS Harju Elekter Debt-to-Equity Historical Data

The historical data trend for AS Harju Elekter'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.

AS Harju Elekter Debt-to-Equity Chart

AS Harju Elekter Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.26

0.33

0.57

0.48

AS Harju Elekter Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.48	0.50	0.47	0.48	0.51

Competitive Comparison of AS Harju Elekter's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, AS Harju Elekter'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.

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

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

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

AS Harju Elekter Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AS Harju Elekter'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
	=	(19.387	+	23.481)	/	89.998
	=	0.48

AS Harju Elekter'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
	=	(22.576	+	23.207)	/	90.565
	=	0.51

AS Harju Elekter (OTSE:HAE1T) 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.

AS Harju Elekter Debt-to-Equity Related Terms

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

AS Harju Elekter (OTSE:HAE1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AS Harju Elekter (OTSE:HAE1T) » Definitions » Debt-to-Equity

Traded in Other Exchanges

HD8:Germany

Address

Paldiski maantee 31, Keila, EST, 76606

Website

https://www.harjuelekter.com

AS Harju Elekter is an Estonia-based company engaged in the production of electrical equipment. The company operates in two segments including Production and Real estate. The Production segment includes factories producing power distribution and control equipment in Estonia, Finland, Sweden, and Lithuania. The core production of factories consists of equipment for the distribution of medium and low-voltage electricity, various electrical power switching and conversion devices, and automation and control centers for use by the energy, industrial, and maritime sectors, and infrastructure objects. The Real estate segment includes the development, project management, leasing, and other related services of industrial real estate for leasing partners and the group's companies.

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