Tingsvalvet Fastighets AB (XSAT:TINGS A) Debt-to-Equity : 1.31 (As of Mar. 2024)

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What is Tingsvalvet Fastighets AB Debt-to-Equity?

Tingsvalvet Fastighets AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr570.6 Mil. Tingsvalvet Fastighets AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr471.6 Mil. Tingsvalvet Fastighets AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr796.8 Mil. Tingsvalvet Fastighets AB's debt to equity for the quarter that ended in Mar. 2024 was 1.31.

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

XSAT:TINGS A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.93 Med: 1.31 Max: 1.6
Current: 1.31

During the past 5 years, the highest Debt-to-Equity Ratio of Tingsvalvet Fastighets AB was 1.60. The lowest was 0.93. And the median was 1.31.

XSAT:TINGS A's Debt-to-Equity is ranked worse than
68.92% of 1586 companies
in the Real Estate industry
Industry Median: 0.755 vs XSAT:TINGS A: 1.31

Tingsvalvet Fastighets AB Debt-to-Equity Historical Data

The historical data trend for Tingsvalvet Fastighets 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.

Tingsvalvet Fastighets AB Debt-to-Equity Chart

Tingsvalvet Fastighets AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.23

1.33

1.53

1.12

1.31

Tingsvalvet Fastighets AB Quarterly Data
	May19	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															1.13	1.20	1.24	1.31	1.31

Competitive Comparison of Tingsvalvet Fastighets AB's Debt-to-Equity

For the Real Estate - Development subindustry, Tingsvalvet Fastighets 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.

Tingsvalvet Fastighets AB's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tingsvalvet Fastighets AB's Debt-to-Equity distribution charts can be found below:

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

Tingsvalvet Fastighets AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tingsvalvet Fastighets 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
	=	(466.727	+	577.799)	/	794.956
	=	1.31

Tingsvalvet Fastighets 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
	=	(570.567	+	471.601)	/	796.819
	=	1.31

Tingsvalvet Fastighets AB (XSAT:TINGS A) 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.

Tingsvalvet Fastighets AB Debt-to-Equity Related Terms

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Tingsvalvet Fastighets AB (XSAT:TINGS A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tingsvalvet Fastighets AB (XSAT:TINGS A) » Definitions » Debt-to-Equity

Traded in Other Exchanges

TINGS B:Sweden

Address

c/o Arctic Securities AS, filial Sverige, Biblioteksgatan 8, 3tr., Stockholm, SWE, 111 46

Website

https://www.tingsvalvet.se

Tingsvalvet Fastighets AB is a Swedish real estate company that owns, manages and leases office, retail and restaurant premises in central Karlstad.

Tingsvalvet Fastighets AB (XSAT:TINGS A) Headlines

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