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Equinor ASA (FRA:DNQA) Debt-to-Equity

: 0.66 (As of Dec. 2023)
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Equinor ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €6,671 Mil. Equinor ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €22,486 Mil. Equinor ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €44,465 Mil. Equinor ASA's debt to equity for the quarter that ended in Dec. 2023 was 0.66.

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 Equinor ASA's Debt-to-Equity or its related term are showing as below:

FRA:DNQA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6   Med: 0.71   Max: 1.13
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Equinor ASA was 1.13. The lowest was 0.60. And the median was 0.71.

FRA:DNQA's Debt-to-Equity is ranked worse than
62.41% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs FRA:DNQA: 0.66

Equinor ASA Debt-to-Equity Historical Data

The historical data trend for Equinor ASA'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.

Equinor ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.71 1.13 0.93 0.60 0.66

Equinor ASA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.55 0.62 0.61 0.66

Competitive Comparison

For the Oil & Gas Integrated subindustry, Equinor ASA'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.


Equinor ASA Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Equinor ASA's Debt-to-Equity distribution charts can be found below:

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



Equinor ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Equinor ASA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equinor ASA's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Equinor ASA  (FRA:DNQA) 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.


Equinor ASA Debt-to-Equity Related Terms

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


Equinor ASA (FRA:DNQA) Business Description

Address
Forusbeen 50, Stavanger, NOR, N-4035
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.

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