Golar LNG (Golar LNG) Debt-to-Equity

: 0.59 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

Golar LNG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $344.0 Mil. Golar LNG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $880.0 Mil. Golar LNG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,067.7 Mil. Golar LNG's debt to equity for the quarter that ended in Dec. 2023 was 0.59.

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 Golar LNG's Debt-to-Equity or its related term are showing as below:

GLNG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 1.02 Max: 1.83
Current: 0.59

During the past 13 years, the highest Debt-to-Equity Ratio of Golar LNG was 1.83. The lowest was 0.48. And the median was 1.02.

GLNG's Debt-to-Equity is ranked worse than
58.67% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs GLNG: 0.59

Golar LNG Debt-to-Equity Historical Data

The historical data trend for Golar LNG'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.

Golar LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.70

1.83

0.94

0.48

0.59

Golar LNG 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	Get a 7-Day Free Trial															0.48	0.54	0.57	0.55	0.59

Competitive Comparison

For the Oil & Gas Midstream subindustry, Golar LNG'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.

Golar LNG Debt-to-Equity Distribution

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

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

Golar LNG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golar LNG'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
	=	(344.028	+	880.045)	/	2067.669
	=	0.59

Golar LNG's Debt to Equity Ratio for the quarter 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
	=	(344.028	+	880.045)	/	2067.669
	=	0.59

Golar LNG (NAS:GLNG) 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.

Golar LNG Debt-to-Equity Related Terms

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

Golar LNG (Golar LNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Ltd (NAS:GLNG) » Definitions » Debt-to-Equity

Comparable Companies

INSW KNTK HESM NS TNK DHT VNOM LPG GLP PAGP TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

GLNG:Mexico G2O:Germany G20:Germany G2O:Germany

Address

9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlng.com

Golar LNG Ltd is a midstream LNG company operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), Power, and Corporate and other. It generates maximum revenue from the FLNG segment.