Hermitage Offshore Services (FRA:N5OA) Debt-to-Equity : 2.82 (As of Mar. 2020)

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What is Hermitage Offshore Services Debt-to-Equity?

Hermitage Offshore Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2020 was €0.38 Mil. Hermitage Offshore Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2020 was €128.13 Mil. Hermitage Offshore Services's Total Stockholders Equity for the quarter that ended in Mar. 2020 was €45.51 Mil. Hermitage Offshore Services's debt to equity for the quarter that ended in Mar. 2020 was 2.82.

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 Hermitage Offshore Services's Debt-to-Equity or its related term are showing as below:

FRA:N5OA's Debt-to-Equity is not ranked ^*
in the Transportation industry.
Industry Median: 0.56
* Ranked among companies with meaningful Debt-to-Equity only.

Hermitage Offshore Services Debt-to-Equity Historical Data

The historical data trend for Hermitage Offshore Services'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.

Hermitage Offshore Services Debt-to-Equity Chart

Hermitage Offshore Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

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0.16

0.58

0.55

2.45

2.72

Hermitage Offshore Services Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Debt-to-Equity	Get a 7-Day Free Trial															N/A	2.59	2.99	2.72	2.82

Competitive Comparison of Hermitage Offshore Services's Debt-to-Equity

For the Marine Shipping subindustry, Hermitage Offshore Services'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.

Hermitage Offshore Services's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hermitage Offshore Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hermitage Offshore Services's Debt-to-Equity falls into.

Hermitage Offshore Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hermitage Offshore Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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
	=	(0.186	+	127.528)	/	46.915
	=	2.72

Hermitage Offshore Services's Debt to Equity Ratio for the quarter that ended in Mar. 2020 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
	=	(0.375	+	128.125)	/	45.512
	=	2.82

Hermitage Offshore Services (FRA:N5OA) 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.

Hermitage Offshore Services Debt-to-Equity Related Terms

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

Hermitage Offshore Services (FRA:N5OA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hermitage Offshore Services Ltd (FRA:N5OA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

27 Reid Street, LOM Building, Hamilton, BMU, HM 11

Website

https://www.hermitage-offshore.com

Hermitage Offshore Services Ltd is a platform supply vessel company. The company owns and operates platform supply vessels in the North Sea and in West Africa. Its operating segment is the offshore support vessel market. All the company's vessels operate in the North Sea in both the term and spot market. Its vessels are considered homogeneous and interchangeable as it has approximately the same cargo deck area and capacity.

Hermitage Offshore Services (FRA:N5OA) Headlines

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