Oceaneering International (LTS:0KAN) Debt-to-Equity : 1.46 (As of Mar. 2024)

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What is Oceaneering International Debt-to-Equity?

Oceaneering International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $108 Mil. Oceaneering International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $804 Mil. Oceaneering International's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $623 Mil. Oceaneering International's debt to equity for the quarter that ended in Mar. 2024 was 1.46.

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 Oceaneering International's Debt-to-Equity or its related term are showing as below:

LTS:0KAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.72 Max: 1.83
Current: 1.46

During the past 13 years, the highest Debt-to-Equity Ratio of Oceaneering International was 1.83. The lowest was 0.04. And the median was 0.72.

LTS:0KAN's Debt-to-Equity is ranked worse than
83.79% of 833 companies
in the Oil & Gas industry
Industry Median: 0.45 vs LTS:0KAN: 1.46

Oceaneering International Debt-to-Equity Historical Data

The historical data trend for Oceaneering International'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.

Oceaneering International Debt-to-Equity Chart

Oceaneering International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.91

1.76

1.73

1.67

1.35

Oceaneering International 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															1.70	1.75	1.82	1.35	1.46

Competitive Comparison of Oceaneering International's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Oceaneering International'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.

Oceaneering International's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Oceaneering International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oceaneering International'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
	=	(78.117	+	770.54)	/	628.02
	=	1.35

Oceaneering International'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
	=	(108.014	+	804.063)	/	623.08
	=	1.46

Oceaneering International (LTS:0KAN) 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.

Oceaneering International Debt-to-Equity Related Terms

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

Oceaneering International (LTS:0KAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oceaneering International Inc (LTS:0KAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OII:USA OII:Germany

Address

5875 North Sam Houston Parkway, Suite 400, Houston, TX, USA, 77086

Website

https://www.oceaneering.com

Oceaneering International Inc is a global provider of engineered services and products robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries. Most of Oceaneering's products are produced for the offshore oil and gas market. It had a 2020 segment realignment to promote synergies and cost efficiency. The five segments are subsea robotics; manufactured products; offshore projects group; integrity management and digital solutions; and aerospace and defense technologies. Within the segments are two businesses - services and products provided primarily to the oil and gas industry. The firm is also involved in the offshore renewables and mobility solutions industries.

Oceaneering International (LTS:0KAN) Headlines

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