Norsk Titanium AS (Norsk Titanium AS) Debt-to-Equity : -10.37 (As of Dec. 2023)

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What is Norsk Titanium AS Debt-to-Equity?

Norsk Titanium AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.18 Mil. Norsk Titanium AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.44 Mil. Norsk Titanium AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1.02 Mil. Norsk Titanium AS's debt to equity for the quarter that ended in Dec. 2023 was -10.37.

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 Norsk Titanium AS's Debt-to-Equity or its related term are showing as below:

NORSF' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.37 Med: -1.14 Max: 0.12
Current: -10.37

During the past 6 years, the highest Debt-to-Equity Ratio of Norsk Titanium AS was 0.12. The lowest was -10.37. And the median was -1.14.

NORSF's Debt-to-Equity is not ranked
in the Aerospace & Defense industry.
Industry Median: 0.43 vs NORSF: -10.37

Norsk Titanium AS Debt-to-Equity Historical Data

The historical data trend for Norsk Titanium AS'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.

Norsk Titanium AS Debt-to-Equity Chart

Norsk Titanium AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.14

0.02

0.12

-10.37

Norsk Titanium AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.02	0.10	0.12	0.17	-10.37

Competitive Comparison of Norsk Titanium AS's Debt-to-Equity

For the Aerospace & Defense subindustry, Norsk Titanium AS'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.

Norsk Titanium AS's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Norsk Titanium AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Norsk Titanium AS's Debt-to-Equity falls into.

Norsk Titanium AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Norsk Titanium AS'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
	=	(9.175	+	1.44)	/	-1.024
	=	-10.37

Norsk Titanium AS'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
	=	(9.175	+	1.44)	/	-1.024
	=	-10.37

Norsk Titanium AS (OTCPK:NORSF) 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.

Norsk Titanium AS Debt-to-Equity Related Terms

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Norsk Titanium AS (Norsk Titanium AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Norsk Titanium AS (OTCPK:NORSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NTI:Norway 84F:Germany

Address

Flyplassveien 20, Honefoss, NOR, 3514

Website

https://www.norsktitanium.com

Norsk Titanium AS is a producer of aerospace-grade, additively manufactured, structural titanium components for commercial aerospace tier-one suppliers. Its patented RPD technology revolutionizes the industry by pioneering a new era of on-demand metal additive manufacturing that delivers 3D-printed, structural titanium, providing substantial lead-time and cost savings to the aerospace, defence, and industrial markets.

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