Deep Value Driller AS (OSL:DVD) Debt-to-Equity : 1.96 (As of Mar. 2024)

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What is Deep Value Driller AS Debt-to-Equity?

Deep Value Driller AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.0 Mil. Deep Value Driller AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr795.9 Mil. Deep Value Driller AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr406.3 Mil. Deep Value Driller AS's debt to equity for the quarter that ended in Mar. 2024 was 1.96.

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 Deep Value Driller AS's Debt-to-Equity or its related term are showing as below:

OSL:DVD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 2.56
Current: 1.96

During the past 3 years, the highest Debt-to-Equity Ratio of Deep Value Driller AS was 2.56. The lowest was 0.00. And the median was 0.06.

OSL:DVD's Debt-to-Equity is ranked worse than
89.96% of 827 companies
in the Oil & Gas industry
Industry Median: 0.45 vs OSL:DVD: 1.96

Deep Value Driller AS Debt-to-Equity Historical Data

The historical data trend for Deep Value Driller 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.

Deep Value Driller AS Debt-to-Equity Chart

Deep Value Driller AS Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.11

2.56

Deep Value Driller AS Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								1.50	1.72	2.53	2.56	1.96

Competitive Comparison of Deep Value Driller AS's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Deep Value Driller 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.

Deep Value Driller AS's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Deep Value Driller AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Deep Value Driller AS's Debt-to-Equity falls into.

Deep Value Driller AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Deep Value Driller 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
	=	(79.12	+	791.205)	/	339.933
	=	2.56

Deep Value Driller AS'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
	=	(0	+	795.907)	/	406.316
	=	1.96

Deep Value Driller AS (OSL:DVD) 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.

Deep Value Driller AS Debt-to-Equity Related Terms

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Deep Value Driller AS (OSL:DVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Deep Value Driller AS (OSL:DVD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

9YG:Germany

Address

Munkedamsveien 45F, 8th Floor, Oslo, NOR, 0250

Website

https://www.deepvaluedriller.no/

Deep Value Driller AS is a drillship-owning company that has acquired the high-specification UDW 7th generation drillship Deep Value Driller. The activities of the company are contracting, managing, and owning drilling rigs.