Odfjell SE (OSL:ODF) Debt-to-Equity : 1.29 (As of Mar. 2024)

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What is Odfjell SE Debt-to-Equity?

Odfjell SE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr3,646 Mil. Odfjell SE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr7,432 Mil. Odfjell SE's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr8,604 Mil. Odfjell SE's debt to equity for the quarter that ended in Mar. 2024 was 1.29.

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 Odfjell SE's Debt-to-Equity or its related term are showing as below:

OSL:ODF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.29 Med: 1.82 Max: 2.72
Current: 1.29

During the past 13 years, the highest Debt-to-Equity Ratio of Odfjell SE was 2.72. The lowest was 1.29. And the median was 1.82.

OSL:ODF's Debt-to-Equity is ranked worse than
76.53% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs OSL:ODF: 1.29

Odfjell SE Debt-to-Equity Historical Data

The historical data trend for Odfjell SE'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.

Odfjell SE Debt-to-Equity Chart

Odfjell SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.44

2.65

2.54

1.69

1.34

Odfjell SE 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															1.76	1.57	1.48	1.34	1.29

Competitive Comparison of Odfjell SE's Debt-to-Equity

For the Marine Shipping subindustry, Odfjell SE'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.

Odfjell SE's Debt-to-Equity Distribution in the Transportation Industry

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

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

Odfjell SE Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Odfjell SE'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
	=	(2745.661	+	8571.767)	/	8423.791
	=	1.34

Odfjell SE'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
	=	(3646.318	+	7431.654)	/	8604.291
	=	1.29

Odfjell SE (OSL:ODF) 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.

Odfjell SE Debt-to-Equity Related Terms

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

Odfjell SE (OSL:ODF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Odfjell SE (OSL:ODF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ODFO:Sweden ODFBO:Sweden ODFB:Norway O7F:Germany

Address

Conrad Mohrs veg 29, P.O. Box 6101, Postterminalen, Bergen, NOR, 5892

Website

https://www.odfjell.com

Odfjell SE is a company engaged in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products. It also owns and operates chemical tankers and tank terminals. The Company has two reportable operating segments: The Chemical Tankers involve a round-the-world service, servicing ports in Europe, North, and South America, the Middle East and Asia, Australia, and Africa, and The Tank Terminals segment offers storage of various chemical and petroleum products. It operates through various geographical regions which include North and South America, Norway, Netherlands, Australasia, Africa Middle East, and Asia, and derives a majority of its revenue from the Middle East and Asia.

Odfjell SE (OSL:ODF) Headlines

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