Salmon Evolution ASA (OSL:SALME) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Salmon Evolution ASA Debt-to-Equity?

Salmon Evolution ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr107.6 Mil. Salmon Evolution ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr578.2 Mil. Salmon Evolution ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr1,920.7 Mil. Salmon Evolution ASA's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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 Salmon Evolution ASA's Debt-to-Equity or its related term are showing as below:

OSL:SALME' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.18 Max: 0.37
Current: 0.36

During the past 5 years, the highest Debt-to-Equity Ratio of Salmon Evolution ASA was 0.37. The lowest was 0.05. And the median was 0.18.

OSL:SALME's Debt-to-Equity is ranked better than
54.12% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs OSL:SALME: 0.36

Salmon Evolution ASA Debt-to-Equity Historical Data

The historical data trend for Salmon Evolution ASA'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.

Salmon Evolution ASA Debt-to-Equity Chart

Salmon Evolution ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.06

0.05

0.18

0.37

0.36

Salmon Evolution ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												0.37	0.43	0.32	0.34	0.36

Competitive Comparison of Salmon Evolution ASA's Debt-to-Equity

For the Farm Products subindustry, Salmon Evolution ASA'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.

Salmon Evolution ASA's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Salmon Evolution ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Salmon Evolution ASA's Debt-to-Equity falls into.

Salmon Evolution ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Salmon Evolution ASA'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
	=	(107.625	+	578.158)	/	1920.693
	=	0.36

Salmon Evolution ASA'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
	=	(107.625	+	578.158)	/	1920.693
	=	0.36

Salmon Evolution ASA (OSL:SALME) 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.

Salmon Evolution ASA Debt-to-Equity Related Terms

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Salmon Evolution ASA (OSL:SALME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Salmon Evolution ASA (OSL:SALME) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SALMEo:Sweden 60E:Germany

Address

Torget 5, NO-6440 Elnesvagen, Hustadvika, NOR, 6440

Website

https://www.salmonevolution.no

Salmon Evolution ASA is a land-based salmon farming company in Norway. Its focus is on extending the ocean's potential by transferring the preconditions offered by the sea to farm fish on land through its chosen hybrid flow-through system technology (HFS). It production facility of the company is located in Indre Haroy, Norway. It offers access to an educated and experienced workforce, established infrastructure for salmon farming, renewable energy, and unlimited fresh seawater.

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