DNO ASA (DNO ASA) Debt-to-Equity : 0.47 (As of Dec. 2023)

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What is DNO ASA Debt-to-Equity?

DNO ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $169.8 Mil. DNO ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $406.0 Mil. DNO ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,234.8 Mil. DNO ASA's debt to equity for the quarter that ended in Dec. 2023 was 0.47.

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

DTNOY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.65 Max: 1.13
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of DNO ASA was 1.13. The lowest was 0.40. And the median was 0.65.

DTNOY's Debt-to-Equity is ranked worse than
51.69% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs DTNOY: 0.47

DNO ASA Debt-to-Equity Historical Data

The historical data trend for DNO 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.

DNO ASA Debt-to-Equity Chart

DNO ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.93

1.13

0.87

0.42

0.47

DNO ASA Quarterly Data
	Mar19	Jun19	Sep19	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															0.42	0.41	0.44	0.46	0.47

Competitive Comparison of DNO ASA's Debt-to-Equity

For the Oil & Gas E&P subindustry, DNO 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.

DNO ASA's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

DNO ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DNO 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
	=	(169.8	+	406)	/	1234.8
	=	0.47

DNO 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
	=	(169.8	+	406)	/	1234.8
	=	0.47

DNO ASA (OTCPK:DTNOY) 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.

DNO ASA Debt-to-Equity Related Terms

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

DNO ASA (DNO ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DNO ASA (OTCPK:DTNOY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DTNOF:USA DNOo:Sweden DNO:Norway DNOo:UK 0MHP:UK NK1A:Germany

Address

Dokkveien 1, P.O. Box 1345 Vika, Aker Brygge, Oslo, NOR, 0250

Website

https://www.dno.no

DNO ASA is an oil and gas exploration and production company. A group of licenses are held for fields in Kurdistan, Yemen, United Kingdom, and Norway. Producing assets in Kurdistan generate the majority of revenue for the company. Petroleum products from Kurdistan fields are either sold locally or externally, with external shipments constituting the majority. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities.

DNO ASA (DNO ASA) Headlines

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