ION Geophysical (ION Geophysical) Debt-to-Equity : -2.63 (As of Sep. 2021)

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What is ION Geophysical Debt-to-Equity?

ION Geophysical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $34.7 Mil. ION Geophysical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $139.9 Mil. ION Geophysical's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $-66.4 Mil. ION Geophysical's debt to equity for the quarter that ended in Sep. 2021 was -2.63.

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 ION Geophysical's Debt-to-Equity or its related term are showing as below:

IOGPQ's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.445
* Ranked among companies with meaningful Debt-to-Equity only.

ION Geophysical Debt-to-Equity Historical Data

The historical data trend for ION Geophysical'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.

ION Geophysical Debt-to-Equity Chart

ION Geophysical Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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3.00

5.30

28.81

-4.44

-2.61

ION Geophysical Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Debt-to-Equity	Get a 7-Day Free Trial															-3.11	-2.61	-2.69	-2.67	-2.63

Competitive Comparison of ION Geophysical's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, ION Geophysical'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.

ION Geophysical's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

ION Geophysical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ION Geophysical's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(151.301	+	38.372)	/	-72.702
	=	-2.61

ION Geophysical's Debt to Equity Ratio for the quarter that ended in Sep. 2021 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
	=	(34.71	+	139.888)	/	-66.384
	=	-2.63

ION Geophysical (OTCPK:IOGPQ) 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.

ION Geophysical Debt-to-Equity Related Terms

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

ION Geophysical (ION Geophysical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ION Geophysical Corp (OTCPK:IOGPQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2105 CityWest Boulevard, Suite 100, Houston, TX, USA, 77042-2855

Website

https://www.iongeo.com

ION Geophysical Corp is a United States-based technology-focused company, which provides geoscience products, services, and solutions to the global oil and gas industry. The company operates through two segments: E&P Technology & Services and E&P Operations Optimization. It generates the majority of its revenue comes from the Technology & Services segment which creates digital data assets and delivers services to E&P(exploration and production) companies. Its geographical segments are Latin America, North America, Europe, Asia Pacific, Africa, Middle East, and others.

Executives

Gates Capital Management, Inc.	10 percent owner	1177 AVE. OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Mark J Doran	director	4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77006
Gary L Pittman	director	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Jeffrey L Gates	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Gates Capital Management, L.p.	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Gates Capital Management Gp, Llc	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Sheila M Rodermund	officer: EVP, Operations Optimization	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Shaohua Zhang	director	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77042
Lapeyre James M Jr	director	C/O LAITRAM CORP 220 LAITRAM LANE HARAHAN LA 70123
Christopher Theron Usher	officer: EVP & COO, GeoScience	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Michael L Morrison	officer: Controller	4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Dale J Lambert	officer: EVP, Operations Optimization	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Michael Y Mcgovern	director	700 LOUISIANA, STE 4300, HOUSTON TX 77002
Tina L Val	director	2826 KINGS RETREAT CIRCLE, KINGWOOD TX 77345
R Brian Hanson	officer: Exec. VP & CFO	ION GEOPHYSICAL CORPORATION 2105 CITYWEST, BLDG 3, SUITE 100 HOUSTON TX 77042-2855